Macroeconomics
Basescu Wants Pension, Social Security Deficits Unchanged Amid Wage Raise Plans
Keeping social security fund and pension deficits at their current levels is crucial for the upcoming period, Romanian President Traian Basescu said Sunday in a meeting with International Mo...
IMF, EU To Allow Romania To Raise Public Wages 8% As Of June
The International Monetary Fund and European Commission have accepted Romanian authorities’ plans to restore public wages to pre-austerity levels gradually, with a first raise, of 8%, to tak...
Romania Runs Budget Deficit For Third Straight Month In April
Romania’s consolidated budget posted its third consecutive monthly deficit in April, despite a record growth in revenue, official sources said Friday.
Ponta Cabinet Vows To Complete Highway Works, Upgrade Roads
The governing program of Romania’s new Cabinet proposed by Prime Minister-designate Victor Ponta targets to complete works on several highways, draw up a pre-feasibility study for a new high...
Romania's New Cabinet Wants To Restore Wages This Year
The Cabinet proposed by Prime Minister-designate Victor Ponta has included plans to restore public wages to pre-austerity levels in its governing program, sent to the Parliament Thursday eve...
Romania, IMF To Resume Review Talks Friday - Sources
Romania’s newly named government officials will meet Friday with delegations of the International Monetary Fund and the European Commission for formal talks on the country’s progress under a...
Politicians Play Ping Pong With Public Sector Workers’ Wage Raises
High officials are tossing the issue of increasing public sector wages back and forth, while the Romanian currency is depreciating and rating agencies warn that a prospective increase in the...
Moody's: Romania’s 2nd Government Collapse In 3 Months Endangers Reforms
Romania’s second government collapse in three months will likely deepen investors concern about policy and reform implementation, making borrowing conditions more challenging for the new gov...
BCR: Romanian Leu Undervalued Despite Improving Fundamentals
Romania’s largest bank Banca Comerciala Romana Thursday said the leu is likely to trade inside a range of 4.3-4.5 per euro for most of 2012 and estimated the national currency is currently u...