Macroeconomics
Executives Upbeat About Economic Growth In June-August
Romanian executives estimate all major economic sectors will grow over the June-August period compared with the previous three months, with constructions and retail expected to expand at a f...
Romania Has Already Paid EUR1.6B Interest To IMF And EU, Enough For 320 Km Of Highway
Romania’s EUR20 billion rescue package is now eating into the funding that should have gone to highways, railways and hospitals. The central bank and the Finance Ministry got an actual amoun...
Bank Analysts Say Romania Needs New Agreement With IMF As Guarantee For Reforms
Bank analysts say Romania needs a new loan with the International Monetary Fund after the Executive Board of the financial institution completed the last two reviews of Romania’s stand-by lo...
IMF Board Approves Seventh, Eighth Reviews Of Deal With Romania; Program Completed Successfully
The Executive Board of the International Monetary Fund (IMF) Wednesday completed the seventh and eighth reviews of a stand-by loan agreement with Romania and approved the letter of intent se...
Ponta Says All IMF Criteria Met, Expects Program To End Successfully
Romanian Prime Minister Victor Ponta Wednesday said the government has resolved all remaining issues under a EUR3.6 billion loan agreement with the International Monetary Fund and the progra...
Romania To Eliminate About 3,000 Occupied Positions In Central Administration
Romania will lay off employees of ten ministries by eliminating 2,860 occupied positions, or 4% of total staff, and will wipe out vacancies in local and central administration, except vacant...
Romania Budget Deficit Shrinks To 1.05% Of GDP In First 5 Months
Romania’s consolidated budget posted a deficit of 6.56 billion lei (EUR1.46 billion) in the first five months of 2013, equal to 1.05% of the gross domestic product, Finance Ministry data sho...
BRD: Romania Doesn’t Afford Much Fiscal Space For Public Investment
The current fiscal climate in Romania doesn’t afford much space for massive public investment and the country’s only solution would be to become friendlier towards the markets, an official o...
UK Ambassador: Romanian State-Owned Company Sale Process Far From Perfect
The privatization of Romanian state-owned companies has definitely not been a perfect process and Romania must focus on attracting more international investors, UK Ambassador to Bucharest Ma...