Macroeconomics
Romania 3Q GDP Expands At Fastest Pace In EU
The Romanian economy grew at the fastest pace in the European Union in the third quarter of 2011 compared with the previous three months, official data showed Tuesday.
Romania 9-Month FDI Falls To EUR1.17B
Foreign direct investment, or FDI, fell 54.1% on the year to EUR1.17 billion in the first nine months, the Romanian central bank said Tuesday.
BNR: Romania's Current Account Gap Narrows To EUR3.8B End-September
Romania's current account deficit narrowed 10.8% to EUR3.79 billion in the first nine months, from a gap of EUR4.25 billion in the year-earlier period, due mainly to shrinking trade deficit...
Romania's Economic Growth Exceeds Expectations: 3Q GDP +1.9% On Quarter, +4.5% On Year
Romanian economy expanded by 1.9% in the third quarter, after a modest recovery of 0.2% three months earlier, a flash estimate of the country’s statistics institute showed Tuesday.
No Mention Of Any Privatization Or Listing Of State-Run Companies In 2012 Budget Draft
The 67-page report accompanying the 2012 state budget draft does not include even a single mention of the privatization of state-owned companies and of the sale of shares via the Bucharest S...
Statistics Institute Due To Announce Highest GDP Growth In Three Years
The National Statistics Institute is due to announce its flash estimate of the gross domestic product growth for the third quarter on Tuesday. Most analysts expect an annual GDP growth of ab...
Government Bets Again On 7% Rise In Budget Revenues
The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax...
Romania's 2012 Consolidated Budget: Revenue Seen At RON195B, Expenses At RON206B
Romania's 2012 general consolidated budget provides total revenue of 195.3 billion lei (EUR45 billion) and total expenses of RON206.5 billion, therefore a nominal deficit of RON11.2 billion,...
Romania '12 State Budget Revenue Seen At RON95.6B; Spending Capped At RON113B
Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON1...