Macroeconomics
Romania 1Q Industrial New Orders Inch Up 0.6% On Year
Romanian industrial new orders edged up 0.6% in the first quarter compared with the year-earlier period, fueled by higher demand of consumer and durable goods, the country’s statistics insti...
Isarescu: Wage Hikes To Have Little Impact On Inflation. BNR Keeps 2012 Forecast At 3.2%
Romania’s central bank Tuesday maintained its forecast on the year-end inflation unchanged at 3.2% for 2012 and estimated the annual rate will remain within the desired targets at least unti...
Romanian Lower House Adopts EU Fiscal Stability Treaty
Romania’s Chamber of Deputies on Tuesday adopted the bill on ratifying the European Union’s fiscal stability treaty with 237 votes in favor and two abstentions.
ANOFM: Romania Jobless Rate Falls To 4.73% In April
Romania's unemployment rate fell to 4.73% in April, from 5.05% a month earlier, the country’s employment agency ANOFM said Tuesday.
Romania Has The Advantage Of The Flat Rate, But Loses Attractiveness Because Of Social Contributions – Survey
Romania remains attractive for Western European employers in terms of salary costs thanks to its 16% flat-rate income tax, but loses ground in terms of social security contributions, which a...
World Bank Urges Energy Heavyweights To Invest In Romania
The World Bank is sending out a strong message to the international energy giants, which arrived in Romania via privatization processes, asking them to commit to significant investments and...
INS: Romania Average Net Wage Up 4.8% To RON1,543 In March
The average net salary in Romania rose 4.8% on the month, 1,543 lei (EUR350) in March, from RON1,472 in the previous month, the statistics institute INS said Monday.
New Government To Free Up EUR400M For Consumer Spending And Drive Deficit To 2.2% Of GDP
The gradual restoration of public sector wages and paying back health insurance contributions collected from pensioners could have a negative impact of about 1.7 billion lei (about EUR400 mi...
Romania Won’t Tap Into Reserves For Public Wage Hikes
Romania’s EUR5 billion reserve at the Finance Ministry is intangible and will be used only to pay loans due in 2012, while public wages will be raised by agreeing with the iMF to raise the b...