Macroeconomics
INS: Jobless Rate Down In Q2 To 6.9%
Romania's unemployment rate stood at 6.9% in the second quarter, down from 7.6% in the first quarter and from 7.2% in the second quarter of 2011, seasonally adjusted data from the statistics...
Central Bank Displeased With Loan Rescheduling Outcome
Loan rescheduling for individuals who are late on their installment payments has not been “satisfactory’ in terms of results, according to Romania’s central bank, as the share of rescheduled...
Romania’s Financing Costs Fall As World Markets Are Flooded With Liquidity
The quantitative easing measures announced by the major central banks in the world had positive effects on the financial markets in September, Romania included.
Romania Public Debt Widens To RON236.7B In July
Romania’s public debt rose to 236.69 billion lei (EUR52.5 billion) in July, from RON232.17 billion a month earlier, Finance Ministry data showed.
Four Romanian EU-Funded Programs To Lose Several Hundred Mln Euro Following Corrections - Minister
The financial corrections the European Commission will apply to four Romanian EU-funded programs stand at several hundred million euros, and the money might be redirected to Romania, Ministe...
Ponta Says Higher Energy Royalty Rates, Different VAT Rates May Increase Budget Revenues
Increasing royalty rates in the energy sector and charging different sales tax rates to support agriculture are some of the measures meant to increase budget revenues between 2013 and 2016,...
EU Funds Absorption Disaster: Only EUR3.8M Attracted In August
Romania’s EU funds absorption rate in August was close to zero after in July the local authorities had suspended sending to Brussels the refund requests for projects that were supposed to be...
Eurostat: Romania 2Q Labor Costs Rise At Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 7.1% on the year in April to July, the largest increase in the European Union, official data showed Monday.
Romania Paid Over EUR4B Via Rural Development Program Since 2007
Romania attracted 50% or over EUR4 billion through the National Program of Rural Development, or PNDR, since 2007 in payments through beneficiaries, Agriculture Minister Daniel Constantin to...