Macroeconomics
Romania Keeps 2015 As Target For Euro Zone Accession
Romania maintains its objective of joining the euro zone in 2015, by entering the ERM II in 2013-2014 and reducing the structural deficit to less than 0.7% of the GDP by 2014, according to t...
US Ambassador To Romania Worried About Standstill In Privatizations
US Ambassador to Bucharest Mark Gitenstein Wednesday expressed concern over a seeming standstill in the Romanian privatization process, saying the government should resume their efforts to a...
Romania February Construction Output Rises At 2nd Fastest Pace In EU
Romanian adjusted construction output rose 1.7% on the month in February, the second largest increase in the European Union, official data showed Wednesday.
Romania Wants A New EUR1B Loan From World Bank
Romania wants a new safety net from the World Bank – a EUR1 billion line of credit that would allow the Finance Ministry to cover financing needs if turmoil intensifies on the financial mark...
EU Funds Sit In Brussels’ Vaults And Treasury Pays For EU-Funded Projects Instead
The Finance Ministry will request the government to allocate 2.4 billion lei (EUR550 million) for loans to the EU fund management authorities in the second quarter, after such loans from the...
Romania February Industrial Output Falls At Slightly Faster Pace Vs EU Average
Romania’s industrial production fell 1.9% on the year in February, a touch below the European Union average decline of 1.8%, official data showed Thursday.
IMF Team To Visit Romania April 24-May 7
A delegation of the International Monetary Fund will visit Romania between April 24 and May 7 for the fifth review of a EUR3.5 billion precautionary agreement signed last spring.
BNR: Romania FDI Falls To EUR253M In First Two Months
Romanian foreign direct investment, or FDI, fell to EUR253 million in the first two months of 2012 from EUR325 million in the same month a year before, the central bank said Thursday.
Romania Jan-Feb Current Account Deficit Widens To EUR663M
Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank...