Macroeconomics
Basescu Refuses To Sign Memorandum For New IMF Loan Agreement
Romania’s President Traian Basescu said Monday he decided not to sign a memorandum concerning the country’s new loan agreement with the International Monetary Fund, adding that he objects to...
Romania Forex Reserves Fall To EUR32.4B In November
Romanian foreign exchange reserves fell to EUR32.41 billion in November, from EUR34.56 billion a month earlier, central bank data showed Monday.
EU Survey: Romania Economic Sentiment Improves Slightly In November
Investor sentiment regarding the outlook of the Romanian economy inched up 0.5 points in November, amid improved confidence in retail and services, a survey from the European Commission show...
Romania Needs More Efficient Spending, Rather Than More Taxes, BNR Official Says
Romania needs to improve the management of its public expenditure to stimulate economic recovery rather than impose new taxes, which can only slow down the growth rate, a central bank offici...
Business Outlook: Executives See Decline In Constructions In Nov ’13- Jan ‘14
Romanian executives estimate the activity in the construction sector will decline between November 2013 and January 2014 compared with the previous three months, while the other sectors will...
INS: Romania Housing Permits Down 13% On Month To 3,258 In October
Romanian housing permits fell 13% to 3,258 units in October, from 3,746 units a month earlier, the country’s statistics institute INS said Thursday.
Stock Exchange Head Says Romanian Economy Is Too Expensive
Romania’s economy is “too expensive” and has a low level of competitiveness, not unlike its stock market, the head of the Bucharest Stock Exchange said Wednesday.
ING Sees Romania’s Growth Potential At 4%-5% By 2020
Romania’s economic performance is above the region average and the country could reach a growth potential of 4% to 5% a year until 2020, the head of ING Bank Romania said Wednesday.
Olteanu: Romania Should Encourage Savings To Pare Down Deleveraging
The lending resources of Romanian banks can be increased by implementing policies to reduce the budget deficit and encourage savings, a central bank official said Wednesday.