Macroeconomics
Romania’s Public Debt Rises Despite Examples Of Devastating Consequences Thereof
The sovereign debt crisis that threatens to choke the euro zone and the entire European Union with it, calls for steps throughout the entire Europe to contain it by cutting government spendi...
Raiffeisen Sees Inflation Below 2.5% In First Half Of 2012
Inflation might temporarily declined below 2.5% in the first half of next year, mainly due to a favorable statistical base effect, but the central bank might reduce the key rate b 0.5 percen...
FDI Dwindled In 2011, No Encouraging Signs For 2012
Foreign direct investment (FDI) plummeted in 2011, as Romania was not really attractive to non-residents despite the return of its economy to positive territory. Signals for 2012 are not tha...
A Look Back On The First Year Of The IMF Precautionary Agreement
Romania sealed another two-year arrangement with the International Monetary Fund this spring, which it has so far treated as precautionary, as it has not drawn money from the amounts made av...
INS: Housing Permits Down 9.1% On Year In November, To 2,758
Romania issued 2,758 buildings permits for residential projects in November, down 5.7% on the month and down 9.1% on the year, the statistics institute INS said Wednesday.
INS: Executives See No Growth In Dec 2011-Feb 2012
Managers expect relative stability in retail, moderate decline in industry and services and decline in construction between December and February, according to data published Wednesday by st...
Government Approves New Tax Code To Take Effect On January 1, 2012
The Romanian Government approved the new Tax Code, which raises excise duties on diesel fuel and property taxes for companies that failed to reevaluate their buildings over the past years, p...
Local Taxes Might Be Raised By Up To 50% Or Considering Contributors’ Purchasing Power
Romanian local authorities might be allowed to increase annual taxes by up to 50% or eliminate the current 20% increase cap and raise local taxes depending on contributors’ purchasing power.
Romania's Budget Deficit Widens To 3% Of GDP In November
Romania’s consolidated budget posted a deficit of 16.9 billion lei (EUR3.9 billion) after the first 11 months, equivalent to almost 3% of the gross domestic product, a Finance Ministry offic...