Macroeconomics
Foreign Investors: Romania Unlikely To Reach Pre-Crisis Growth Without Reforms
Romania is unlikely to return to pre-crisis level of growth without major reforms that would boost investment and increase job creation, representatives of the Foreign Investors Council said...
Romania's Power Output Down 2.6% On Year In January
Romania’s energy output fell 2.6% on the year to 1.93 million tons of oil equivalent in January, mainly due to declining production in the thermal power sector, official data showed Thursday...
INS: Average Net Wage Down 8.8% in January
Romanian average net salary fell 8.8% to 1,548 lei (EUR355) in January, from RON1,697 a month earlier, when the salary was largely boosted by one-time bonuses, the statistics institute INS s...
Industry Goes Through Wave Of Closures Affecting Economic Growth
Romania’s industry is dealt blow after blow: chemical plant Oltchim, refinery Arpechim, and steel plants Mechel are falling apart and the Government cannot find solutions. Where is Romanian...
EC Vice-President: Romania Meets Conditions For Excessive Deficit Procedure Repeal
Romania meets conditions for repealing the excessive deficit procedure, with the budget deficit sliding below 3% of the gross domestic product in 2012 and likely to stay below that ceiling i...
Romania 2012 GDP Growth Revised Up To 0.3%
Romania’s economy grew at an annualized rate of 0.3% in 2012, a slightly faster pace than previously estimated, revised data from the statistics institute INS showed Wednesday.
INS: Romania Adjusted Retail Sales Up 4.3% On Month In January
Romanian adjusted retail sales rose 4.3% in January from the earlier month, on higher sales across the board, the statistics institute INS said Tuesday.
Romania Housing Construction Down 4.2% In 2012
Romanian housing construction fell 4.2% to 42,566 units in 2012 from the previous year, due to a decrease in the number of privately-funded units, the country’s statistics institute INS said...
Net Investment In Romanian Economy Rose 12.3% In 2012 To RON75.6B
Romanian net investments rose 12.3% to 75.57 billion lei (EUR17.3 billion) in 2012 compared with the previous year, on increasing activity across the board, the country’s statistics institut...