Macroeconomics
Drought Might Cut Farm Production By 50%, Harm GDP Growth In 2012
Low rainfall in the next months will reduce Romania’s production of vegetables by 50%, which will affect the economic growth estimated for next year.
Finance Ministry Wants To Extend Maturities Of Government Securities
The Finance Ministry will expand maturities of government securities, according to the requests of institutional investors and can even launch “specific instruments,” according to investor r...
Romania 3Q Labor Costs Rise At 2nd Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 7.9% on the year in July through September, the second-biggest increase in the European Union, official data showed Friday.
Romania Has Second-Highest Income Tax Rates In CEE - Survey
Romania has one of the highest corporate and personal income tax rates in central and eastern Europe, second only to neighboring Hungary, a survey from tax advisory firm Accace showed Wednes...
Romanian Parliament Adopts 2012 Social Security Budget
Romania’s Parliament on Thursday adopted the country’s 2012 social security budget.
Romanian Prices Rise At 4th Fastest Pace In EU In November
Romanian consumer prices inched up 0.4% in November, the fourth biggest one-month increase across the European Union, official data showed Thursday.
Romanian Parliament Adopts 2012 State Budget
Romania’s Parliament on Thursday adopted the country’s 2012 state budget.
European Commission To Resume Payments To Romania Through Operational Program
The European Commission has decided to unfreeze EU funds going to Romania through the Regional Operational Program (POR), Regional Development and Tourism Minister Elena Udrea said Thursday.
EIU: Romanian Economy To Grow 0.5% In 2012
Romania’s economic growth will likely slow down to 0.5% in 2012, from 2% predicted for this year, due to new austerity measures and external pressures, the Economist Intelligence Unit said i...