Macroeconomics
Political Instability May Cost Romania EUR1 Million A Day Because Of Higher Interest Rates
The persistence of political turmoil affects Romania’s perception by foreign investors and may lead to higher borrowing costs, which in turn will have a significant impact on the spending on...
INS: Average Net Wage Slightly Down To RON1,530 In May
Romanian average net salary fell 1.5% to 1,530 lei (EUR342) in May, from RON1,553 a month earlier, the statistics institute INS said Thursday.
Romanian FinMin: Leu Weakens On Eurozone Turmoil, Not Political Unrest
The Romanian leu’s depreciation against the euro is influenced by external factors rather than the political tensions at home, Finance Minister Florin Georgescu said Wednesday, adding that t...
Almost One Quarter Of Romanian Youngsters Are Jobless - Eurostat
Average unemployment rate for people aged between 15 and 24 in Romania set at 23.5% in 2011, slightly higher than the EU average of 21.4%, according to Eurostat.
Georgescu: Romania To Revise 2012 Budget End-July
Romania's Finance Minister Florin Georgescu Wednesday said the government plans a first revision of the 2012 state budget at the end of July to incorporate an 8% salary increase in the publi...
Erste Raises Forecast For Romania 2012 Deficit, Warns Of Political Instability
Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it...
IMF: Political Pressures In Romania Will Be Strong Over Coming Months
The International Monetary Fund expects political pressures for relaxing fiscal consolidation and structural reforms to intensify despite the new government strongly affirming its commitment...
Romania 1Q GDP Declined As Expected
Romania's economy shrank 0.1% in the first quarter compared with a quarter earlier, in line with previous estimations, but a slightly more vigorous domestic demand than initially reported an...
Romania Stops Sending EU Refund Requests For Four Programs
Romania will stop sending the European Commission refund requests for four operational programs, from July 1 until a date that will be decided later, during which time the Commission will de...