Macroeconomics
World Bank Discusses Romania’s EUR1B Loan On Tuesday
The World Bank has scheduled for Tuesday the meeting of the Board which will discuss granting the EUR1 billion loan to Romania, Stefan Nanu, Romania’s representative at the international fin...
Government: Privatization Of Power Plants To Continue
The Romanian government has pledged to continue a key privatization program in the energy sector agreed with the International Monetary Fund by selling majority stakes in four new power comp...
Romanian April Industrial New Orders Down 11.6% On Month
Romanian industrial new orders fell 11.6% on the month in April, on two-digit declines in most sectors, the statistics institute INS said Friday.
How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5
The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an incr...
ANOFM: Romania Jobless Rate Dips To 4.56% In May
Romania's unemployment rate fell slightly to 4.56% in May, from 4.73% a month earlier, the country’s employment agency ANOFM said Thursday.
Vasilescu: BNR Will Use “All Its Instruments” To Stop An Excessive Depreciation Of The Leu
The National Bank of Romania doesn’t plan on sitting idly by, but will use all the instruments at its disposal if an excessive appreciation of the US dollar might endanger the price stabilit...
Georgescu: No Way The Leu Will Trade At 5 Units Vs Euro In 2012
Romanian Finance Minister Florin Georgescu Wednesday said the national currency will “in no way” fall to 5 units against the euro in 2012, despite its recent depreciation.
INS: Romania 1Q Net Investment Up 19% On Year To RON12B
Romanian net investments rose 18.8% on the year to 12.03 billion lei (EUR2.7 billion) in the first quarter of 2012, on increasing activity across the board, the country’s statistics institut...
INS: Housing Construction Down 10% In First Quarter
Romanian housing construction fell 10% to 6,862 units in the first quarter from the year-earlier period, on falling activity in both urban and rural areas, the country’s statistics institute...