Macroeconomics
Isarescu Appointed For New Term As Central Bank Governor
The Romanian parliament on Monday appointed Mugur Isarescu for a new five-year term as governor of the central bank, a position he has been holding for the past 24 years.
EXCLUSIVE: Romania Seeks Ways To Offset Lower Revenues Due To Planned Social Security Tax Cut
The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in th...
IMF Likely To Delay Romania Loan Review Until Fall
The International Monetary Fund will likely delay until the fall its report on Romania’s progress under a EUR2 billion precautionary loan deal, after the fund’s review mission and the govern...
Romania And IMF Fail To Agree On Cutting Social Security Tax As Of July 1-Sources
The Romanian Government and the International Monetary Fund (IMF) have failed to reach an agreement on the lowering of the social security contributions by five percentage points as of July...
INS: January-April Power Output Down 3.6% On Year
Romanian energy output fell 3.6% on the year to 7.17 million tons of oil equivalent in the first four months of 2014, hurt by declining production in the coal and oil sectors, official data...
Romania Inflation Hits New Record Low Of 0.94% In May
Romanian consumer prices were roughly unchanged in May from a month earlier, but the annual inflation eased to an all-time low of 0.94%, from 1.2% a month earlier, official data showed Thurs...
INS: April Industrial Output -0.3% On Month, +5.9% On Year
Romanian adjusted industrial production inched down 0.3% in April compared with a month earlier, but was up 5.9% from the year-ago period, the country’s statistics institute INS said Wednesd...
World Bank Ups Romania Growth Outlook To 2.8% In 2014
The World Bank has revised upward its forecast on Romanian economic growth to 2.8% in 2014 and 3.2% in 2015, the bank said in its latest global economic prospects report.
INS: Industrial New Orders Down 8.5% On Month In April
Romanian industrial new orders declined 8.5% on the month in April, due to lower demand in all sectors, the statistics institute INS said Tuesday.