Macroeconomics
Romania Borrows EUR11.5B In Five Months To Keep Going
The record-high EUR1.5 billion raised by the Finance Ministry last week from the foreign markets brings to over EUR4.5 billion the foreign currency debt accumulated by Romania since the begi...
Romania's GDP Growth Could See Downside Pressure If EU Recovery Sluggish
Romanian economic growth could come under slight downward pressure from declining trade with northern European states, particularly Germany, but the year-end figure should be close to offici...
Inflation Climbs To 33-Month High In May
The consumer prices index inched up 0.2% in May from a month earlier, while the annual inflation hit a 33-month high at 8.41%, the statistics institute INS said Friday.
Exports Brake In April, Posting 17% Decline Against March
Exports came with an unpleasant surprise in April, falling by 17% against the all time high reached in March, to EUR3.3 billion.
INS: Trade Deficit Narrows To EUR2.4B In January-April
Romania’s trade deficit narrowed to EUR2.39 billion in the first four months of 2011, from EUR2.93 billion in the year-earlier period, the statistics institute INS said Thursday.
Romanians Working Abroad Saved EUR100B In Ten Years
The three million Romanians who worked in Western Europe over the past ten years saved EUR100 billion, four times as much as household savings in local banks.
S&P Affirms Romania’s Credit Rating At ‘BB+’; Outlook Stable
Standard & Poor’s Wednesday affirmed Romanian sovereign credit ratings at 'BB+/B' for foreign currency and at 'BBB-/A-3' for local currency, saying it expects economic recovery to remain slu...
Moody’s Has No Plans To Revise Romania’s Credit Rating
Moody’s Investors Service has no plans to change Romania’s credit rating in the next twelve months, the agency's Central Europe director Petr Vins said Wednesday.
WB Raises Romania 2011 Growth Outlook To 1.6%
The World Bank has revised slightly upward its forecast on Romanian economic growth to 1.6% in 2011 from 1.5% previously, citing improved export performance, according to a report on global...