Macroeconomics
BNR: Romania FDI Down 8.2% On Year To EUR1.8B In January-October
Romanian foreign direct investment, or FDI, fell 8.2% on the year to EUR1.81 billion in the January-October period, the central bank said Friday.
Romania Current Account Deficit Shrinks To EUR955M In January-October
Romania's current account balance posted a deficit of EUR955 million in the first 10 months, well below a gap of EUR5.33 billion in the year-ago period, central bank data showed Friday.
Romania Should Double Economic Growth To Catch Up With EU, Central Bank Governor Says
Romania should strive to double economic growth to narrow the gap with the other European Union countries, but any potential measures in the area must not upset the 2% balance achieved for t...
Erste: Romania Funding Needs To Fall To RON65B In 2014
Romania’s financing needs for 2014 are estimated at 65 billion lei (EUR14.6 billion), equal to 9.8% of the gross domestic product, Austrian Erste Group Bank AG said in a report Thursday.
Isarescu: Central Bank Is Ready To Cut Reserve Requirements
Romania’s central bank governor Mugur Isarescu said Thursday that his institution is prepared to lower the minimum reserve requirements for both leu and foreign currency liabilities in 2014,...
Isarescu Suggests Euro Adoption Will Only Happen In 2023
Mugur Isarescu, Romania’s central bank governor, took everyone by surprise on Wednesday when he suggested a later adoption of the euro than in any of the scenarios mentioned so far.
Deloitte: Romania GDP Growth Seen Slowing To 2% Next Year
Romania’s economic growth will likely slow to around 2% in 2014, reflecting a weaker contribution from agriculture, consultancy firm Deloitte Consultanta estimated Wednesday.
Romania Inflation Eases Slightly In November
Romania’s annual inflation eased slightly to 1.83% in November, from 1.88% a month earlier, reflecting a modest decline in food prices, official data showed Wednesday.
Former Borussia Dortmund Footballer Is Part Of Romania’s IMF Team
Heiko Hesse, a former professional football player with major German club Borussia Dortmund, is part of the IMF team that handles review missions of Romania’s new loan agreement, being in ch...