Macroeconomics
EBRD Cuts Romania’s GDP Growth Forecast To 0.5% In 2012
The European Bank for Reconstruction and Development revised downwards its forecast on Romania’s economic growth to 0.5% in 2012, citing the eurozone crisis, the lower farming output and the...
Government To Approve This Year's Second Budget Revision Saturday
Romania’s Government will meet Saturday to approve this year’s second budget revision.
EC Officials To Soon Visit Romania For Talks On Pre-Suspended EU-Funded Programs
European Commission representatives will visit Romania in November for talks on pre-suspended EU-funded programs and to analyze the way the Government applied the measures recommended by EU...
Romania Jan-Sep Budget Gap Widens Slightly To RON7.17B
Romania’s consolidated budget posted a deficit of 7.17 billion lei (EUR1.57 billion) in the first nine months, equal to 1.18% of the gross domestic product, Finance Ministry data showed Thur...
EC Pre-suspends Payments For Three Romanian EU-Funded Programs Worth EUR10.5B
The European Commission on Thursday informed Romanian authorities about its decision to pre-suspend payment for three Romanian EU-funded programs, for transport, regional development and eco...
IMF: Government Should Decide Which Companies To Keep And Sell Or Close The Rest
The Government must decide which companies it keeps and privatize or liquidate the remaining ones because the Romanian sector of state-run enterprises is still oversized even when considered...
IMF Warns Of Serious Risk For Romania Economy
An escalation of the eurozone debt crisis would pose serious risk to the Romanian economy, which could shrink by up to 5% if the threat materializes, the International Monetary Fund said in...
Government To Approve This Year's Second Budget Revision Friday
Romanian Prime Minister Victor Ponta said Wednesday the Cabinet will assemble in a special meting Friday to approve this year's second budget revision.
Fiscal Council: Government Breaches Fiscal Responsibility Law By Increasing Budget Expenses
Romania’s Government harms the credibility of the fiscal responsibility law by further increasing budget expenses, according to the Fiscal Council.