Macroeconomics
IMF Mission To Recommend Approving New Loan Tranche For Romania
The International Monetary Fund's evaluation mission in Romania will recommend to the board approving the next tranche, worth EUR505 million, of the precautionary agreement, mission chief Je...
IMF Lowers Romania's 2012 Economic Growth Forecast To 1.5-2%
The International Monetary Fund has revised the forecast for Romania's economic growth this year downward slightly, from 1.8-2.3% to 1.5-2%, but does not rule out the GDP increasing by more...
Ialomitianu: Government Has No Intention To Reduce VAT On Food
Romanian Finance Minister Gheorghe Ialomitianu on Friday said the Government has no intention to reduce the value added tax, including for food products, adding the reduction of social secur...
Eurostat: Romania December Retail Sales Rise At 5th Fastest Pace In EU
Romanian retail sales rose 3.9% in December from the year-earlier month, the fifth largest increase in the European Union, official data showed Friday.
Ialomitianu: Decision To Hike Public Wages, Pensions Also Depends On Companies’ Profit
Romanian Finance Minister Gheorghe Ialomitianu said Friday a decision on increasing public wages and pensions will depend not only on the evolution of state budget revenues, but also on comp...
Romanian December PPI Rises At Fastest Pace In EU
Romanian industrial producer prices inched up 0.5% on the month in December, the highest increase in the European Union, official data showed Thursday.
BNR Pushes For Lower Interests. Key Rate Drops To 5.5%
Romania’s central bank Thursday cut its key monetary policy rate by 25 basis points for the third consecutive time to a record low of 5.5% a year, in line with analysts’ expectations, as inf...
Tourist Arrivals In Romania Up 16% On Year In 2011
Tourist arrivals in Romania rose 16% in 2011 compared with the year before, while overnight accommodations were up 12.2% on the year, the statistics institute INS said Thursday.
Consumption Didn't Rebound In 2011. Romania's Adjusted Retail Sales Fell 3.3% On Year
Romanian adjusted retail sales fell 3.3% in 2011 compared with the previous year, on lower sales in most sectors, the statistics institute INS said Thursday.