Macroeconomics
Romania Budget Deficit Widens To RON7.92B In January-August
Romania’s consolidated budget posted a deficit of 7.92 billion lei (EUR1.77 billion) in the first eight months of 2013, equal to 1.27% of the gross domestic product, Finance Ministry data sh...
Confidence In Romanian Economy Reaches 16-Month High
The confidence in the Romanian economy climbed to a 16-month high thanks to an improvement in perception of conditions in the current business environment, according to the macroeconomic con...
Analysts: BNR Likely To Cut Key Rate To 4.25% Next Week
The Romanian central bank could cut its monetary policy rate by 25 basis points to 4.25% in a Board meeting scheduled for September 30, according to a survey released Tuesday by the associat...
How Much Romania Pays To Foreign Banks When It Taps Foreign Markets
The fees paid by Romania to managers of external bond issues went from several hundred thousand euros to over one million euros.
BNR's Olteanu: Romania Central Bank Has Moral, Legal Duty To Buy Gold At Best Price
The Romanian central bank has a “moral and legal duty” to purchase gold at the best market price and any future acquisition will me made according to the highest standards, deputy governor B...
Romania’s Public Debt Doubles In Five Years To Over EUR50B
Romania’s domestic and external public debt sped up during the five years since the crisis began, and has now more than doubled compared with the end of 2008, to over 250 billion lei (EUR56...
Romania Pledges Action To Rein In Deficit, Increase Revenue
The Romanian government has pledged to take additional measures to keep the country’s budget deficit below 2.3% of the gross domestic product this year following lower-than-estimated revenue...
Fitch Rates Romania's EUR1.5B 2020 Eurobond 'BBB-'
Fitch Ratings Tuesday assigned Romania's EUR1.5 billion euro-denominated bond, due September 18, 2020, a 'BBB-' rating, the agency said in a statement.
IMF To Discuss Extending New Loan To Romania September 27
The executive board of the International Monetary Fund will discuss Romania’s request for a EUR2 billion two-year loan facility on September 27, according to the Board’s calendar.