Macroeconomics
Romania January-April Trade Gap Widens To EUR1.75B
Romania’s trade deficit widened to EUR1.75 billion in the first four months of 2014, from EUR1.67 billion a year earlier, the country’s statistics institute INS said Tuesday.
Romania April Industrial Sales Fall 4.3% On Month
Romanian industrial sales fell 4.3% in April from a month earlier, on declining demand in all sectors, the country’s statistics institute INS said Tuesday.
INS: Average Net Wage Rises 1.7% In April
Romanian average net salary rose 1.7% to 1,735 lei (EUR394.6) in April, from RON1,706 a month earlier, the statistics institute INS said Friday.
EU: Romania Not Yet Ready To Join Eurozone; Next Review In Two Years
Romania doesn’t meet all the five criteria required to join the euro area, a report from the European Commission showed Wednesday.
PM: Romania Not To Levy New Taxes To Offset Planned Cut In Social Security Contributions
Romanian Prime Minister Victor Ponta said Wednesday that the government will not impose new taxes to offset the planned lowering of the social security contributions.
Romania To Raise 2014 Budget Deficit Target, PM Says
The Romanian government will raise its budget deficit target for this year to 2.4% of the gross domestic product to allow for more spending on defense programs, Prime Minister Victor Ponta s...
First Quarter Net Investment Down 7.4% On Year To RON11.2B
Romanian net investments fell 7.4% to 11.23 billion lei (EUR2.55 billion) in the first quarter of 2014 from the year-earlier period, held back by falling activity in constructions and fewer...
Romania 1Q GDP Growth Fueled By Industry, Retail
Romanian economy grew 3.8% in the first quarter from the year-ago period, in line with previous estimations, largely fueled by industry and growing activity in the retail and IT&C sectors, t...
Romania Retail Sales Break Rising Trend in April, After Fuel Price Increases
Romanian adjusted retail sales fell 3.2% in April from the earlier month, the first monthly decrease after a strong first quarter of the year for domestic consumption, data from the statisti...