Macroeconomics
INS: Romanian January PPI +1% On Month, +5.7% On Year
Romania’s industrial producer price index rose 1% in January compared with December 2012, helped by higher prices for the domestic market, the country’s statistics institute INS said Monday.
Germany Deals Heavy Blow To Romania’s Schengen Hopes
Germany forgets that it does EUR9B worth of business in Romania and rejects Romania’s Schengen entry in a political statement. The costs of the postponement amount to hundreds of millions of...
Romania Forex Reserves Rise To EUR32.2B In February
Romanian foreign exchange reserves rose to EUR32.17 billion in February, from EUR31.46 billion a month earlier, central bank data showed Friday.
INS: Romania Housing Permits Down 2.2% On Year In January
Romania issued 1,694 buildings permits for residential projects in January, down 2.2% on the year, the statistics institute INS said Thursday.
Managers Expect Increases In Constructions And Manufacturing Activity In Feb-Apr
Romanian companies expect activity will pick up in the construction and manufacturing sectors between February and April, while operations in retail and services are seen rather stable, the...
Isarescu: Government Should Limit Procyclical Fiscal Policies
Governments’ interventions in a market economy may help reduce the negative effects of economic and social constraints during one economic cycle or another, but, unless its interventions are...
AmCham: ANAF Reorganization May Increase Romania’s Tax Collection Rate By 6% Of GDP
Restructuring tax authority ANAF may increase Romania’s tax collection rate by 5%-6% of the gross domestic product, from 31-32% of the GDP currently, according to the American Chamber of Com...
Romanian State Budget Loses RON301M Following Company Insolvencies In 2012
Company insolvencies last year and in 2013 had an impact of about 301 million lei (EUR69 million) on the Romanian state budget, according to tax authority ANAF.
Romania Runs RON1B Budget Surplus In January
Romania’s consolidated budget posted a surplus of 1 billion lei (EUR228 million) in January, equal to 0.17% of the gross domestic product, Finance Ministry data showed Monday.