Macroeconomics
Romania's Public Debt Widens To RON214B In June
Romania’s public debt rose to 214.02 billion lei (EUR50.7 billion) in June, from roughly RON201 billion a month earlier, Finance Ministry data showed Wednesday.
Boc: 2012 GDP Growth Depends On External Conditions
Romanian economy is likely to grow by around 3.5% in 2012, depending on the situation in international markets, particularly in the eurozone, Prime Minister Emil Boc said Wednesday.
Romania’s July Budget Gap Stays At RON11.4B, 2.09% Of The GDP
Romania’s consolidated budget posted a deficit of 11.4 billion lei (EUR2.68 billion) in July, equal to 2.09% of the gross domestic product, roughly the same as in June, Finance Ministry data...
Eurostat: Romania June Industrial Orders Fall At 5th Fastest Pace In EU
Romanian industrial new orders fell 3.4% in June from a month earlier, the fifth steepest decline in the European Union, official data showed Wednesday.
BNR Set To Discuss Monetary Policy Rate And Minimum Leu Reserve Cut
The National Bank of Romania (BNR) will discuss cutting the monetary policy interest rate and the minimum leu reserve requirements this fall in order to encourage lending in the local curren...
Raiffeisen Cuts Romania GDP Growth Forecast To 2.7% In 2012
Austrian financial group Raiffeisen Tuesday revised downward its forecast on Romanian economic growth to 2.7% in 2012, from 3.5% previously, due to the negative effects of the faltering reco...
JP Morgan Revises Romania’s Economic Growth Forecast Down To 1.2%
JP Morgan has significantly cut Romania’s growth estimate for this year, expecting the gross domestic product to increase by just 1.2%, while the bank’s estimate at the beginning of the year...
Romania's June Construction Output Falls At 4th Fastest Pace In EU
Romanian construction output fell 10% on the year in June, the fourth steepest decline in the European Union, official data showed Thursday.
EIU Sees Romania’s Economy Up 1.7% In 2011
Romania is facing some tough austerity measures and its economic growth should reach just 1.7% this year, with expectations of strengthening in 2012, according to a report published Wednesda...