Macroeconomics
IMF Sees Modest Growth In Romania In 2013, Urges More Action
Romania’s economy is expected to post a modest growth of around 1.5% in 2013, after zero or very low growth a year earlier, an official of the International Monetary Fund said Tuesday.
IMF: Romanian Loan Deal Neither On Track Nor Off
Romania has missed some of the fiscal targets assumed under a EUR3.6 billion loan agreement with the International Monetary Fund, but the government is taking corrective actions to achieve i...
IMF Arrangement At A Turning Point: Reforms Are Stalling, Economy Has Yet To Rebound
The precautionary arrangement that Romania sealed with the International Monetary Fund in the spring of 2011 and which was supposed to end in April 2013 has reached a turning point: Romania...
IMF OKs In Principle Extension Of Romania EUR3.6B Loan Program
The International Monetary Fund has agreed in principle to a two-month extension of Romania’s EUR3.6 billion precautionary loan agreement due for completion in late April, Romanian Prime Min...
Business Outlook: Activity Seen Falling In Constructions, Services and Retail In 1Q
Romanian companies expect the construction sector will continue decline in the first quarter of the year compared with the previous three months, while activity in retail and services will b...
Romania Issued 4% Fewer Housing Permits In 2012
Romanian housing permits fell 4% on the year to 37,863 units in 2012, the country’s statistics institute said Monday.
Romania Has Assets Worth RON806B, But They Are Not Efficiently Used
Romania’s total assets reached 806 billion lei (around EUR185 billion) at the end of September 2012, according to data published in the Government’s report regarding the 2013 state budget. T...
Slow Economic Activity, EU Funding Freeze Widen Romania’s 2012 Budget Gap
The freeze on EU funding and the sluggish economic activity widened Romania’s budget gap in 2012, causing the country to miss its budget deficit target agreed with the International Monetary...
Romania’s Budget Deficit Reaches 2.5% Of GDP In 2012
Romania’s consolidated budget posted last year a deficit of 14.8 billion lei (EUR3.8 billion), representing 2.5% of the gross domestic product, the Finance Ministry said Friday.