Macroeconomics
Industrial Prices +0.7% On Month, +6.5% On Year In April
Romania’s industrial producer price index inched up 0.7% in April from a month earlier, fueled by higher prices in manufacturing and energy, the country’s statistics institute INS said Frida...
What A “Grexit” Would Mean For Romania: Euro Above RON5 And Doubled Interest Rates
The leu’s depreciation by 10%-15% against the euro and the doubling of interest rates for lei on the interbank market would be the direct and fast effects on the Romanian market of the prosp...
Romania Cuts 2013 GDP Growth Forecast To 3.1% Vs 4.5%
A sluggish economic recovery and falling exports have prompted Romanian officials to revise downward the 2013 growth forecast to 3.1%, from 4.5% initially, according to a government document...
CEOs To Politicians: Lack Of Order And Of Competence In Administration Are Undermining Business
The lack of order in the administration and the lack of competence of decision makers, fiscal shocks and uncertainty over business-oriented legislation are stifling business more than the in...
Romanian Manufacturing, Construction Sectors Seen Up In May-July
Romanian companies estimate manufacturing and construction activity will pick up in May to July, while retail and services will post only a modest growth, the statistics institute INS said i...
Lower Rates And Central Bank’s Pressures Not Enough To Drive Leu Lending Up
Romanian banks sell as few leu-denominated loans that they will not even cover the repayments made by customers, therefore the volume of loans in local currency has gone down by RON1 billion...
Informal Employment Causes Losses Of EUR2.7 Bln/Year To Romania's Budget
One year after the entry into force of Romania’s new Labor Code, the economy has recovered only 100,000 jobs of more than 650,000 it had lost during the crisis. However, one in three Romania...
UK Ambassador Says EU Funds Absorption Is Top Priority For Romania
British Ambassador to Bucharest, Martin Harris, said Sunday in an interview for PRO TV that the absorption of European Union funds is a top priority for the Romanian Government, which, he ad...
S&P Affirms Romania Ratings At 'BB+'; Outlook Stable
Standard & Poor's Ratings Services Friday affirmed its 'BB+/B' long- and short-term foreign and local currency sovereign credit ratings on Romania, with stable outlook, citing the country’s...