Macroeconomics
Budget Minister Says Sovereign Rating Upgrade On The Way
Having just returned from a trip to Washington where he met with the officials of the S&P and Moody’s ratings agencies, Budget Minister Liviu Voinea says chances are Romania will get a ratin...
Labor Market, Unable To Pick Up After 5 Years Of Crisis
The higher-than-expected economic growth registered last year did not translate into a labor market revival: salary hikes were insignificant, the number of employees in the economy added jus...
UniCredit: Weak Revenue Collections Hinder Social Security Tax Cut
Romania’s weak revenue collections in the first months of the year will likely limit the scope for a reduction of the social security contributions, even though the fiscal measure would incr...
Erste: Romania GDP To Exceed 2008 Level This Year
Romania’s economy will likely exceed its 2008 level for the first time this year, fueled by domestic demand and strong industrial output, according to estimates from Austrian lender Erste Gr...
Romania Taps Foreign Bond Market For EUR1.25B
Romania’s Finance Ministry on Tuesday raised EUR1.25 billion at a 10-year Eurobond sale in international markets, with the annual yield falling to a record low of 3.7% a year.
Romania’s Agricultural Sector To See EUR19 Billion Inflow Until 2020
Agriculture has reached its extensive growth ceiling and will direct the EUR8 billion in EU funds made available to it in 2014-2020 to intensive production and processing systems in the next...
Ponta: Romania To Introduce Tax Exemption On Reinvested Profit As Of July 2014
Romania will introduce a tax exemption on reinvested profit starting July, 2014, on the basis of an emergency ordinance drawn up by the Finance Ministry, Prime Minister Victor Ponta said Tue...
Eurostat: Romania February Industrial Output Falls At 3rd Fastest Pace In EU
Romania’s industrial production fell 1.3% on the month in February, the third largest decrease in the European Union, official data showed Monday.
Foreign Investments Rise 35.6% To EUR282M In January-February
Romanian foreign direct investment, or FDI, rose 35.6% on the year to EUR282 million in the first two months of the year, the central bank said Friday.