Macroeconomics
Six Government Institutions Fail To Agree On Actual Staff Number In Romania
Confusion as to how many employees there are in Romania increased at the end of last week after a report of the National Trade Union Bloc, one of the most powerful trade union organizations...
Finance Ministry Undervalued Impact Of Tax Exemption On Reinvested Profit On Budget
The Finance Ministry has significantly underestimated the impact of the tax exemption on reinvested profit on the budget, at 600 million lei (EUR136 million), instead of RON2 billion, Ionut...
Fiscal Council: Social Security Tax Cut Difficult If Collections Stay Low
Romanian government’s planned five percentage-point reduction of the social securities tax will be difficult to achieve considering the low level of tax collections to the state budget, the...
INS: Industrial New Orders Up 15.8% In First Quarter
Romanian industrial new orders rose 15.8% on the year in the first quarter, on higher demand in all sectors, the statistics institute INS said Friday.
Romania Industrial Sales Up 13.5% YoY In 1Q
Romanian industrial sales rose 13.5% in the first quarter compared with the same period of 2013, after a solid growth in March, the country’s statistics institute INS said Friday.
Romania Ranks First In EU By Sunflower Production, Internet Speed And Highway Costs
As the European Union celebrates Europe Day this Friday, ZF has identified a number of indicators showing where Romania stands compared with the other European Union members.
Major Foreign Banks Cut Exposure To Romania By 20% In 5 Years
The foreign banks that participated in the Vienna Initiative and that hold around two thirds of the Romanian banking system's assets narrowed their exposure to local subsidiaries by 20% betw...
BNR Chief Says Domestic Demand Is Picking Up
Retail activity in Romania accelerated in the first quarter amid stronger domestic demand, particularly in the auto industry, central bank governor Mugur Isarescu said Thursday.
Romania Economy Ready To Stand On Its Own, Isarescu Says
Romania has made sufficient progress to sustain economic growth without further help from its international creditors, central bank governor Mugur Isarescu said Thursday.