Macroeconomics
BNR: Private Lending Slightly Up To RON230.8B In September
Romanian private lending inched up 0.1% in real terms to 230.78 billion lei (EUR50.4 billion) in September, from RON227.93 billion a month earlier, central bank data showed Tuesday.
Erste Sees Romania Borrowing Costs Rise Over Budget Concern
Romania will likely pay higher yields at its upcoming debt sales, as investors may be inclined to take advantage of Prime Minister’s Victor Ponta statement that the current budget doesn’t co...
Basescu: Romania To Be Part Of European Banking Union
Romanian President Traian Basescu Friday said that his country will be included in the upcoming EU banking union, which aims to place euro area banks under the supervision of a single regula...
Government Cuts Budgets Of Several Ministries, Including Culture And Labor
Romania’s Government will cut the budgets of several ministries, as well as of the Senate, the High Council of Magistrates, the High Court of Justice and the public television and radio.
Romania Expects State Budget Revenues To Decrease By Over RON1B In 2012
Romania’s Government expects revenues to the state budget to decrease by more than 1 billion lei (EUR218 million) and the country’s gross domestic product to grow only by around 1% in 2012,...
Credit Suisse: Romania Witnesses Sharpest Decline In Household Wealth
Household wealth in Romania decreased 36% between July 2011 and June 2012, mainly due to the economic problems triggered by the euro zone crisis, according to Credit Suisse’s 2012 Global Wea...
BRD Cuts Romania GDP Growth Forecast To 1.1% In 2012
Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertai...
GfK: Most Romanians Think Economy Fares Worse This Year, But Expectations Are High For 2013
Nearly three quarters of Romanians believe the country’s economy is faring worse than last year, their willingness to spend is lower and have high expectations for improvement in 2013, accor...
IMF Staff Team Visits Romania Between Nov 6-14
A staff team from the International Monetary Fund will visit Romania between November 6 and 14 to discuss the country’s progress under a EUR3.6 billion precautionary loan agreement, the fund...