Macroeconomics
Coface Sees Romania GDP Growth At 1%-1.5% In 2013
Romania's economy is expected to expand by 1% to 1.5% in 2013, according to estimates of Coface rating agency.
Government Wants To Cut Social Security Contributions, Raise Royalties, Property Taxes
Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and incr...
Foreigners Double Investments In Romanian Government Bonds In Five Months
Almost EUR7 billion entered Romania by the end of May in the form of investments in government bonds in lei and euros issued on the Romanian market by the Finance Ministry, according to Trea...
Analysts Skeptical About Romania’s Third IMF Agreement
Analysts are skeptical there will be significant progress in terms of structural reforms. “Romania will continue to promise to do things the IMF way and do whatever it wants.”
Romania Central Bank Says It Intervened To Reduce Leu’s Volatility
The Romanian central bank has been keeping a close eye on the money market to prevent wide currency exchange fluctuations stemming from rapid capital movements, central bank governor Mugur I...
Romania Central Bank Will Do Everything Possible To Balance Loan Rates
Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans...
BNR Revises Down Romania's Inflation Forecast To 3.1% In 2013, 2014
Romania’s central bank has revised slightly downward its inflation forecast for 2013 to 3.1% from 3.2% previously, governor Mugur Isarescu said Wednesday.
Romania 1H Industrial Sales Rise 5.4% On Year
Romanian industrial sales rose 5.4% in the first half of 2013 compared with the year-earlier period, fueled by higher demand for manufactured items, the country’s statistics institute INS sa...
INS: Industrial New Orders Up 8.8% On Year In First Half
Romanian new orders increased by 8.8% on the year in the January-June period, supported by growth in most sectors, the country’s statistics institute INS said Wednesday.