Macroeconomics
Romania's Forex Reserves Rise To EUR32.7B In May
Romanian foreign exchange reserves rose to EUR32.7 billion in May from EUR32.07 billion a month earlier, central bank data showed Wednesday.
AOAR: Romanian Leu Still Overvalued Vs Euro, Exports Affected
Romanian leu is still overvalued and its continuous appreciation versus the euro has a negative impact on exports and, implicitly, on economic recovery, the Romanian Businessmen Association...
INS: Managers Expect Growth On All Sectors In May-July
Managers expect moderate growth in industry, retail and services and growth in construction between May and July this year, compared to the previous three months, the country’s statistics in...
INS: Housing Permits Down 14.7% On Year In April, To 3,145
Romania issued 3,145 buildings permits for residential projects in April, down 14.7% on the year and down 6.8% compared to March, the statistics institute INS said Monday.
Bourse Privatizations Lost Between Government Delays And Opposition's Neglect
The Social Liberal Union (USL), the leading opposition political force in Romania, on Friday presented its economic plan, which, however, does not include any reference to the stock exchange...
Leu In Ranges, Exchange Rate At 4.1315 Vs Euro
The Romanian leu lost early gains against the euro in mid-trade Friday, on deteriorating sentiment in the region, but the central bank's indicative gained slightly to 4.1315 units, from 4.13...
World Bank Lends Romania EUR500M For Social Assistance Reforms
The World Bank’s Board of Executive Directors on Thursday approved a EUR500 million loan to support a social assistance program of Romania’s government estimated at EUR5.5 billion.
Roubini: Romania Is Going In The Right Direction, Reforms Must Continue
Romania is going in the right direction, with the economic recovery starting to manifest itself after the restructuring has started to bear fruit, but the recovery is slow, and structural re...
President Basescu Invites BNR Governor Isarescu “Into Arena”
Romanian President Traian Basescu yesterday launched a direct attack against central bank governor Mugur Isarescu, saying that, before lecturing on how to run a country, he should come out i...