Macroeconomics
Number Of Insolvencies Nears 14,000 In First 9 Months, Down 10% On Year
A total 13,984 firms went insolvent in Romania within the first nine months of the year, 10% less than in the same interval of the previous year, according to data from the national trade re...
EU Commissioner: EC Wants To Raise Direct Payments Per Hectare By 25% For Young Farmers
EU Commissioner for Agriculture Dacian Ciolos said Friday the European Commission’s proposals on the 2014-2020 Common Agricultural Policy include a 25% increase in direct payments per hectar...
KPMG: Romania Among States With Highest Social Contribution Rates
Romania ranks among the countries with the highest level of combined employer/employee social contributions on $100,000 of gross income, placing it 18th among 87 states surveyed in the categ...
Romanian Prices Post EU's 2nd Biggest Monthly Fall In September
Romanian consumer prices declined 0.2% in September, the second biggest one-month fall in prices across the European Union after Malta, official data showed Friday.
Romania Attracted Record Low FDI In August, Just EUR20M
Investors no longer have faith in the Romanian government policies since foreign direct investment amounted to merely EUR21 million in August, down 82.5% compared to the same period of last...
Orban: EU Fund Absorption Has Not Improved In Recent Months
Leonard Orban, Minister of European Affairs, said Thursday that Romania's EU fund absorption rate has not improved in the last few months by more than 0.2%, because of the decision to stop s...
Minister Leonard Orban Wants EU Fund Absorption Rate Of At Least 20%
Romanian Minister for European Affairs Leonard Orban said Thursday he wants Romania to reach a European fund absorption rate of at least 20% by the end of 2012.
Investments In Romania Continue Decline. FDI At EUR1.12B In 8 Months, Down 52% On Year
Romanian foreign direct investment, or FDI, fell 52% to EUR1.12 billion in the first eight months, from around EUR2.35 billion in the year-earlier period, the central bank said Thursday.
Romania's Current Account Gap Narrows To EUR3.3B In First 8 Months
Romania's current account deficit narrowed 19.7% to EUR3.29 billion in the first eight months, from a gap of EUR4.1 billion in the year-earlier period, due mainly to a lower trade deficit an...