Macroeconomics
IMF: Romanian Leu Balanced Vs Euro, Currency Has Room To Rise
Romania’s leu could appreciate slightly against the euro once the political upheaval unravels, according to estimates from the International Monetary Fund.
IMF Ties Romania Loan Installment Approval To Strategic Measures
The International Monetary Fund Tuesday said its approval of the latest quarterly review of Romania’s progress under a multilateral loan program is conditional upon the implementation of fou...
IMF: Romanian Households To Pay 5% More For Natural Gas As Of September
Romanian natural gas prices will increase by 5% for household consumers and by 10% for non-residential clients as of September, an official of the International Monetary Fund said Tuesday.
IMF Cuts Romania GDP Growth Forecast To 0.9% In 2012
The International Monetary Fund has revised down its forecast on the Romanian economy to 0.9% in 2012 from 1.5% previously, IMF mission chief Erik de Vrijer said Tuesday.
Romania 2Q GDP +0.5% On Quarter, +1.2% On Year
Romania’s gross domestic product expanded 0.5% in the second quarter, after a decline of 0.2% in the previous three months, a flash estimate of the country’s statistics institute showed Tues...
Foreign Direct Investment Falls To EUR625M In First Six Months
Romanian foreign direct investment, or FDI, were down 28.9% on the year to EUR625 billion in the first half, central bank data showed Monday.
BNR: Romania's Current Account Deficit Down To EUR2.4B In First Half
Romania's current account deficit narrowed to EUR2.4 billion in the first half of 2012, from a gap of EUR3.4 billion a year earlier, largely due to a higher current transfer surplus, central...
Fitch Affirms City Of Bucharest Ratings At BBB-
Fitch Ratings on Friday affirmed the Romanian City of Bucharest's long-term foreign currency rating at 'BBB-', the long-term local currency rating at 'BBB' and the short-term foreign currenc...
IMF Rejects Romania's Plan To Lower VAT On Food, Introduce Progressive Taxation – Sources
The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with r...