Macroeconomics
Dragoi: Public Sector Wage Restoration Would Need RON2B Yearly
A 16% increase in public sector wages starting June would have an impact of 2 billion lei (EUR459 million) per year, Romania’s Finance Minister Bogdan Dragoi said Friday.
Romania FinMin: Government Mulls Higher Wages, But Deficit Target Stays
The Romanian government is searching for solutions to boost per capita income, but only if the measures don’t affect the budget deficit target for 2012 and they prove financially sustainable...
Romania Jobless Rate Flat At 5.27% In February
Romanian unemployment rate was virtually unchanged at 5.27% in February, from 5.26% a month earlier, the country’s employment agency ANOFM said Friday.
INS: Romania January Adjusted Industrial Output +0.6% On Month
Romanian adjusted industrial production inched up 0.6% in January compared with a month earlier, fueled by higher output in most sectors, the country’s statistics institute INS said Friday.
Fitch: Restoring Public Wages In Romania To Raise Deficit Again
Restoring the public wages to pre-austerity levels in Romania would impact not only the budget deficit, but would likely trigger a series of additional negative effects in the economy, such...
EU Clears Romanian Oltchim’s Debt-Swap Deal
The European Commission has authorized Romania’s planned debt-to-equity conversion of public debt amounting to around EUR135 million for chemical producer Oltchim SA (OLT.RO), state official...
Romania Adjusted Construction Works +1.9% On Month In January
Romanian construction works rose 1.9% on the month in January, after a decline of 0.6% in December, the statistics institute INS said Thursday.
BNR Admits It Did Not Anticipate Extent Of 2009 Recession. Will Romania Avoid Recession In 2012?
The Romanian central bank, or BNR, admitted half-heartedly at the beginning of this week, through the voice of the central bank’s deputy governor Cristian Popa, that it had not expected the...
INS: Romanian Industrial New Orders Up 12.5% On Month In January
Romanian industrial new orders rose 12.5% on the month in January, largely fueled by a 26.2% increase in intermediate goods orders, the statistics institute INS said Wednesday.