Macroeconomics
European Commission Takes Bulgaria, Romania To Court On Gas Market Transparency Flaws
The European Commission took Romania and Bulgaria to the European Court of Justice, claiming the two states do not offer backhaul at all interconnection points, which blocks newcomers to the...
Parent Banks Unlikely To Lower Exposure To Romania, Says Central Banker
Foreign banks are not likely to lower their exposure to Romania, as large part of the existing financing is included in the share capital of their local subsidiaries and cannot be withdrawn,...
Raiffeisen Cuts Romania GDP Growth Forecast To 0.5% In 2012
Austrian financial group Raiffeisen Thursday revised downward its forecast on Romanian economic growth to 0.5% in 2012, from 1.8% previously, due to international financial turmoil and a pro...
Romania Plans To Absorb EUR6B In EU Structural Funds In 2012
Romania plans to absorb EUR6 billion in European structural funds in 2012, according to the draft state budget, and will continue to cut back on state spending, President Traian Basescu said...
Basescu: Romania Maintains Goal To Enter Euro Area In 2015
Romanian President Traian Basescu on Thursday reiterated Romania’s objective to join the euro area in 2015, adding that “it’s always good to have ambitious goals”.
BNR: Private Lending -0.8% On Month To RON221B In October
Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday.
Romania September Industrial Orders Rise At 5th Fastest Pace In EU
Romanian industrial new orders rose 14.5% in September from the year-earlier month, the fifth largest growth in the European Union, official data showed Wednesday.
Romania To Tackle Potential New Recession Better, EC Official Says
The recent structural adjustments and fiscal consolidation measures implemented in Romania may help the country cope better with a potential new stage of the recession in Europe, said Nicola...
Do You Know Where Your Money Goes?
ZF starts a campaign Tuesday to monitor how the 195 billion lei (EUR45 billion) that the government expects to collect for the consolidated budget in 2012, as indicated by the budget bill, w...