Macroeconomics
February’s Cold Weather Caused Budget Revenues To Rise By Just 1.2%
Romania’s budget was fully affected by the bad weather in February, moving from a surplus of 0.2% of GDP in January to a deficit of 0.4% of GDP in February.
Romania Runs Budget Deficit Of RON2.7B In Jan-Feb
Romania’s consolidated budget posted a deficit of 2.7 billion lei (EUR618 million) in the first two months, equal to 0.44% of the gross domestic product, Finance Ministry data showed Monday.
Analysts Estimate BNR Will Cut Key Rate To 5.25% Thursday
The Romanian central bank, or BNR, is likely to cut its key rate by a quarter of a point to a new historic low of 5.25% a year at the next monetary policy meeting March 29, according to fina...
Romania Revises 2012 GDP Growth Forecast Downwards To 1.7%
The revision of the economic growth forecast to 1.7% is the first official acknowledgement that the gross domestic product this year will be lower than the expectations in 2011, around which...
Romanian Trade Gap Seen Widening To EUR10B In 2012
Romanian trade deficit will widen by 25% to EUR9.97 billion in 2012, as imports will grow twice as fast as exports, according to estimates from the National Prognosis Commission.
IMF Approves New EUR505M Disbursement To Romania
The International Monetary Fund Wednesday completed the fourth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a ne...
Leu Depreciation Could Benefit Local Currency Lending And Exports, But Strikes At Trust And Inflation
The leu's depreciation towards 4.4 against the euro could support the strategy recently adopted by Romania's central bank to encourage lending in lei, and could amount to a breath of fresh a...
EBRD Ready To Invest Up To EUR500M Annually In Romania
The European Bank for Reconstruction and Development estimates it will invest EUR400 million to EUR500 million a year in Romanian projects over the next three years, according to the bank’s...
GfK Survey: 2012 Brings Feeble, Yet Encouraging Signs Of Optimism For Romanians
A recent survey by market research company GfK Romania shows that 2012 brings feeble, yet encouraging signs of restoring people's optimism, as Romanians consider their personal financial sit...