Macroeconomics
Isarescu: Lenders Should Cut Rates To Boost Demand
Romanian central bank governor Mugur Isarescu said Wednesday that the institution’s move to cut interest rates on its standing facilities should reflect in lower loan rates on the interbank...
BCR: Central Bank Likely To Cut Key Rate In September
Romania’s central bank will likely reduce its key interest rate by a quarter percentage point in September, from a historic low of 5.25% presently, according to estimates from the country’s...
BCR Ups Romania 2013 GDP Forecast To 1.8%
Romania’s largest bank BCR Wednesday revised upward its forecast on the country’s economic growth to 1.8% in 2013, from 1.1% previously, saying it expects higher contribution from agricultur...
Romania Central Bank Cuts 2013 Inflation Forecast To 3.2%
Romania’s central bank Wednesday revised downward its inflation forecast for 2013 to 3.2% from 3.5% previously, reflecting a lower inflationary impact of fuel and volatile prices.
Romanian March Industry Prices -0.4% On Month, +4.5% On Year
Romania’s industrial producer price index inched down 0.4% in March compared with a month earlier, on lower prices in the energy and capital goods sectors, the country’s statistics institute...
INS: First-Quarter Adjusted Retail Sales Inch Up 0.8% On Year
Romanian adjusted retail sales edged up 0.8% in the first quarter of 2013 compared with the year-earlier period, fueled by higher sales in most sectors, the statistics institute INS said Wed...
EC: Romania, One of Three "Evident Candidates" For Exiting Excessive Deficit Procedure
Romania, Latvia and Lithuania are “evident candidates” for exiting the European Union’s excessive deficit procedure, European Commissioner for Economic and Monetary Affairs Olli Rehn told a...
EU Warning: Arrears, Little Progress With State-Company Restructuring May Pressure Romania’s Budget
Local government arrears and limited progress with restructuring Romania’s state-owned companies could result into renewed pressure on the country’s state budget, the European Commission war...
EU Revises Down Romania’s 2014 GDP Growth Forecast To 2.2%
The European Commission revised down its forecast on Romania’s economic growth to 2.2% in 2014 from 2.5%.