Macroeconomics
Romania's Public Debt Widens To RON207.6B In August
Romania’s public debt rose to 207.57 billion lei (EUR48 billion) in August, from RON204.63 billion a month earlier, Finance Ministry data showed Monday.
Romania September Jobless Rate Rises To 7.5%
Romania's unemployment rate was at 7.5% in September, compared to 7.3% in August, seasonally adjusted data from the statistics institute INS showed Monday.
Basescu: Romania’s Economy Might Grow 3% On Year In 3Q
Romania’s economy might grow 3% in the third quarter compared with the same interval a year ago if the country’s economic performance in September is not spectacularly bad, President Traian...
FDI In Romania Less Productive Than In CE Region, WB Says
Foreign direct investment in Romania has been less productive than in other countries in Central Europe and its contribution to the economy is rather reduced, an official of the World Bank s...
Can BVB Help Romanian Entrepreneurs Build A Strong Bank?
Eastern European countries need to encourage local banks, and where there aren’t any, they may have to build them from scratch, in order to have an alternative to the financing offered by fo...
Franks, IMF: Romania Made Insufficient Progress In Dealing With Money-Losing Companies
Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the In...
IMF: Romania Must Shield Itself From Financial Turmoil
Romania doesn’t need a full body armor against the international financial turmoil, but it should insulate itself well enough so it doesn’t become the next victim of the markets, an official...
Tough Month For Government: How Will Romania Escape The Approaching Storm?
Romania has entered a really tough month. The government in Bucharest is faced with five major challenges amid the international turmoil. With a mission of the International Monetary Fund on...
Romania Budget Gap Widens To RON13.7B In September
Romania’s consolidated budget posted a deficit of 13.7 billion lei (EUR3.16 billion) in the first nine months, equal to 2.5% of the gross domestic product, Finance Ministry data showed Tuesd...