Macroeconomics
Isarescu: Economy Held Down By Fiscal Policies; Monetary Easing Not A Big Help
Romania’s fiscal policy might still be procyclical and it doesn’t really help the economy, central bank governor said Wednesday, mentioning that a more relaxed monetary policy would not help...
Romania Runs Budget Deficit Of RON2.44B In Jan-Feb
Romania’s consolidated budget posted a deficit of 2.44 billion lei (EUR552 million) in the first two months, equal to 0.39% of the gross domestic product, Finance Ministry data showed Tuesda...
Romania Private Lending Falls 0.6% To RON222.7B In February
Romanian private lending fell 0.6% in real terms to 222.7 billion lei (EUR50.5 billion) in February, from RON223.4 billion a month earlier, central bank data showed Tuesday.
Garanti Bank Expects Romanian GDP To Grow 1.7% In 2013
Romania’s economy will likely increase by 1.7% in 2013, from a meager growth of 0.3% a year earlier, helped by stronger investments and a higher absorption rate of European funds, according...
IMF Approves Three-Month Extension Of Romania Stand-By Loan
The International Monetary Fund approved a three-month extension of the EUR3.6 billion stand-by loan for Romania until the end of June, the fund said in a statement Wednesday.
BCR: Romanians' Financial Assets 13 Times Lower Than Germans'
The financial assets of a Romanian, which are generally illiquid assets, are 13 times lower than a German’s, which raises serious questions regarding the financial resources Romanians will e...
Ponta Says 2015 No Longer A Credible Target For Romania’s Euro Adoption
Prime Minister Victor Ponta said the year 2015 is no longer a credible target for Romania’s joining the eurozone, adding the country's euro adoption process might be finalized sometime near...
Basescu Says Romania Can Get Extra EUR9B At EU Fund Allocation For 2014-2020
President Traian Basescu said Friday, at the end of the European Council meeting, that upcoming talks in the European Parliament (EP) as regards making European funds more flexible will allo...
Voinea: Romania To Pay Higher Interests If IMF Deal Halted
Romania would be exposed to increased financial risks and would pay higher interests if it were to cut short its EUR5 billion loan agreement with the International Monetary Fund and the EU,...