Macroeconomics
Fitch Ups Brasov, Oradea Ratings; Puts Bucharest On Positive Watch
Fitch Ratings upgraded the Romanian cities of Brasov and Oradea's long-term foreign currency ratings to 'BBB-' from 'BB+', with stable outlooks, the agency said in a statement Thursday.
Analysts Believe The Economy Slowed Down In Q2 Against Q1, Despite Positive News In May
The economy is expected to slow down in the second quarter against the first quarter, despite good news on May performance, say analysts.
Romania Used Only 10% Of Sum Allotted For Technical Assistance In Absorbing EU Funds
One of Romania’s major problems regarding European fund absorption is the fact that the country used only 10% of EU funds available for technical assistance, KPMG representative Florin Banat...
Adjusted Construction Works +2.9% On Month In May - INS
Romanian construction works rose 2.9% in May compared with a month earlier, fueled by a 2.1% increase in new constructions, the statistics institute INS said Wednesday.
INS: Industrial New Orders Up 3% On Month In May
Industrial new orders rose 3% on the month in May, fueled by growth in all sectors, the statistics institute INS said Wednesday.
INS: May Industrial Sales +10.3% On Month, +17.3% On Year
Industrial sales rose 10.3% on the month in May, fueled by higher sales in all sectors, the statistics institute INS said Wednesday.
We Did Not Know Why We Grew, Now We Don’t Know Why We Are Sliding
Almost three years after the economic crisis was first felt on the Romanian market, and after the economy has lost EUR30 billion, with tens of thousands of companies going insolvent or disap...
Finance Ministry Has To Pay Back EUR9.8B As Part Of The Loan Meant To “Stabilize” Romania
The huge EUR20 billion loan taken out by Romania in 2009 from the International Monetary Fund (IMF), the European Commission and the World Bank – first as a “safety net”, but which soon beca...
Romania Retail Sales Fall At 3rd Fastest Pace In EU In May
Romanian retail sales fell 6% on the year in May, the third largest increase in the European Union, official data showed Tuesday.