Macroeconomics
BNR: Current Account Deficit Narrowed To EUR4.24B In January-November 2012
Romania's current account deficit narrowed to EUR4.24 billion in the first 11 months of 2012, from EUR5.23 billion a year earlier, largely due to a lower income deficit and higher current tr...
World Bank Cuts Romania's Economic Growth Forecast To 1.6% In 2013
The World Bank has revised downward its forecast on Romanian economic growth to 1.6% in 2013 from its previous estimate of 2.8%.
Romania Seeks 3-5 Months IMF Waiver On Structural Reforms
Romanian Prime Minister Victor Ponta Monday said his country has fulfilled all fiscal terms under a EUR3.6 billion loan agreement with the International Monetary Fund due for completion this...
Romania’s Assets Stand At EUR200B, Public Debt At EUR51B, Minister Says
Liviu Voinea, minister-delegate for the state budget, said in an interview for Ziarul Financiar, that the Ponta Government inventoried state assets, both in public institutions and state-run...
Romania’s Wage Costs In 2013 To Exceed Initial Target, Hit 7.3% Of GDP
Romania’s staff expenses this year will exceed the initial target of 7.1% of the gross domestic product to reach 7.3% of the GDP, and will be reduced gradually by 2016 to 6.8% of the GDP, ac...
Average Net Wage Rises To RON1,575 In November
Romanian average net salary rose 1.5% to 1,575 lei (EUR359) in November, from RON1,552 a month earlier, the statistics institute INS said Friday.
Romania Inflation Rises To 4.95% In December, Above Target
Romanian consumer prices inched up 0.6% on the month in December, while the annual inflation accelerated to 4.95% from 4.56% a month earlier, overshooting the upper limit of the central bank...
Romania's 2013 Consolidated Budget: Revenue Seen At EUR46B, Expenses At EUR49B
Romania’s draft state budget for 2013 takes into account a gross domestic product of about EUR140 billion and an exchange rate of 4.5 lei to the euro.
Government Sets Growth Target At 1.8% Of GDP In 2013
Romania’s Government has set its target for economic growth at 1.8% of the gross domestic product this year, Minister-delegate for Budget Liviu Voinea said Thursday.