Macroeconomics
INS: Producer Prices Down 0.3% On Month, But Rise 0.3% On Year
Romania’s industrial producer price index inched down 0.3% on average in June compared with a month earlier, on lower prices in most sectors, the country’s statistics institute INS said Mond...
Fitch Affirms City Of Bucharest At 'BBB-'; With Stable Outlook
Fitch Ratings on Friday affirmed the main ratings of Romania's capital city Bucharest at 'BBB-', with a stable outlook, citing strong operating performance and a moderate debt level.
FinMin: Utility Pole Tax To Be Applied As Of 2015, Most Likely At The Net Fiscal Value
The planned tax on special constructions will be applied starting 2015, most likely at the net fiscal value and not at the gross book value, as it happens now, Romania’s Finance Minister Ioa...
INS: Tourist Arrivals Up 5.1% On Year In January-June
Arrivals at Romanian tourism accommodation establishments rose 5.1% in the first half from the year-earlier period, while overnight staying increased 6.4% on the year, data from the statisti...
Fiscal Council: August Revision To Put Extra Pressure On Future Budgets
Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax...
INS: Romania Unemployment Rate Down To 7.1% In June
Romania's unemployment rate went down to 7.1% in June, from 7.3% in the previous month, seasonally adjusted data from the statistics institute INS showed Thursday.
Romania 1H Budget Deficit Narrows To 0.5% Of GDP
Romania’s consolidated budget posted a deficit of 3.47 billion lei (EUR789 million) in the first six months of 2014, equal to 0.5% of the gross domestic product, Finance Ministry data showed...
Budget Revenue Share Of GDP Down To Four-Year Low
The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total...
Health, Defense, Education Ministries To Get Extra Money At Budget Revision
The Ministries of Health, Defense, Economy, Education, Transport, Labor, Culture And Interior will get extra money at the upcoming budget revision, while funds will be cut from the Finance a...