Macroeconomics
INS: Industrial Sales Down 3.4% On Month In November 2013
Romanian industrial sales fell 3.4% in November 2013 from the previous month, but were up 2.5% compared with the year-earlier period, the country’s statistics institute INS said Thursday.
Romania Trade Deficit Narrows To EUR5.2B In Jan-Nov ‘13
Romania’s trade deficit narrowed to EUR5.2 billion in the first eleven months of 2013, as exports rose faster than imports, official data showed Thursday.
BNR Still Has Room To Ease Monetary Policy, Governor Says
The Romanian central bank still has room to ease the monetary policy, as the minimum reserve requirements and the key rate are rather high compared with the other countries in the region, go...
Isarescu: Banks Aggresively Cut Short-term Deposits Rates, But Kept "Attractive" Long-term Interests
Romanian banks have cut the interest rates for short-term deposits, but the rates for longer term savings are still attractive compared with the ones offered on the international markets, ce...
Isarescu: Leu Should Fall, But I’m Afraid It Won’t Happen
The Romanian leu should fall after the lowering of the key rate and the reserve requirements, central bank governor Mugur Isarescu said Wednesday, adding that such a scenario is not certain.
Romania Central Bank Cuts Key Rate By 25 Bps To All-time Low Of 3.75%
Romania’s central bank Wednesday cut the key monetary policy rate by 25 basis points to a record low of 3.75%, in a move aimed at restarting a sluggish lending activity.
Romania’s Gold Reserves Lost $1.5B In Value In 2013
The reduction by almost 30% of the international gold prices in 2013, a first for the past 12 years, cut deep into the value of major central banks’ reserves, which piled up during the crisi...
INS: Romania Unemployment Rate Flat At 7.3% In November 2013
Romania's unemployment rate was stable at 7.3% in November compared with the previous month, but up from 6.7% in the same period of 2012, seasonally adjusted data from the statistics institu...
Romania Retail Sales Inch Lower In November
Romanian adjusted retail sales edged down 0.2% in November 2013 from the earlier month, due to lower sales of fuels and food products, the statistics institute INS said Wednesday.