Macroeconomics
Isarescu: Leu Is In Equilibrium Area
The Romanian leu is in an equilibrium area, which might move if economic fundamentals are changed, central bank governor Mugur Isarescu said Thursday.
Isarescu: Public Sector Pay Hikes Won’t Hurt If Budget Targets Are Met
The restoration of public sector wages in Romania could lead to a gradual restoration of internal demand and it should not cause too much stir if budget targets agreed with the International...
BNR Cuts Key Rate To A New Record Low Of 5.25%
Romania’s central bank (BNR) Thursday cut its key monetary policy rate by 25 basis points for the fourth consecutive time to a record low of 5.25% a year, amid a falling inflation and subdue...
Make Agriculture Your No. 1 Priority And Take Advantage Of Mineral Reserves, Says Markets Guru
US billionaire Jim Rogers, 69, one of the most influential voices in the global business world, who says the time of financial sophistication is over and bets on a return of manufacturers of...
Labor Costs In Romania Hit EUR314M/Day, From EUR210M In 2000 - HR Director
Labor costs in Romania have reached EUR314 million per workday, from EUR210 million in 2000, Real Hypermarket HR director Valentin Pauna said Wednesday.
Economic Outlook Improves For March-May - INS Survey
Romanian executives expect growth in all economic sectors in March to May 2012, compared to the previous three months, according to a survey released Wednesday by the country’s statistics bu...
INS: Romania Housing Permits Down 12.4% On Year in February
Romania issued 1,999 buildings permits for residential projects in February, up 15.4% on the month but down 12.4% on the year, the statistics institute INS said Wednesday.
Oltchim Privatization Auction Set For May 31
The auction for the privatization of Romanian chemical company Oltchim (OLT.RO) will take place on May 31, Florin Vladan, head of privatization authority OPSPI, told a news conference Tuesda...
INS: Romania 4Q ‘11 Jobless Rate Rises To 7.7%
Romania's unemployment rate rose to 7.7% in the last quarter of 2011, from 7.2% in the third quarter, the country’s statistics institute INS said Tuesday.