Macroeconomics
Romania Falls 7 Positions To 72 In World Bank’s Doing Business 2012 Report
Romania dropped seven positions in the World Bank’s annual report Doing Business ranking 72nd among 183, mainly because it now asks for a tax clearance certificate for a new company’s headqu...
EBRD: Lower 2012 GDP Growth Forecast Not Limited To Romania
Romania isn’t the only European country which saw its growth forecast reduced for 2012, as many economies will be affected by the worsening situation in the euro area, said Claudia Pendred,...
Tools For A New Stability Culture In Europe
Amid all the political uncertainty and market turbulence that are becoming a seemingly intractable feature of life in the euro area, there was one bright spot last week in an otherwise storm...
Romania August Construction Output Falls At 2nd Fastest Pace In EU
Romanian construction output fell 4.5% on the month in August, the second largest decline in the European Union, official data showed Wednesday.
Romania Could Slip Back Into Recession Anytime, PM Says
Romania could slip back into recession anytime next year, Prime Minister Emil Boc said Tuesday, adding the Government needs to continue its restructuring measures and prioritize investments.
EBRD Slashes Romania’s GDP Growth Forecast To 1.1% In 2012
The European Bank for Reconstruction and Development cut the economic growth forecast for Romania, in 2012, by 2.7 percentage points, to 1.1%, citing the high exposure to the Greek economy.
Erste: Romania Is More Resilient To Crisis Shockwave Than In 2008
Romania has become more resilient to a shock coming from the euro zone than in 2008, when the collapse of Lehman Brothers and the onset of the crisis threw the local economy into recession.
Boc: 2012 Budget Needs New GDP Growth, Deficit Estimates
Romania's Government has completed the draft of next year's state budget, but it will be sent to Parliament after the European Commission (EC) announces the economic growth forecast and afte...
Erste: Romania Private Consumption To Grow 1.7% In 2012
Romanian private consumption is likely to grow 1.7% in 2012, backed by stable savings levels and a low inflation, according to estimates of Juraj Kotian, analyst with Austria’s Erste Bank AG...