Macroeconomics
Romanians Earned By RON9 More On Average In September
Romanian average net salary inched up 0.6% to 1,464 lei (roughly EUR336) in September, from RON1,455 a month earlier, the statistics institute INS said Friday.
2012 Targets: 2.2% Economic Growth And Budget Deficit Of 1.9%/GDP
Next year’s economic growth forecast could be set at 2.2% and the budget deficit target at 1.9% of GDP using the Romanian methodology of accounting (cash), according to sources close to the...
Basescu: 2012 Budget Targets Deficit Of 1.9% In Cash Terms
Romanian President Traian Basescu said Thursday, after a meeting with the IMF, World Bank and European Commission delegation, that next year's budget will be built on a deficit of 1.9% of th...
Analysts React To BNR's Rate Cut Decision: Too Little, Too Late
The central bank’s decision to cut its main interest rate by a quarter-point to 6% comes rather late and its effects on bank lending might pass unnoticed, analysts said.
BNR Cuts Key Rate To Boost Lending
Romania’s central bank Wednesday lowered its main interest rate by a quarter of a point to 6% a year, the first cut in the last year and a half, in a move to boost bank lending and energize...
Romania September PPI +0.9% On Month, +8.1% On Year
Romania’s industrial producer price index inched up 0.9% in September from a month earlier, backed by increases in most sectors, the country’s statistics institute INS said Wednesday.
Vasilescu, BNR: Lower FX Reserves Driven By Capital Outflows
The higher capital outflows on the backdrop of the international financial turmoil are primarily responsible for Romania’s declining foreign currency reserves in October, a central bank offi...
Romania Forex Reserves Fall To EUR32.2B In October
Romanian foreign exchange reserves fell to EUR32.19 billion in October from EUR33.62 billion a month earlier, central bank data showed Tuesday.
Third Quarter Macroeconomic Data Restores Analyst Optimism About Full-Year Growth
The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5%...