Macroeconomics
Tiriac: Romania Needs Vision To Help Its Economy In Long Run
The privatization of a state-run company can be done even with one leu, one euro or even by paying an investor, but what counts the most is a company’s profitability and its long-term impact...
Romania Central Banker Explains Why Companies’ Losses Hinder Economic Growth
The losses amassed by companies in Romania hinder the country’s economic growth, according to an analysis by central bank deputy governor Florin Georgescu.
EU Sees Romania’s Unemployment Rate At 6.9% In 2013, At 6.8% In 2014
The European Commission expects Romania’s unemployment rate to reach 6.9% in 2013 and 6.8% in 2014, according to the Commission's winter forecast report unveiled Friday.
EU Sees Romania Economy Growing 2.5% In 2014
The European Commission expects Romanian economic growth will accelerate to 2.5% in 2014 after a modest increase of 1.6% this year, mainly fueled by domestic demand.
Foreign Companies Account For 40% Of Overall Turnover And GDP, With Only 23% Of Employees
The turnover per employee exceeded EUR100,000 per person in foreign companies in 2011, almost double as high as for the entire economy.
Oil, Cigarettes And Central Bank Generate 15% Of Romania’s Budget
Romgaz and BNR (Romania’s central bank) are the only Romanian entities among the ten largest taxpayers in this country.
U.S. And UK Investors Bought 80% Of Romania’s Dollar-Denominated Bonds
Investors in the U.S. and the UK bought almost 80% of the $1.5 billion bonds that Romania issued on Thursday on the US market, but the US-denominated bonds also generated interest among Germ...
Romania’s Average Net Wage Rises Four Times In 10 Years
Romania’s average net wage reached 1,513 lei per month in 2012, four times as much as the ten years ago. But while the average net wage went up by 300% between 2002 and 2012, inflation rose...
Romania GDP Growth Slows To 0.2% In 2012
Romania’s economy grew by a meager 0.2% in 2012, a considerable slowdown on the previous year, hurt by a feeble harvest and falling exports to European markets.