Macroeconomics
Inflation Hits New Low Of 2.6% In February
Romanian consumer prices inched up 0.64% on the month in February, driven by higher food prices, but the annual inflation eased for the fourth straight month to 2.59%, a new record low since...
Romania To Raise Public Wages As Of June
Leaders of Romania’s ruling coalition decided Monday to raise public wages as of June and the Government has yet to decide by how much, democrat liberal MP Mircea Toader told MEDIAFAX.
How Public Officials Get Paid. Finance Minister Bogdan Dragoi Earned EUR200,000 Last Year
Bogdan Dragoi, who was appointed finance minister a month ago, collected 833,640 lei (almost EUR200,000) from the various positions held in 2011. Half of the money (about EUR105,000) was his...
Romanian Trade Gap Widens To EUR463M In January
Romania’s trade deficit widened to EUR462.8 million in January, from EUR211.3 million in the year-earlier month, the country’s statistics institute INS said Monday.
President: Romania Won’t Drift Back Into Recession
Romanian President Traian Basescu said Sunday Romania is not in danger of slipping back into recession, arguing that the technical recession announcement made by authorities recently has bee...
Analysts: Romania’s Economy To Shrink In 1Q, Recovery Expected In 2Q
Financial analysts and stock brokers believe Romania’s economy will contract in the first quarter of the year, as Europe faces an economic slowdown and the bad weather last month took a toll...
Romania Ponders New Measures To Revive Consumption, Higher Wages Included
Romania's government and the central bank are working on a new set of measures aimed to increase domestic consumption, including possible salary increases in the public sector, the executive...
Romania Revises Up 2012 GDP Forecast To RON609B
Romania’s Finance Ministry has revised upward its forecast on the gross domestic product to around 609 billion lei (EUR140 billion) in 2012, from RON580 billion previously, state secretary G...
Romania's Economy May Slip Into Technical Recession In 1Q, FinMin Says
Romanian Finance Minister Bogdan Dragoi Friday estimated the country’s economy has slipped back into technical recession in the first quarter, hit by bad weather.