Macroeconomics
UniCredit Cuts Romania GDP Growth Forecast To 0.5% In 2012
Italy’s UniCredit Tuesday revised down its forecast on Romanian economic growth to 0.5% in 2012 from 1.2% previously, saying it expects foreign demand to weaken further due to the worsening...
INS: Romania 1Q Jobless Rate Slides To 7.6%
Romania's unemployment rate fell slightly to 7.6% in the first quarter, from 7.7% in the previous quarter, the country’s statistics institute INS said Tuesday.
Analysts: Romania Central Bank To Keep Key Rate Unchanged Wednesday
The Romanian central bank is likely to leave its key rate unchanged at a historic low of 5.25% for a second straight time at its monetary policy meeting due June 27, banking analysts said Mo...
WB: Romania Must Consider Local Problems, Competitiveness When Asking For EU Funds In 2014-2020
Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country man...
Romania January-May Budget Gap Widens To RON7.2B
Romania’s consolidated budget posted a deficit of 7.2 billion lei (EUR1.6 billion) in the first five months, equal to 1.19% of the gross domestic product, Finance Ministry data showed Monday...
IMF Board Approves Fifth Review Of Deal With Romania
The International Monetary Fund's Board on Friday approved the fifth review of the precautionary deal with Romania, and will make available a new EUR475 million tranche of the total EUR3.5 b...
Romania To Extend By One Year Deadline To List Key State Companies
Romania’s government extends by one year, until December 31, 2013, a deadline to list minority stakes in several state-owned companies on the Bucharest Stock Exchange and on international ma...
Orban: Romania Wants To Draw EUR3.1B In European Structural, Cohesion Funds In 2012
The Romanian government targets to draw EUR3.1 billion this year through programs financed with European structural and cohesion funds, according to a memorandum approved by the Cabinet Wedn...
Romania's GDP Per Capita At 49% Of EU Average In 2011
The gross domestic product per capita in Romania was equal to 49% of the EU average in 2011, three percentage points higher than in 2010, while in other Eastern European states this indicato...