Macroeconomics
Isarescu: Without EU Funds, Romania's GDP Growth May Slow Down Further
Romania’s economic growth could slow to a stop in 2013 unless steps are taken to speed up European fund absorption, central bank governor Mugur Isarescu said Wednesday.
EBRD: Romania Highly Exposed To Eurozone Spillover Risks
Romania’s economy remains vulnerable to shocks from the eurozone and a possible quarterly contraction of 1% in the region would have a negative impact on the local output of 2% quarter-on-qu...
Romania Central Bank Lifts 2012 Inflation Forecast To 5.1%
The Romanian central bank has revised upwards the forecast on the annual inflation rate from 3.2% to 5.1% in 2012, which is more than a percentage point higher than the upper limit of its ta...
ANOFM: Jobless Rate Rises To 5.17% In October
Romania's unemployment rate rose slightly 5.17% in October, from 5.01% a month earlier, the country’s employment agency ANOFM said Tuesday.
40% Of EUR786M Drawn By Romania Through EU's Regional Operational Program Subject To Corrections
Romania absorbed EUR786 million via the Regional Operational Program (ROP), which registers the highest fund absorption rate, of over 21%, Development Ministry state secretary Marcel Bolos s...
Raiffeisen Bank: Real Convergence To Eurozone May Take Up To 30 Years
Romania might need 20 to 30 years to converge in real terms to the euro area, even if the nominal process lasts considerably less, an official of Raiffeisen Bank Romania said Tuesday.
INS: Average Net Wage Slightly Up To RON1,538 In September
Romanian average net salary inched up 0.3% to 1,538 lei (EUR340) in September, from RON1,534 a month earlier, the statistics institute INS said Tuesday.
PM: Romania’s 2015 Deadline For Euro Adoption Not Carved In Stone
Prime Minister Victor Ponta on Monday said Romania’s 2015 deadline to adopt the euro is not “carved in stone”, but highlighted the country must continue efforts to observe the criteria neede...
INS: Romania Adjusted Retail Sales Down 0.4% On Month In September
Romanian adjusted retail sales fell 0.4% in September from the earlier month, on lower sales of fuels and food items, the statistics institute INS said Monday.