Macroeconomics
Analysts’ Gloomy Forecasts Point To Only 1.2% GDP Growth For Romania In 2013
Bank analysts expect Romania’s economy to grow 1.2% on average in 2013 after a mere 0.5% rise in 2012, a pessimistic forecast compared with foreign institutions’ estimates.
Forbes Rates Romania As 60th Best Country For Business
Romania is ranked 60th in Forbes’ annual look at the best 141 countries for business, below Botswana (59), Hungary (46), Bulgaria (49), the Czech Republic (41) and Poland (38).
Erste Sees Zero 2012 Economic Growth In Romania
Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday.
Romania Economy Shrinks 0.5% In Third Quarter
Romanian economy contracted 0.5% in the third quarter after recording a modest growth a quarter earlier, a flash estimate of the country’s statistics institute INS showed Thursday.
European Commission Proposes Corrections Of 5% To 25% For Five EU-Funded Programs
The European Commission proposed financial correction ranging between 5% and 25% of the value of contracts signed through five Romanian EU-funded programs.
Romania Follow-Up Loan With IMF Conditional Upon Completion Of Existent Deal
Romania must fulfill its commitments assumed under a EUR5 billion multilateral loan package before negotiating a follow-up deal with the International Monetary Fund, the EU and the World Ban...
Romania September Industrial Output Rises At 3rd Fastest Pace In EU - Eurostat
Romania’s industrial production inched up 0.6% on the month in September, the third largest increase in the European Union, official data showed Wednesday.
2013 Might Be Better For Agriculture, Still Dependent On Weather Conditions
Agriculture, a sector that generates 6% of Romania’s’ gross domestic product (EUR10 billion to EUR11 billion) a year and made a significant contribution to the 2011 economic growth of 2.5%,...
Coface Expects Romania GDP Growth To Slow To 0.5% In 2012
Romanian economic growth will likely slow down to 0.5% or even stagnate in 2012, followed by a modest recovery in 2013, according to estimates of Coface rating agency.