Macroeconomics
If Necessary, BNR Could Use Greek Banks' Properties As Loan Guarantees
The Romanian central bank, or BNR, has tools to intervene if crisis scenarios prompted by the situation in Greece become a reality on the Romanian banking market, starting from the bilateral...
Romania To Apply Reverse Taxation On Cereal Starting June 1
Romania will apply reverse taxation on cereal and plants with industrial use for about two years starting June 1, according to a draft emergency ordinance drawn up by the Finance Ministry.
Roubini: Romania Unlikely To Join Eurozone In 2015
Romania will probably miss its self-imposed deadline for euro adoption in 2015, American economist Nouriel Roubini said Wednesday, mentioning that there’s “nothing wrong with waiting another...
Roubini: Romania To See Slow, U-Shaped Economic Recovery
Romania's economy is experiencing a slow, U-shaped recovery which should gain momentum with aid from structural reforms, US economist Nouriel Roubini said Thursday in Bucharest.
EIB: Romania Registers Delays In All Stages Of EU Fund Absorption Process
Romania registers delays in all phases of the EU fund absorption process, also because financing must be ensured before projects are approved, Thursday said Milena Messori, head of the Europ...
Romania’s Budget Posts RON829M Surplus In April
Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million) in April, fueled by higher revenue, while the budget deficit for the first four months of 2011 narrowed t...
ANOFM: Jobless Rate Falls To 5.4% In April
Romania’s unemployment rate fell to 5.41% in April, from 5.92% a month earlier, the country’s employment agency ANOFM said Wednesday.
Romania Cuts Government Guarantees Cap To RON10B In 2012
Romania may issue government guarantees in the limit of 10 billion lei (EUR2.45 billion) in 2012, down from a RON14 billion cap agreed with the International Monetary Fund for this year.
Ialomitianu: Romania Not Considering Any VAT Cut
Romania's Government is not considering lowering the value added tax for anything, Finance Minister Gheorghe Ialomitianu said Wednesday, in reply to National Housing Agency (ANL) official Ro...