Macroeconomics
Romania Central Bank Leaves Key Rate On Hold At 6.25%
Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the eleventh straight time, dampening hopes for a monetary easing to help bolster lending.
Romania Will Need Plan B If Greece Exits Euro Zone
Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in...
BNR Has Scope For Monetary Easing, Former FinMin Says
The lower inflation could give Romania’s central bank enough room to ease its monetary policy rate, even if not by much, analyst and former finance minister Daniel Daianu said Wednesday.
INS: Romanian Executives Expect Growth In Industry, Retail; Decline In Constructions
Romanian managers expect moderate growth in industry and retail, relative stability in services and moderate decrease in construction between September and November 2011, the statistics inst...
Romania Housing Permits Down 7% YY In August, To 4,345
Romania issued 4,345 buildings permits for residential projects in August, up 11.9% on the month but down 7% on the year, the statistics institute INS said Wednesday.
Entrepreneurs Believe BNR Will Cut Key Rate This Time
Businesspeople continue to expect a signal from the central bank (BNR) to boost the economy by encouraging lending, after a year and a half during which the key rate has been frozen at 6.25%...
Moody’s Sees Romania 5-Year Default Probability At 8.9%
The probability of a Romanian sovereign debt default in the next five years reached 8.9% at the end of last week, after the 12-month risk nearly doubled to 1.35%, from 0.76% in the previous...
Can A VAT Cut Be Considered When Drafting The 2012 Budget?
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when econ...
Romania Budget Deficit Widens To RON12.9B In August
Romania’s consolidated budget posted a deficit of 12.97 billion lei (EUR3.01 billion) in the first eight months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Mon...