Macroeconomics
Ponta Summons Cabinet Ministers For Talks On EU Funds Absorption
Romanian Prime Minister Victor Ponta on Tuesday said he summoned all Cabinet ministers tasked with the absorption of European Union funds for talks on the stage of the absorption process and...
INS: Industrial Producer Prices -0.1% On Month, +6.7% On Year
Romania’s industrial producer price index inched down 0.1% in May from a month earlier, held back by a 1.1% decrease in energy prices, the country’s statistics institute INS said Tuesday.
Farming Output Will Breathe Life Into The Economy In 2012 As Well
This year’s grain harvest is estimated at almost 18 million tons, just 7% lower than the record-high 2011 figures. Converted in money, as prices remained high, almost EUR5 billion should go...
Businesspeople Urge Government To Build Highways, Back Local Companies, End Political Bickering
In the two months since being instated, Romania’s new government has mainly stood out through political disputes and failed to come up with any concrete plans to restart the economy, at a ti...
Fitch Affirms Romania At BBB-; Outlook Stable
Fitch Ratings Thursday affirmed Romania's long-term foreign and local currency ratings at 'BBB-' and 'BBB’, respectively, citing the country’s fiscal progress and continued reforms against a...
INS: Housing Permits Rise 40% On Month In May
Romanian housing permits rose 39.7% to 4,321 units in May, from 3,083 units a month earlier, the country’s statistics institute INS said Thursday.
Romanian Construction, Retail Output Seen Up In June-August - Survey
Romanian companies estimate activity in construction and retail sectors will pick up in June to August, while manufacturing and services will post only a modest growth, the statistics instit...
BNR Keeps Key Rate Unchanged At 5.25%
The Romanian central bank maintained a prudent stance Wednesday and left its key rate unchanged at a record low of 5.25% a year, in line with market expectations.
BNR: Romania Private Lending +0.9% On Month To RON227.1B In May
Romanian private lending inched up 0.9% in real terms to 227.09 billion lei (EUR50.85 billion) in May from a month earlier, central bank data showed Wednesday.