Macroeconomics
Romania Accepts EU Deficit Rules On Condition Of Being Allowed At Eurozone Member Talks
President Traian Basescu announced last night, before leaving for the European Union summit, whose main agenda is to reach agreement on deficit rules in the European Union, that Bucharest wi...
IMF Cuts Romania’s Economic Growth Forecast To 1.3%
The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates...
Romania Housing Permits Down 6.6% In 2011, To 39,424
Romania issued 39,424 building permits for residential projects in 2011, down 6.6% from the previous year, the statistics institute INS said Friday.
Romania 2011 Budget Gap Shrinks To 4.35% Of GDP
Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday.
EU Urges Romania To Simplify Merger & Division Rules
The European Commission Thursday said Romania and four other states have failed to comply with their obligation to implement simplified rules on mergers and divisions and requested the five...
BNR: December Overdue Loans Down 2.6% To RON21.3B
Romanian overdue private loans fell 2.58% on the month to 21.33 billion lei (EUR4.88 billion) in December, equal to 9.47% of the total lending, according to data released Thursday by the cen...
Coface: Romanian Construction Market Remains Critical
Romanian construction market is still mired in the crisis as the weak demand and reduced financing from the local banking sector make the recovery difficult, according to a survey from credi...
BNR: Romania Private Lending +3.3% In 2011, To RON223B
Romanian private lending rose 3.3% in real terms to 223 billion lei (EUR51.3 billion) in December 2011 compared with the same month a year earlier, central bank (BNR) data showed Wednesday.
Eurostat: Romania November Industrial Orders Rise At 3rd Fastest Pace In EU
Romanian industrial new orders rose 6.3% in November 2011 from the previous month, the third largest growth in the European Union, official data showed Tuesday.