Macroeconomics
BNR Sees 2013 Inflation Above Target Interval
The Romanian central bank (BNR) informed the International Monetary Fund it will likely miss the inflation target for 2013 as well, after failing in six of the previous eight attempts, offic...
Romania Asks IMF For Extension Of Loan Arrangement
Romanian authorities asked the International Monetary Fund for an extension of the country’s EUR3.6 billion loan arrangement that will expire in April, to get more time to fulfill its commit...
The Real Governing Program: When Inflated Expectations Clash With Reality
The revised fiscal-budgetary strategy for 2013-2015 can be considered a new governing program of the Ponta 2 Government and one closer to reality. Future policies will most likely be built a...
BCR Sees Romania 2012 Budget Gap At 3.3% Of GDP, Above EU Requirement
Romania’s consolidated general budget posted a deficit in ESA95 terms of 3.3% of the gross domestic product in 2012, above the 3% of GDP limit agreed with the European Commission, according...
BCR: Romania 2013 GDP Growth Forecast Unchanged At 1.1%
Romanian leading bank BCR Thursday maintained its forecast on the country’s economic growth unchanged at 1.1% in 2013, but said that a better-than-expected harvest and good retail and servic...
BNR: Romania Private Lending Down 3.5% To RON225.9B In 2012
Romanian private lending fell 3.5% in real terms to 225.87 billion lei (EUR51.7 billion) in December 2012, compared with the same month a year before, central bank data showed Thursday.
Parliament To Debate 2013 Budget On February 5
Romania’s Parliament will debate the draft laws on the state budget and social security budget for 2013 on February 5, Chamber of Deputies Speaker Valeriu Zgonea said Wednesday.
Romania 2012 GDP Growth Revised Down To 0.2%
Romania’s government has revised downward its estimate on the 2012 economic growth to 0.2% from 0.7% previously, according to the country’s Fiscal Strategy for 2013-2015.
Romanian Government Approves Draft Budget For 2013 - Sources
Romania’s Government on Wednesday approved the draft state budget for 2013, which will be sent to the Parliament for debates and a final vote, said people close to the matter.