Macroeconomics
Romania January Power Output Down 25% On Year
Romanian energy output dropped 24.9% on the year to 2.57 million tons of oil equivalent in January, largely due to falling production in the hydropower sector, official data showed Wednesday...
Romania January Industrial Sales Fall 10.6% On Month
Romanian industrial sales fell 10.6% on the month in January, on declining demand in all sectors, the country’s statistics institute INS said Wednesday.
Boc Government Failed To Collect EUR2.3B In Budget Revenue
The National Statistics Institute announced a gross domestic product of 578 billion lei (EUR133 billion) in 2011, RON31 billion higher than the level used for building last year's budget.
Car Tax Will Bring Only RON624M To Romania's Budget
The Romanian Government estimates the car pollution tax will bring total revenues of only 624 million lei (EUR143 million) to the state budget in 2012, three times lower than last year’s for...
Romania 2011 GDP Growth Fueled By Agriculture, Industry
Romanian gross domestic product grew at an annual rate of 2.5% in 2011, benefiting from a very good agricultural year and steady industrial performance, the country’s statistics institute IN...
INS: Romania's Average Net Wage Down 8.5% To RON1,467 In January
The average net salary in Romania fell 8.5% month-on-month to 1,467 lei (EUR337) in January, from RON1,604 in December, when holiday bonuses were paid, the statistics institute INS said Tues...
Bucharest City Hall Forced To Cut Budget By RON1B
The Bucharest City Hall has to find solutions for drastic budget cuts of 1 billion lei (EUR230 million) this year, as revenues are dwindling and the institution has already run out of the ca...
Raiffeisen Sees No Room For Populist Measures In Romania
Romania’s reshuffled government is likely to continue the main fiscal and economic policies initiated by the former cabinet, as any populist measure, such as higher pensions or salaries in t...
Romania January Retail Sales Rise At 3rd Fastest Pace In EU
Romanian retail sales rose 3% in January from the previous month, the third largest increase in the European Union, official data showed Monday.