Macroeconomics
Executives Expect Economic Activity To Pick Up In The Spring
Romanian executives estimate the activity in all economic sectors to increase in the February-April period compared with the previous three months, the statistics institute INS said in a sur...
Romania Housing Permits Down 7% On Year To 1,573 In January
Romania authorized construction of 1,573 residential buildings in January, down 7.1% from 1,694 permits issued in the same month of 2013, the country’s statistics institute INS said Friday.
INS: Romania Unemployment Rate Flat At 7.3% In January
Romania's unemployment rate was stable at 7.3% in January compared with the previous month, but up from 7.1% in the same period of 2013, seasonally adjusted data from the statistics institut...
Finance Ministry Mulls Capping Cash Payments For Real Estate Transactions To RON50,000
The Romanian Finance Ministry considers limiting cash payments for houses or cars transactions to RON10,000, like in the case of cash payments between individuals, or even to RON50,000 for r...
GfK: Romanians More Pessimistic About Country’s Economy At The End Of 2013
Romanians were more pessimistic in the fourth quarter of 2013 regarding the country’s economy, according to a Consumer Climate Europe survey conducted by GfK in 14 European countries.
Government Approves Letter Of Intent To IMF Deal
Romanian Government approved the letter of intent to a EUR4 billion loan program with the International Monetary Fund and the European Union and will send the document to President Traian Ba...
Basescu: Letter Of Intent To IMF Deal Must Leave Out Fuel Tax, Debt Aid Scheme
Romanian President Traian Basescu on Wednesday said he will sign the country’s latest letter of intent to a EUR4 billion loan program with the International Monetary Fund and the European Un...
Romania Runs RON1.5B Budget Surplus In January
Romania’s consolidated budget posted a surplus of 1.5 billion lei (EUR228 million) in January, equal to 0.23% of the gross domestic product, Finance Ministry data showed.
EU Sees Romania Economy Growing 2.3% In 2014
Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European C...