Macroeconomics
Romania July Construction Output Rises At 2nd Fastest Pace In EU
Romanian construction output rose 3.3% on the month in July, the second biggest increase in the European Union, official data showed Monday.
Romania 2Q Labor Costs Rise At 2nd Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 7.2% on the year in April to July, the second-biggest increase in the European Union, official data showed Friday.
Analysts Adjust 2012 GDP Forecasts Towards 2%-3%
The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone coun...
Romania Posts 6th Highest Annual Inflation In EU In August
Romania posted the sixth highest annual inflation in the European Union in August, while the EU’s average rate was unchanged at 2.9%, the statistics office Eurostat said Thursday.
Exports To Non-EU Countries Speed Up, But Cannot Make Up For Low Demand In Eurozone
Exports to countries outside the European Union have started to gain ground in the last few months, recording higher year-on-year growth rates than those recorded by trade with EU countries,...
Romanian Government Approves Letter Of Intent To IMF Deal
Romanian government Wednesday approved the final version of its letter of intent to a EUR3.5 billion precautionary loan agreement with the International Monetary Fund, following a review mis...
Eurostat: Romania July Industrial Output Matches EU Growth Pace
Romania’s industrial production rose 1.2% on the month in July, similar to the European Union average growth of 1.1%, EU’s statistics office Eurostat said Wednesday.
BNR: Loan Restructuring Not Enough To Bolster Debt Repayment
Romanian banks didn’t quite benefit from loan restructuring schemes over the past year, mostly due to adverse economic conditions, and the low repayment ratio is putting pressure on lending...
Inflation Decline Leaves Room For Central Bank To Give Leu Lending A Boost
Prices were down for the third month in a row in August, as a result of the good farming year, but also of the decline in demand.