Macroeconomics
INS: Romania March Housing Permits Rise 57.3% On Month
Romanian housing permits rose 57.3% to 3,114 units in March, from 1,999 units a month earlier, the country’s statistics institute INS said in a statement Friday.
Quicker Payments To Budget Saved First-quarter Deficit Figures
The spectacular rise of collection from the corporate tax and the higher amount attracted to the budget in March from individual income taxes contributed to the rise of budget revenues by 16...
Top Projects Completed After Five Years Of EU Funding: Training Courses, Danube Depth Measurements And Master Plans
The best proof that Romania is lagging behind in terms of attracting European funds was given on Wednesday during a visit by the president of the European Council.
Romania 1Q Budget Gap At RON3.4B, Meets IMF Requirements
Romania’s consolidated budget posted a deficit of 3.4 billion lei (EUR776 million) in the first quarter, equal to 0.56% of the gross domestic product, Finance Ministry data showed Wednesday.
BNR: Private Lending +0.5% On Month To RON224.3B In March
Romanian private lending inched up 0.5% in real terms to 224.3 billion lei (EUR51.2 billion) in March from a month earlier, central bank data showed Thursday.
Budget Deficit Target Already Under Threat As Public Debt Is Rising Fast
Romania's budget deficit in the first two months was the same as in 2011, while public debt continued to rise fast because of the Finance Ministry's policy to borrow aggressively from market...
IMF Team To Begin Fifth Review Of Deal With Romania On Tuesday
A delegation from the International Monetary Fund (IMF) will begin Tuesday the fifth review of a EUR3.5 billion precautionary agreement signed last spring.
Government Reduces GDP Growth Targets, Anticipates Drastic Widening Of Trade Gap
Romania's Government has adjusted the GDP growth forecast for the next few years downward by one point and also expects the trade deficit to increase considerably in 2012, but it sees the Ro...
Romania Less Likely To Default On Own Debt Vs Hungary, Spain
Romania is a less risky debtor compared to more veteran EU members such as Spain, Italy or Hungary, but the country is still paying higher interest rates on its sovereign debt compared to th...