Macroeconomics
Romania Mulls Euro-denominated Bonds To Refinance Debt
Romania pursues a strategy of issuing liquid benchmark bonds and refinancing treasury bills via euro-denominated bonds to improve its public debt management, Budget Minister Liviu Voinea sai...
INS: Foreign Tourists Spent EUR1.08B In Romania In 2013
The 1.71 million foreign (non-resident) tourists who traveled to Romania in 2013 spent a total 4.79 billion lei (EUR1.08 billion), mostly on accommodation, according to data released Monday...
Foreign Investment Up 8% To EUR244M In January, BNR Data Shows
Romanian foreign direct investment, or FDI, rose 8% on the year to 244 million euro in January, the central bank (BNR) said Monday.
Romania Runs EUR388M Current Account Surplus In January
Romania's current account balance posted a surplus of 388 million euro in January, higher than EUR267 million in the same month of 2013, helped by a surplus in the services and current trans...
Romania Posted Food Trade Surplus In 2013, First Time In 20 Years
Romania had a food trade surplus in 2013, for the first time since 1994, of EUR324.9 million, from a deficit of EUR745.5 million in 2012.
Finance Minister: Romania Might Keep Flat Tax For Businesses Only As Of 2015
Romania's 16% flat tax will remain unchanged this year but could be kept for businesses only starting 2015, while individuals would play differentiated income taxes, said Finance Minster Ioa...
INS: Romania Construction Works Fall In January
Romanian construction works fell 4.3% in January from a month earlier, due to declining activity in all sectors, the statistics institute INS said Wednesday.
Romania Trade Deficit Narrows To EUR249M In January
Romania’s trade deficit narrowed to EUR249 million in January, from EUR298.8 million in the same month a year before, as exports rose faster than imports, official data showed Wednesday.
Ben Terra, EY Netherlands: Romania Needs To Speed Up VAT Refunds And Have Clearer Legislation To Attract Investors
The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax...