Macroeconomics
Isarescu: Pension Cuts Preferable To VAT Rate Increase
Lowering the pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isare...
Romania Central Bank Sees Rising Capital Inflows On Medium-Term
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.
Isarescu: There’s No Predetermined Economic Growth Model
The economic growth model is not predetermined, but is based on the decisions of private investors and on macroeconomic policies, Romanian central bank governor Mugur Isarescu said Wednesday...
Eurostat: Romania's March Industrial Orders Rose At 9th Fastest Pace In EU
Romanian industrial new orders rose 14.5% on the year in March, the ninth fastest increase in the European Union, official data showed Tuesday.
New Forecasts For Romania's 2011 GDP Growth Climb Towards 2%
Analysts of local and foreign banks, as well as international financial institutions have improved or are thinking to revise upwards their forecasts about Romania's economy in 2011, with mos...
Romania Remains Top CEE Business Destination In May - Survey
Romanian economic outlook for the next six months improved slightly in May, anchoring the country in the first spot among the best business destinations in Central and Eastern Europe, a ZEW/...
EBRD Expects Romania FDI To Rise In 2011
The European Bank for Reconstruction and Development sees Romania's net foreign direct investment up to 2.9% of the gross domestic product in 2011, from 2% of GDP in the previous year. In 20...
EBRD: Romania's Current Account Deficit To Widen In 2011
The European Bank for Reconstruction and Development forecasts Romania's current account deficit will widen at 5% of the gross domestic product this year, from 4.2% of GDP in 2010. In its la...
EBRD Sees Romania's Budget Deficit At 4.4% Of GDP In 2011
EBRD estimates Romania will post a budget deficit of 4.4% of the gross domestic product in 2011, narrower from 6.4% of GDP a year earlier. For 2012, Romanian authorities plan to cut the defi...