Macroeconomics
FinMin: Economy ‘Probably’ Out Of Recession In 2Q
The Romanian economy has “probably” emerged from technical recession in the second quarter, Finance Minister Florin Georgescu said Monday, without going into details.
Moody’s: Political Uncertainty In Romania May Persist Until Fall
The recent political events in Romania have heightened investors’ concerns regarding the country’s fiscal and economic progress under a EUR5 billion international financing program, Moody’s...
Public Debt Strategy: Finance Ministry Wants To Borrow EUR7.2B From External Market Over 3 Years
The government’s foreign currency public debt will not exceed 50% of the total and the annual debt service will not go beyond 10.5% of gross domestic product by 2014, according to the strate...
Foreign Direct Investment Falls To EUR465M In January-May
Romanian foreign direct investment, or FDI, fell 45.2% on the year to EUR465 billion in January through May, central bank data showed Friday.
BNR: Current Account Gap Narrows To EUR1.92B In January-May
Romania's current account deficit narrowed to EUR1.92 billion in the first five months, from a gap of EUR2.46 billion a year earlier, largely due to a higher current transfer surplus, centra...
Central Bank Governor Reluctant To Comment On Political Situation
Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under press...
Fitch: Political Crisis In Romania Not An Immediate Risk To Ratings
The recent political upheaval in Romania is not a “near-term threat” to the country’s sovereign rating, but continued uncertainty could trigger a downgrade in the longer run, Fitch Ratings s...
Romania Jan-May Trade Gap Narrows To EUR3.5B
Romania’s trade deficit narrowed to EUR3.53 billion in the first five months of 2012, from EUR3.69 billion in the year-earlier period, the country’s statistics institute INS said Tuesday.
INS: Adjusted Industrial Output -0.6% On Month In May
Romanian adjusted industrial production inched down 0.6% in May compared with a month earlier, on declining output in most sectors, the country’s statistics institute INS said Tuesday.