Macroeconomics
Official: Romania Must Satisfy EU Recommendations Whether It Signs Memorandum With IMF Or Not
Romania must observe the recommendations made by the European Council regarding structural reforms and fiscal measures, regardless of whether it signs the memorandum agreed with the Internat...
IMF Loan Review Delay To Have Limited Impact On Markets - Analysts
A likely delay in the approval of the International Monetary Fund’s review of its loan program with Romania should have limited impact on the markets, as the country has no intention to draw...
Romanian President, PM To Discuss IMF Memorandum Later Tuesday
Romanian President Traian Basescu will meet a delegation headed by Prime Minister Victor Ponta later Tuesday to settle a dispute regarding the country’s latest memorandum of understanding wi...
IMF Board Delays Meeting On Romania’s Loan Review
The Executive Board of the International Monetary Fund will likely postpone until March next year a meeting to discuss Romania’s progress under a EUR2 billion loan program, after the Romania...
Romania 3Q Net Investment Down 10% On Year To RON17.8B
Romanian net investment fell 10% to 17.82 billion lei (EUR4.01 billion) in the third quarter from the year-earlier period, on declining activity in most sectors, the country’s statistics ins...
October Industrial Producer Prices -0.3% On Month, -0.7% On Year
Romania’s industrial producer price index inched down 0.3% on average in October compared with a month earlier, on lower energy prices, the country’s statistics institute INS said Tuesday.
INS: Housing Construction Down 8.1% In Third Quarter
Romanian housing construction fell 8.1% to 9,734 units in the third quarter from the year-earlier period, due to declining activity across the board, official data showed Tuesday.
Romania Adjusted Retail Sales Inch Higher In October
Romanian adjusted retail sales edged up 0.4% in October from the earlier month, fueled by higher sales of food and drinks, the statistics institute INS said Tuesday.
Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion
Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, inclu...