Macroeconomics
Romania Housing Permits Up 2% To 17,749 In First 6 Months
Romanian housing permits rose 2% on the year to 17,749 units in the first year-half, the country’s statistics institute INS said Monday.
EXCLUSIVE: Romania To Hike Apartment Tax, Cut Tax On Large Homes
The tax on apartments located in buildings more than three stories high, which include eight housing units, and on dwellings located in old buildings more than 30-50 years old will see a sli...
Business Outlook: Executives Expect Growth In All Sectors In 3Q
Romanian managers expect activity in all economic sectors to grow in the July-September period compared with the previous three months, the statistics institute INS said in a survey Monday.
EBRD, EIB And IFC Propped Romanian Financial Sector With EUR400M In 1H
The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Roman...
BNR: Romania Private Lending Inches Down 0.4% In June
Romanian private lending went down 0.4% on the month in real terms to 215.4 billion lei (EUR48.5 billion) in June, amid a further decline of foreign currency loans, central bank data showed...
PM: Social Security Tax Cut To Be Offset By Taxes On New Jobs, VAT For New Investments, Insolvency
The social security tax cut can be compensated by measures such as extra receipts from social contributions for new jobs, additional VAT cashing on new potential investments, the recovery of...
Garanti Bank Ups Romania 2014 GDP Growth Forecast To 2.9%
Garanti Bank Romania has revised upward its forecast on the country’s economic growth to 2.9% in 2014, from 2.6% previously, citing a better-than-expected performance during the first quarte...
IMF Says Romania Needs Clear Measures To Offset Social Security Tax Cut
Romania’s planned social security tax cut is poised to help reduce the burden on labor and stimulate employment, but the authorities should present a clear set of measures aimed at offsettin...
EBRD Delegation Visits Romania
A delegation from the European Bank of Reconstruction and Development’s Board of Directors is on a four-day mission in Romania, the bank said in a statement Tuesday.