Macroeconomics
Isarescu Says Mistrust In Romania’s Ability To Absorb EU Funds Is Dangerous
Romanian central bank governor Mugur Isarescu Monday said the governments’ failure to absorb European Union funds caused a “defeatism” towards the country’s ability to draw such funds, which...
BNR Keeps 2012 CPI Forecast Unchanged; Warns Of Inflationary Risks
Romania’s central bank Monday left its forecast on the year-end inflation unchanged at 3.2% in 2012, but warned of increased inflationary risks coming from higher prices in international mar...
INS: Average Net Wage Up To RON1,552 In June
Romanian average net salary rose 1.4% to 1,552 lei (EUR333.8) in June, from RON1,530 a month earlier, the statistics institute INS said Monday.
Central Bank Makes First Principal Payment On Romania’s IMF Loan As Leu Hits New Low
Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve.
Worst Case Scenario: 10 Things That Will Affect Romania’ Economy
The irresponsibility of the entire political class leads to economic decline and weakens the country’s ability to withstand external pressures.
BNR Governor Concerned Over Political Tensions
Romanian central bank governor Mugur Isarescu Thursday expressed concern over a lingering political crisis between the government and the president, urging for a resolution of the conflict.
Central Bank Holds Key Rate At 5.25%
Romania’s central bank kept its key rate unchanged at 5.25% for a third straight time Thursday, in line with expectations, as financial and economic woes in Europe, coupled with political te...
Romanian June PPI -0.2% On Month, +5.8% On Year
Romania’s industrial producer price index inched down 0.2% in June from a month earlier, held back by a 0.3% decrease in manufacturing prices, the country’s statistics institute INS said Thu...
Romania Forex Reserves Slightly Down To EUR32.1B In July
Romanian foreign exchange reserves fell slightly to EUR32.14 billion in July, from EUR32.96 billion a month earlier, central bank data showed Wednesday.