Macroeconomics
October Industrial New Orders +6.2% On Month, +10.3% On Year
Romanian industrial new orders rose 6.2% on the month in October, fueled by higher demand in all sectors, the statistics institute INS said Friday.
Bayer Is Optimistic About Romania’s Economic Growth
German conglomerate Bayer is optimistic about Romania, as the country is expected to see annual economic growth of 3% to 4% by 2018, said Andreas Schremmer, managing director of Bayer Romani...
Romanian Government Seeks To Entice Oil Companies Not To Hike Fuel Prices After Excise Rise
Romania’s government is trying to persuade oil companies not to hike fuel prices after an increase in fuel excises planned for next year, and offers to delay increases of the share of biofue...
INS: Romania Average Net Salary Inches Higher In October
Romanian average net salary edged up 0.4% to 1,615 lei (around EUR360) in October, from RON1,609 a month earlier, the statistics institute INS said Thursday.
Tanasescu: EIB To Raise Financing For Romania To EUR600-EUR700M In 2014
The European Investment Bank (EIB) has provided financing of nearly EUR500 million to Romania this year, of which some EUR200 million went into the banking sector, said Mihai Tanasescu, EIB...
Parliament Adopts 2014 State Budget
Romania’s Parliament Wednesday adopted the draft laws on the state budget and social security budget for 2014.
Agriculture, Industry Fuel Romania's Economic Growth In 3Q
Romanian economy expanded at a robust 4.1% in the third quarter from the year-ago period, in line with previous estimations, largely fueled by a bumper harvest and growing activity in indust...
Basescu To Propose Alternatives To Raising Excises On Fuels
Romanian President Traian Basescu plans to send back to parliament the 2014 state budget bill and will propose clear alternatives to raising excise duties on fuels, so the country will be ab...
PM: Basescu Won’t Sign IMF Memorandum
Romania’s President Traian Basescu reconfirmed that he will not sign the country’s latest memorandum of understanding with the International Monetary Fund, Prime Minister Victor said Tuesday...