Macroeconomics
Can The Finance Ministry Keep Interest Spending Under Control?
The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will inc...
President Calls For Prudent 2012 Budget
Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Tra...
Eurostat: Romania August Industrial Orders Rise At 7th Fastest Pace In EU
Romanian industrial new orders rose 12.5% in August from the year-earlier month, the seventh biggest growth in the European Union, official data showed Monday.
Romania, IMF Talks On 2012 Budget To Start From 2.3%-2.5% GDP Forecast
The talks between Romanian authorities and the stand-by agreement evaluation mission on the 2012 state budget will start from a forecast for economic growth of 2.3-2.5% and a budget deficit...
Eurostat Withdraws Reservation On Romania Deficit Data
Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern...
ZEW: Romania 6-Month Economic Outlook Worsens In October
Romanian economic outlook for the next six months declined for the fifth consecutive time in October, stripping the country of its top business destination title in the Central and Eastern E...
Almunia: Romania GDP Growth Forecast Looking Good
Romanian economy has gone through a period of relative stabilization in 2011 and the prospects for next year seem favorable, but the authorities should ensure the predicted growth materializ...
BRD: BNR Likely To Cut Key Rate By Quarter-Point In November
Romania’s lower-than-expected inflation could prompt the central bank to lower its key rate by a quarter-percentage point to 6% in November, the first cut in 17 months, BRD-Groupe Societe Ge...
BRD Cuts Romanian GDP Growth Forecast To 2.1% In 2012
Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from...