Macroeconomics
Ponta: Romania’s Economic Growth Forecast At 2% In 2013
The Romanian Government envisages an economic growth forecast of around 2% of the gross domestic product GDP in 2013, Premier Victor Ponta said Wednesday.
Ponta II Government Has EUR13 Billion To Repay In Four Years
The Ponta II Government will be faced with the repayment of the bulk of the record EUR19 billion loan that Romania took out from foreign lenders. The loan was approved in 2009 during the Dem...
Romania Sets Up Financial Supervisory Authority
Romania’s Government on Tuesday approved a draft emergency ordinance setting up the Financial Supervisory Authority (ASF), Prime Minister Victor Ponta said Tuesday.
IMF Team To Visit Romania Around January 10
Joint teams from the International Monetary Fund, the EU and the World Bank will come to Bucharest around January 10 to review Romania’s progress under a EUR5 billion loan agreement and disc...
UniCredit: Romania Needs More Reforms To Fuel GDP Growth
Romania needs more structural reforms to accelerate economic growth and a new loan agreement with the International Monetary Fund could help strengthen political will to implement difficult...
Romania Budget Deficit Widens To 1.8% Of GDP In November
Romania’s consolidated budget deficit widened to 1.8% of the gross domestic product at the end of November, from a gap of 1.19% of GDP a month earlier, government sources said Wednesday.
Draft Budget: Romania To Hike Staff Spending, Cut Capital Expenses In 2013
Romania will increase staff expenses by 1.8 billion lei (EUR0.4 billion) next year to restore public wages, after they were cut by 25% in 2010, while capital expenses will be reduced by RON1...
BNR: Romania FDI Up 20% On Year To EUR1.3B In January-October
Romanian foreign direct investment, or FDI, rose 20% on the year to EUR1.27 billion in January to October, the central bank data showed Thursday.
Romania's Current Account Deficit Narrows To EUR4.34B In First Ten Months
Romania's current account deficit narrowed to EUR4.34 billion in the first ten months of 2012, from EUR4.9 billion in the year-earlier period, mainly due to a lower income deficit and higher...