Macroeconomics
Average Net Salary Down Almost 2% In August
Romanian average net salary fell 1.9% to 1,604 lei (EUR362) in August, from RON1,635 a month earlier, the statistics institute INS said Monday.
Romania Industrial Sales Fall 10.4% On Month In August
Romanian industrial sales fell 10.4% in August from a month earlier, due to declining demand in all sectors, the country’s statistics institute INS said Monday.
INS: Romania January-August Power Output Down 7.2% On Year
Romanian energy output fell 7.2% on the year to 14.09 million tons of oil equivalent in the first eight months, hurt by falling production in the thermal sector, official data showed Monday.
Romania Economy Grew As Expected In 1H
Romania’s gross domestic product grew 1.8% in the first half of 2013 compared with the year-earlier period, in line with previous estimations, official data showed Monday.
Ponta: Romania Will Have Lower-Than-Expected Budget Revenues In 2013
Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and bec...
Romania Might Either Lower Social Security Contributions Or Increase Nontaxable Wage Base In 2014
Romania’s Government wants to apply softer fiscal measures on the labor market next year and is considering either lowering social security contributions or eliminating the 16% income tax on...
IMF: Romanian Authorities Must Resist Pressure For Populist Measures
Pressure to adopt populist measures is on the rise in Romania after the country exited excessive deficit procedures in June and authorities must resist them to avoid reversing earlier diffic...
IMF: Political Tensions Could Put Romanian Reforms At Risk
Romania could miss some of its targets assumed under a EUR2 billion follow-up agreement with the International Monetary Fund because of political risks, particularly prior to the presidentia...
Romania Will Get To 2008 GDP Level Only In 2014
Romania’s real GDP will return to the pre-crisis level in 2014, after six years and after borrowing EUR20 billion from international lenders. The country’s the public debt has doubled in the...