Macroeconomics
IMF Board To Review Romania EUR3.5B Loan Agreement June 24
The International Monetary Fund’s Executive Board will convene on June 24 to review Romania’s progress under a EUR3.5 billion precautionary loan agreement, according to the board’s agenda, p...
Eurostat: Romania 1Q Labor Costs Rise At 3rd Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 4.5% on the year in January to March, the third-biggest increase in the European Union, official data showed Monday.
ANAF To Lay Off 2,000 Employees
Romanian fiscal regulator ANAF will lay off 2,000 employees during reorganization, and more than half of the employees involved will have to leave within the next 60 days, the authority's pr...
Romania Posts Highest Annual Inflation In EU For 10th Straight Month
Romania posted the highest inflation in the European Union for the tenth consecutive month in May, while the EU's average rate eased to 3.2%, from 3.3% a month earlier, statistics office Eur...
Analysts: Economy Failed To Replicate Q1 Performance In Q2
Analysts of local banks believe Romania's economy had a weaker performance in the second quarter than in the first, when it rose by 0.7%, and there is even the risk of a slight GDP decline.
Eurostat: Romania April Industrial Output Rises At 10th Fastest Pace In EU
Romania’s industrial production rose 6.8% on the year in April, the tenth biggest increase in the European Union, official data showed Wednesday.
Foreign Direct Investment Falls To EUR444M In Jan-April
Romanian foreign direct investment, or FDI, fell to EUR444 million in January to April, from EUR623 million in the year-earlier months, the central bank said Tuesday.
Romania Jan-April Current Account Gap Narrows To EUR1.15B
The current account deficit narrowed 46.4% to EUR1.15 billion in the first four months, from a gap of EUR2.15 billion in the year-earlier period, due to lower trade deficit and higher transf...
Vladescu: Romania Should Spur Growth By Raising Deficit For Infrastructure Works
The only thing Romania can do to boost economic growth is to assume an additional budget gap by granting state guarantees for crucial infrastructure projects, says Sebastian Vladescu, a form...