Macroeconomics
BNR Will Cut Key Rate Only If Inflation Enters Target Band
Romania’s central bank pledged it would not further reduce the monetary policy rate if inflation stays above the targeted level, according to the final version of the country’s letter of int...
Foreign Banks' Exposure To Romania Fell To $46.4B In 1Q
Foreign banks cut their exposure to Romania by more than $3.3 billion to $46.44 billion in the first quarter of 2013, data from the Bank for International Settlements showed.
AmCham: Romania Must Continue Efforts To Increase Economic Competitiveness
Romania’s economy is among the most uncompetitive in the European Union and the country must adopt public policies and strategies to support economic development and increase competitiveness...
Fitch Affirms Romania At BBB-, With Stable Outlook
Fitch Ratings Friday affirmed Romania’s long-term foreign currency default rating at BBB-, with stable outlook, as the country has consolidated its public finances successfully and reduced e...
Voinea: Romania Won’t Raise Taxes, Contributions On Copyright, Self-Employment Income
The Romanian Government does not plan to increase taxes or social security contributions on intellectual property and self-employed income, the Minister-delegate for Budget Liviu Voinea said...
Fiscal Council: Tax Evasion In Romania At RON81B In 2012, Or 14% Of GDP
Tax evasion in Romania climbed about 3 basis points since the beginning of the crisis to 14% of the gross domestic product in 2012, from 11.2% of the GDP in 2008, according to a report by th...
Decline In Consumer Loan Stock Is Bad For The Economy
Consumer loan stock fell by the equivalent of 21 billion lei (EUR4.6 billion) in July, from the record high reached in February 2009, when the financial crisis hit Romania.
ANOFM: Romania Unemployment Rate Down To 5.03% In August
Romania's unemployment rate fell slightly to 5.03% in August, from 5.29% a month earlier, the country’s employment agency ANOFM said Wednesday.
Government Approves Letter Of Intent To EUR4B Precautionary Loan With IMF- Sources
The Romanian Government approved in its Wednesday meeting the final form of the letter of intent to a EUR4 billion precautionary loan agreement with the International Monetary Fund (IMF), pe...