Macroeconomics
Ialomitianu: We Have Everything Under Control, No Need For Extra Action
Romania’s fiscal and economic program agreed with the International Monetary Fund and the European Union is sufficient to tackle the effects of the recent global downtrend and the authoritie...
Government To Refund Petrom For EUR600M Eco-friendly Works Until 2034
Romanian leading oil company OMV Petrom (SNP.RO) is poised to receive EUR600 million from the state for ecological works at its units until 2034, Chief Executive Officer Mariana Gheorghe sai...
CNH Debt To Budget Widens To RON4.6B In 1H
Romanian state-owned coal mining company CNH’s total debt to the government budget widened 13% to 4.67 billion lei (EUR1.1 billion) in the first half of 2011, the country’s fiscal authority...
OMV Petrom: Romanian Consumption To Pick Up In 2H
Romanian macroeconomic outlook remains favorable for the second half of 2011, with domestic consumption bound to pick up toward year-end, according to estimates of dominant oil company OMV P...
Surprise Fall In Romania Inflation Rate To 4.85% In July
Romanian consumer prices fell for the second straight month in July, as food prices continued to decline, while the annual inflation saw a drop to 4.85%, from 7.9% a month earlier, official...
Basescu Calls For Caution And Continued Reform To Secure Growth
Romanian President Traian Basescu on Tuesday called on the Government to remain cautious and continue to cut public spending in the current difficult global economic context.
Transport Ministry Sees Privatization Revenues Triple To RON50M
The Romanian Transport Ministry will revise its privatization budget this year and expects it will obtain revenues of 52.5 million lei (about EUR12.3 million), mainly from dividends, triple...
Boc Says Industry, Exports Slowdown In June May Affect Romania 2Q GDP Growth
Romanian second-quarter economic growth was likely affected by a slowdown in industrial production and exports, Prime Minister Emil Boc said Tuesday.
Tax Evasion In Romanian Alcohol Industry Costs Budget EUR4.5B In Past 8 Years
Tax evasion in the Romanian alcohol business has generated excise duty losses of EUR3.3 billion, plus EUR1.2 billion from unpaid VAT and other taxes, between 2003 and 2010, according to indu...