Macroeconomics
Romania Forex Reserves Rise To EUR33.6B In September
Romanian foreign exchange reserves rose to EUR33.62 billion in September from EUR32.55 billion a month earlier, central bank data showed Monday.
Romania Needs Additional Budget Cuts With Lower GDP Growth Forecast
Romania’s Finance Ministry is getting ready to redo next year’s budget draft after the International Monetary Fund has announced the halving of the economic growth forecast to about 2%, and...
IMF To Halve Romania’s 2012 GDP Growth Forecast On European Worries
The International Monetary Fund is likely to revise down its growth forecast on Romanian economy to around 2% in 2012, from 3.5% presently, due to deteriorating conditions in European market...
IMF: Political Pressures Could Weaken Romania Reform Process
The pace of reforms in Romania has slowed down in the last three months, particularly regarding the privatization of state-owned companies, and the International Monetary Fund is concerned t...
IMF: Romania To Step Up EU Funds Absorption, State Companies Reform
Romania has made good progress in reaching its economic and financial indicators under a EUR3.5 billion loan agreement with the International Monetary Fund, but further reforms are needed to...
INS: Romania August Jobless Rate Steady At 7.3%
Romania's unemployment rate was unchanged at 7.3% in August, seasonally adjusted data from the statistics institute INS showed Friday.
Nokia’s Departure From Cluj Comes As A Bolt From The Blue For Romanian Economy
The decision of Finnish group Nokia to shut down the plant in Jucu (Cluj County), where it was assembling EUR1.6 billion worth of cell phones a year, and to lay off about 2,200 employees cam...
Romanian Central Bank Sees Inflation Within Target By Year-end
Romanian central bank estimates the annual inflation rate will fall within the 2%-4% target set for the year-end and will remain at close levels throughout 2012, deputy governor Cristian Pop...
IMF Approves EUR495M Disbursement To Romania
The International Monetary Fund Thursday completed the second review of Romania’s economic performance under a EUR3.5 billion precautionary loan agreement, enabling the disbursement of a new...