Macroeconomics
Romania Might Get More Than EUR40B From EU For 2014-2020
Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs.
Romania 1H Net Investments Rise 20% On Year To RON28.9B
Romanian first-half net investments rose 20% to 28.89 billion lei (EUR6.47 billion) from the year-earlier period, on increasing activity across the board, the country’s statistics institute...
INS: Jobless Rate Slightly Down To 7% In July
Romania's unemployment rate inched down to 7% in July, from 7.3% a month earlier, seasonally adjusted data from the statistics institute INS showed Friday.
EU Survey: Romania Economic Sentiment Dips In August For Fourth Straight Month
Romania’s economic sentiment index fell 2.1 points to 94 in August, due to investor pessimism in most sectors except industry, a European Commission monthly survey showed Thursday.
Local Authorities Must Cut Arrears To Further Receive State Budget Funds - Draft
Romanian local authorities will have to reduce arrears monthly by at least 5% or they will no longer receive state budget funds, as per a draft emergency decree drawn up by the Finance Minis...
BCR: Romanian Government May Overshoot 2012 Deficit Goal
The Romanian government may overshoot its budget deficit target by around 0.8 percentage points because of the upcoming parliamentary elections this fall, according to estimates from the cou...
BCR Cuts Romania GDP Growth Forecast To 0.7% In 2012
Romanian top lender BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), Thursday cut its forecast on the country’s economic growth to 0.7% in 2012 from 1.2% previously, saying it expects a...
Finance Ministry: Budget Revenue Down To 32.3% Of GDP
The share of budget revenues in the gross domestic product has been adjusted as part of the budget revision from 33.9% to 32.3%, according to information sent by the Finance Ministry.
Retail Market Expected To Grow Slightly In August-October
Romanian companies expect retail activity will see a modest growth in August through October, with both production and demand estimated to pick up from the previous three months, the statist...