Macroeconomics
One Million Tons Of Corn Slip Through the Cracks. Traders Contradict Statistics Institute
Romania’s grain output is estimated at 11.4 million tons, up 27% on last year, according to the data of Cocereal, an European organization of grain traders. The traders’ estimate is one mill...
Romania Spends On Thumbtacks As Much As On Investments
The Romanian state’s goods and services expenditure equal investment expenses, while the situation is different when it comes to EU-funded contracts, which proves European norms impose great...
JPMorgan: Romanian Leu To Gain 3% Vs Euro In Coming Days
Romania’s leu is bound to strengthened by 3% against the euro over the next few weeks as local lenders prepare to transition to international accounting standards and will be exchanging euro...
IMF Sees Romania's Structural Deficit At 0.1% Of GDP In 2012
Romania's structural deficit will drop from 2.8% of the gross domestic product this year, to 0.1% of the GDP in 2012, thus respecting the 0.5% limit established in the latest European summit...
Basescu Passes 2012 State Budget, Social Security Budget Bills
Romanian President Traian Basescu on Tuesday signed the 2012 state budget bill and social security budget bill into law, the Presidency said in a press release.
Franks: Romania, World Bank Could Sign IMF-Like Deal In 2012
The World Bank could provide new aid to Romania in 2012 under a precautionary loan agreement to be accessed in case of emergency, similar to a financial program signed with the International...
IMF: Romania Central Bank Should Keep Reserve Requirements Unchanged
Romania's central bank should not lower its minimum reserve requirements imposed on commercial lenders in the following period to make sure it has sufficient buffer against potential difficu...
IMF: Romania Economy On Track, But Risks Increased ‘Considerably’
Romania has made “good progress” under a EUR3.6 billion loan agreement signed with the International Monetary Fund and is on track to meet its 2011 fiscal targets, but the escalation of the...
BRD Boss: 2012 Will Resemble 2011, Economy Remains Sluggish
2012 will be another difficult year, it will probably resemble 2011 and will not bring any spectacular developments, said Guy Poupet, chairman of BRD-SocGen, the second largest bank on the m...