Macroeconomics
Romania Wants New Precautionary Agreement With IMF In Bid To Calm Markets
The announcement by Finance Minister Florin Georgescu on Wednesday that Romania will seek another two-year precautionary agreement with the IMF is a clear attempt to calm suspicions of forei...
Romania Runs RON400M Budget Surplus In June
Romania’s consolidated budget posted a surplus of 400 million lei (EUR86.6 million) in June after four consecutive months of deficits, Finance Minister Florin Georgescu said Wednesday.
Georgescu: Romania Eyes New IMF Deal For 2013-2015
Romania’s government plans to sign a new precautionary loan agreement with the International Monetary Fund for the 2013-2015 period once the existing one ends in April next year, Finance Min...
EBRD Cuts Romania GDP Growth Forecast, Says Political Crisis May Take Toll
The European Bank for Reconstruction and Development Wednesday revised downward its forecast on Romania’s economic growth to 0.8% in 2012, from 1.2% previously, citing increased vulnerabilit...
Romania Public Debt Widens To RON237.7B In May
Romania’s public debt rose to 237.76 billion lei (EUR51.2 billion) in May, from RON236.65 billion a month earlier, Finance Ministry data showed.
Romania’s 2011 Farming Output Up 9% To RON76.5B
Romania’s farming production rose to 76.5 billion lei (EUR16.64 billion) in 2011, up 8.9% from 2010, of which crop production amounted to RON54.1 billion, accounting for 70.8%, up 13% from 2...
Change Of Direction In BNR’s Policy?
BNR is keeping interests low and lets the leu constantly depreciate, as recommended by the International Monetary Fund.
IMF Team To Visit Romania July 31 - August 13
A delegation of the International Monetary Fund will visit Romania between July 31 and August 13 for the sixth review of a EUR3.6 billion precautionary agreement signed last spring.
PM And FinMin: We Are Not Increasing Taxes. We Could Have Economic Growth
The exchange rate could return below RON4.5 to the euro after the “calming and the clarifications on the political scene,” and the economy could return to growth in the second quarter. As fa...