Macroeconomics
EBRD Raises Romania GDP Forecast To +1.8% In 2011
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity...
S&P Withdraws BNR’s Ratings In Procedural Action
Standard & Poor's has withdrawn its ratings on the National Bank of Romania (BNR, the central bank of Romania), as the purpose for which the rating was initially issued ceased to exist.
S&P Lists BNR Outlook Stable With One Year Delay, Citing Administrative Error
Standard & Poor's Rating Services Thursday said that due to an administrative error the rating outlook on the National Bank of Romania (BNR, the central bank of Romania), which is linked to...
Basescu: No Further Bank Taxes In Sight
Romanian President Traian Basescu Thursday said the government doesn’t plan to increase banking taxes.
Romania Can’t Afford Lower Social Security Taxes, President Says
Romanian President Traian Basescu Thursday said the economy can’t afford lower social security contributions until tax collections improve.
Basescu Says VAT Increase ‘A Political Error’
Romanian President Traian Basescu on Thursday said that raising the value added tax rate to 24% from 19% was a “political error” that delayed the country’s exit from recession by at least si...
Energy Price Deregulation Must Happen Quickly, President Says
Romania's government must establish “very quickly” a calendar for price deregulation in the energy and natural gas sectors to allow an adequate inflation targeting at the central bank, Presi...
Basescu Says 2011 GDP Growth May Top Forecast
Romanian economic growth could top 2% this year, above the 1.5% official forecast, President Traian Basescu said Thursday.
Where Are the 200,000 Work Contracts Sealed In Two Weeks That Boc Is Talking About?
The new Labor Code led to the sealing of nearly 200,000 new employment contracts in two weeks' time, says the Romanian Prime Minister Emil Boc. However, it is not known which companies hired...