Macroeconomics
Ponta: Romania Likely To Receive Less Money At EU Fund Allocation For 2014-2020
Prime Minister Victor Ponta said Wednesday the funds allotted by the European Union to Romania for the 2014-2020 period will probably be lower compared to the European Commission’s initial b...
Romania 2012 Industrial Sales Rise 3.1% On Year
Romanian industrial sales rose 3.1% in 2012 from a year earlier, fueled by increases in all sectors, the country’s statistics institute INS said Wednesday.
Industrial New Orders Up 1.1% On Year In 2012
Romanian industrial new orders inched up 1.1% on the year in 2012, boosted by higher demand in most sectors, the country’s statistics institute INS said Wednesday.
Isarescu: Banks Still Very Much Stuck In Consumer Lending
The major problem of banks in Romania is that they are very much stuck in consumer lending and have not developed their capability to finance the entrepreneurial sector, believes central ban...
Adrem Invest: A Country’s Economy Is Made Of Major Projects, Not Production Of Screws
Adrem Invest, a Romanian-held company specializing in industrial equipment, says state support for Romanian companies in major international auctions can be key to developing the local indus...
Isarescu: Lower Interest Rates To Depress Domestic Savings
A lower monetary policy rate would discourage domestic savings, while hurting economic growth, Romanian central bank governor Mugur Isarescu said Tuesday.
BNR Sees Inflation Peaking Near 6% In 1H
Romania’s annual inflation is expected to accelerate up to 6% in the first half of 2013 before easing toward the 3.5% upper end of the central bank’s target range, governor Mugur Isarescu sa...
Romania Central Bank Holds Key Rate At 5.25%
Romania’s central bank kept its key rate unchanged at 5.25% for the seventh consecutive meeting Tuesday, in line with expectations, despite a weakening economy.
Romania December Retail Sales Fall At Fastest Pace In EU
Romanian retail sales fell 3.2% in December from the previous month, the largest decrease in the European Union, official data showed Tuesday.