Macroeconomics
December Producer Prices +0.1% On Month, -0.1% On Year
Romania’s industrial producer price index inched up 0.1% on average in December compared with a month earlier, on modest price increases in most sectors, the country’s statistics institute I...
Unexpected Rebound In Consumer Spending In December
Retail sales, the best indicator of the trend of consumer spending, unexpectedly rebounded by 6.7% in December, the National Statistics Institute announced on Monday.
Government, IMF Agree On Reinvested Profit Tax Exemption As Of July
Romanian Government agreed with the International Monetary Fund (IMF) to apply the tax exemption on the reinvested profit starting July, Prime Minister Victor Ponta stated.
INS: Tourist Arrivals Up 3.5% On Year In 2013
Arrivals at Romanian tourism accommodation establishments rose 3.5% in 2013 from a year earlier, while overnight staying increased 1.1%, data from the statistics institute INS showed Monday.
Fitch Affirms City Of Bucharest At 'BBB-'; With Stable Outlook
Fitch Ratings on Friday affirmed the main ratings of Romania's capital city Bucharest at 'BBB-', with a stable outlook, reflecting a sound budgetary performance but also a large refinancing...
INS: December Jobless Rate Falls Slightly To 7.1%
Romania's unemployment rate inched down to 7.1% in December 2013, from 7.3% a month earlier, seasonally adjusted data from the statistics institute INS showed Friday.
Romania Economic Sentiment Weakens For 2nd Month In January
Investor sentiment regarding the outlook of the Romanian economy fell for the second consecutive months in December, amid weakening confidence in retail, constructions and industry, a survey...
Romania Might Postpone Raising Excise On Diesel Fuel Another Three Months
Romania's government is considering postponing the introduction of a higher excise tax on diesel fuel by another three months if the option is proven economically viable, Prime Minister Vict...
Romania's 2013 Budget Deficit Stays Within IMF Target Of 2.5% Of GDP
Romania’s government managed to keep the fiscal deficit below the target agreed with the International Monetary Fund in 2013, as the budget gap stood 15.77 billion lei (EUR3.5 billion), or 2...