Macroeconomics
Ungureanu Wants Tax Evasion Crackdown To Bring EUR2B To Budget In Next Two Months
Romanian Prime Minister Mihai-Razvan Ungureanu on Friday called on Cabinet ministers and heads of authorities fighting tax evasion to collect and pour into the state budget, in the next two...
Romania December Construction Output Rises At 8th Fastest Pace In EU
Romanian construction output rose 3.1% on the year in December, the eighth largest increase in the European Union, official data showed Friday.
Romanian New Government To Meet IMF/EU Officials Next Week
Officials of the International Monetary Fund and the European Commission will visit Romania on February 21 and February 22 to meet the new government and discuss recent economic developments...
Ungureanu Invites IMF, EC Mission Chiefs To Work Meeting In Bucharest
Romanian Prime Minister Mihai Razvan Ungureanu has invited Jeffrey Franks, head of the IMF mission to Romania, and Istvan Szekely, Director and European Commission mission chief to Romania,...
Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...
Prospects Of New Recession Cloud Good News Of Economic Growth In 2011
The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012.
Ruling Coalition Signs Protocol Backing Ratification Of EU Stability Treaty
The Romanian ruling coalition on Wednesday signed a protocol supporting the signing and ratification by the country of the EU fiscal stability treaty.
Romanian Economy Grew By 2.5% In 2011
Romanian economy expanded at an annualized rate of 2.5% in 2011, after a decline of 1.3% in the previous year, a flash estimate of the country’s statistics institute showed Tuesday.
Fund Managers Were Too Busy With Reviews In January To Attract EU Funds
The heads of management authorities in charge of drawing EUR19.7 billion in EU funds come with different arguments when it comes to explaining why no payments were made in January: some say...