Macroeconomics
Romania Private Lending Extends Decline In January
The lending activity in Romania remained on a downward slope in January, as demand for loans remains subdued, despite interest rate reductions in recent months.
Romania Draws EUR830 Million In EU Structural, Cohesion Funds
Romania cashed Thursday over EUR830 million in European structural and cohesion funds, most of the sums going to the Sectoral Operational Program – Transport, the European Funds Ministry sai...
Turmoil In Romania's Biggest Neighbor Could Destabilize Entire Region
The turmoil in Ukraine, where more than 100 dead had been reported by Thursday night and political violence seems to have no end in sight, is not affecting Romania economically (its exports...
Non-Residents Hold Over 20% Of State Paper Issued By Romania
Non-residents held a little more than EUR5 billions’ worth of leu and euro-denominated government paper issued on the Romanian market at the end of 2013.
Ford B-Max And Grain Traders Drove Exports And Economic Growth In 2013
Last year’s gross domestic product growth of 3.5% was helped by the 10% rise in exports, which was fueled by Ford, with an estimated increase of EUR1.5 billion on 2012, and the grain traders...
Farming Sector Contributed Half Of 2013’s Economic Growth
Agriculture generated almost half of Romania’s surprising economic growth of last year, 3.5%, after the gross value added in the farming sector increased by 23% year-on-year, according to Eu...
Romania Sets 2019 As New Euro Adoption Deadline
Romania’s government expects the country will meet this year all the Maastricht criteria to converge to the euro area and set the year 2019 as a self-imposed deadline for the euro adoption.
Erste: 2013 GDP Performance Above Expectations, But Consumption Stalls
Romania’s strong economic performance in 2013 reflects excellent contributions from agriculture and exports, but domestic consumption remains subdued, a note from Austrian Erste Group Bank A...
Romania 4Q GDP Expands At Fastest Pace In EU
The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday.