Macroeconomics
Romania's Statistical Unemployment Anomaly
Romania has a jobless rate of only 7%, despite having less than a third of its population employed (6 million people informally or legally employed, at a population of 20 million), while Spa...
Romania Private Lending Further Down In May
Romanian private lending went down 0.6% on the month in real terms to 216.9 billion lei (EUR49.4 billion) in May, due to fewer loans in foreign currency, central bank data showed Thursday.
BNR To Cut Reserve Requirements Tuesday - Sources
The Romanian central bank will lower the reserve requirements for foreign currency deposits at its next monetary policy meeting July 1, following a series of recent monetary easing policies...
Europe’s Low Bank Deposit Rates Could Lead To New Real Estate Boom
The low interest rates on bank deposits across Europe could prompt depositors to move their money into real estate assets, which in turn might lead to a new speculative property bubble, Roma...
Fiscal Council: 2019 Target Date For Joining Euro ‘Unrealistic’
Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru...
Romania Needs More Fiscal Measures To Offset Social Security Cut
Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce it...
Why Romanian Plants Cannot Be Saved From Closing
No Romanian entrepreneur has the financial strength to buy a EUR100 million plant, while the lack of funding and a business environment that is unfriendly to Romanian investors prevent them...
Romania Borrows EUR1B From World Bank For Fiscal, Health Projects
Romania’s Finance Ministry has borrowed EUR1 billion from the International Bank for Reconstruction and Development to finance fiscal policies and healthcare projects, the ministry said in a...
Romania 1Q Labor Costs Rise At 3rd Fastest Pace In EU
Total hourly labor costs in Romania rose 5.3% on the year in January-March, the third largest increase in the European Union, official data showed Tuesday.