Macroeconomics
Misu Negritoiu Proposed To Head ASF
Misu Negritoiu, chairman of ING Bank Romania, was proposed as president of Romania’s Financial Supervisory Authority ASF, Prime Minister Victor Ponta said Wednesday.
Trend Shift: Foreign Currency Credits Replaced By Leu Lending
Leu-denominated loans to individuals and companies rose in February by the equivalent of 250 million lei (EUR55 million), half the growth clip registered in January, but, despite the slower...
Romania Posts Budget Deficit Of RON3.1B In January-February
Romania’s consolidated budget posted a deficit of 3.1 billion lei (EUR693 million) in the first two months of 2014, equal to 0.46% of the gross domestic product, Finance Ministry data showed...
BNR: Romania Private Lending Extends Decline In February
The lending activity in Romania settled on a downward slope, as demand for loans was scrimpy in the second month of the year, despite interest rate reductions in recent months.
State Paper Yields Hit Fresh All-Time Low In 1Q/2014
The Romanian Government continued to borrow cheaper in the first quarter of 2014, with state paper yields hitting a fresh all-time low during this period.
One Month’s Salary Enough To Buy 15 Staple Food Baskets In Romania
The average net wage in Romania is enough to buy 15 staple food baskets per month, while in Poland and Germany it can buy 25 and 50 food baskets, respectively.
UniCredit Tiriac Bank Expects Romania Will Absorb EUR6B In EU Funds This Year
Romania could absorb this year more Eu funds than in all previous years combined, of EUR6 billion, and reach and absorption rate of around 60% in 2014 and 80% in 2015, said Marius Radu, EU f...
Romania Got EUR10.9B More Than It Contributed From The EU In 2007-2013
Romania received EU funding of EUR21.3 billion in 2007-2013 and paid EUR10.6 billion to the EU, resulting in a positive balance of EUR10.9 billion, Adrian Vasilescu, adviser to the central b...
Construction Sector Generates A Mere 8% Of Romania’s GDP
The construction sector, a EUR8 billion to EUR9 billion business a year, which should have helped Romania’s economy grow during the crisis, contributed a mere 7.9% to the gross domestic prod...