Macroeconomics
Fitch Upgrades Bucharest To 'BBB-' With Stable Outlook
Fitch Ratings Friday upgraded the Romanian city of Bucharest's long-term foreign currency ratings to 'BBB-' from 'BB+' and the long-term local currency ratings to 'BBB' from 'BBB-', with sta...
Eurostat: Romania June Industrial Output Falls At 5th Fastest Pace In EU
Romania’s industrial production fell 2.2% on the month in June, the fifth largest decrease in the European Union, official data showed Friday.
Basescu Supports Government’s Fiscal Strategy, Says Country Needs More Public Sector Layoffs
Romanian president Traian Basescu said Friday he supports the Government’s recently adopted fiscal strategy, adding Romania would default if it keeps borrowing money to pay wages and pension...
Fiscal Council Denounces Government’s Fiscal Strategy Again
The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel...
Businesspeople Encouraged To Continue Investments, But Fear Grips Business World
The volatility of the global financial markets has contaminated people in the local business world. While academics call for more investments, businesspeople are afraid of more expensive len...
Fiscal Council: 2012 Budget Gap Target Difficult To Achieve
Romania’s 2012 budget deficit target of 3% of the gross domestic product will be “very difficult to achieve”, particularly since the fiscal strategy doesn’t factor in the situation of state-...
BNR: Romania FDI Down 17.3% To EUR1B In First Half
Romanian foreign direct investment, or FDI, fell to EUR1.01 billion in January to June, down 17.3% on the year, preliminary central bank data showed Thursday.
Romania's Current Account Gap Narrows To EUR2.6B In 1H
Romania's current account deficit narrowed 28.6% to EUR2.6 billion in the first six months, from a gap of EUR3.6 billion in the year-earlier period, due to lower trade deficit and higher tra...
Pension Reform Widens Pension Fund Gap By EUR1B. What Did The Reform Mean, Then?
The much-talked about pension reform is adding EUR1 billion to the pension fund gap. While last year, during discussions about the new pension law, officials maintained reform would mean add...