Macroeconomics
Senate Adopts EU Fiscal Stability Treaty
Romania's Senate on Monday adopted the bill ratifying the European Union's fiscal stability treaty, following its adoption by the Chamber of Deputies two weeks ago.
Ponta: Romania Risks Losing EU Funds Via HR Program Due To Management Flaws In 2010-2011
Romania risks losing definitively EUR100 million in European funds this year and EUR1.1 billion next year through the Sector Operational Program for Human Resource Development (POSDRU) due t...
EBRD Ups Romania GDP Growth Forecast To 1.2% In 2012
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.2% in 2012, from 0.8% previously, but warned the slowdown in the eur...
Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro?
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impa...
Unicredit Head: We Have To Decide Whether To Join Euro In 2015 Or Start The De-Euroization Of Economy
The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it doesn’t seem very achievable, with the alternative...
Romanian Labor Market Returns To Pre-VAT Hike Levels After Two Years
The number of employees in the Romanian economy reached 4.25 million people in March, marking a return to the level registered in June 2010, before the government raised the value added tax...
Fitch Sees Romania GDP Growth At 1.6% In 2012, Mirroring CEE Performance
Romania's economic growth is likely to slow down to 1.6% in 2012, from 2.5% a year earlier, in line with the general evolution forecast for the Central and Eastern Europe, a report from Fitc...
Romania Approves Taking Out EUR1B Loan From World Bank
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday.
Generic Drug Producers Want Clawback Tax Suspended Immediately
The Association of Romanian Producers of Generic Drugs (APMGR) has called for the immediate suspension of the clawback tax and for discussions to find a viable solution, in the interest of p...