Macroeconomics
EBRD Cuts Romania GDP Growth Forecast To 0.8% In 2012
The European Bank for Reconstruction and Development Tuesday revised downward its forecast for Romanian economic growth to 0.8% in 2012, from 1.1% previously, citing ripple effects from the...
Moody’s: Street Protests In Romania May Delay Reform, Impact Rating
The recent anti-government protests in Romania might slow down fiscal and structural reforms initiated under an international bailout package over two years ago, putting negative pressure on...
Romanians Didn't Feel The Economic Growth Last Year, But They Could See A Slowdown In 2012
The Romanian economy returned to positive territory last year, after two years of recession, but the growth of the gross domestic product was not felt by the people, as signs of a consumptio...
UniCredit: FDI Flows Affected By Risk Aversion, Political Uncertainty
Foreign direct investments in Romania will remain subdued in 2012, amid increasing risk aversion in international markets and political uncertainty on the local market, Italy’s UniCredit sai...
UniCredit: External Financing Remains Romania’s Main Challenge In 2012
External financing could prove costly for Romania in the first half of 2012 and the country may have to tap into a EUR5 billion loan made available through a precautionary program from the I...
Romanian President Says Economy Grew 2.5% In 2011
Romanian economy grew at an annualized rate of 2.5% in 2011, mostly fueled by higher exports and a good farming harvest, President Traian Basescu estimated Thursday.
WB Cuts Romania Growth Outlook To 1.5% In 2012
The World Bank has revised downward its forecast on Romanian economic growth to 1.5% in 2012 from 3.7% previously, citing deteriorating external outlook and the country’s increased vulnerabi...
Difficult Year Ahead For Romanian Economy - Coface
Romania faces a difficult economic year in 2012, amid shrinking demand from foreign partners as the euro zone crisis shows no sign of abatement and potential bank deleveraging as European le...
Eurostat: Romania November Construction Output Rises At Fastest Pace In EU
Romanian construction output rose 16.9% on the month in November, the largest increase in the European Union, official data showed Wednesday.