Macroeconomics
Eurostat: Romania Posts Highest Annual Inflation In EU For 9th Straight Month
Romania maintained the highest inflation in the European Union for the ninth month in a row in April, while the EU's average rate was up at 3.2% from 3.1% in March, statistics office Eurosta...
Current Account Deficit Shrinks To EUR634M In First Quarter
Romania registered a current account deficit of EUR634 million in the first quarter, narrower than EUR1.5 billion in the year-earlier period, the central bank said Monday.
BNR: FDI Inflow Drops 22% In First Quarter, To EUR379M
Romanian foreign direct investment, or FDI, fell 22% to EUR379 million in the first quarter, from EUR486 million in the same period a year ago, the central bank said Monday.
Dacia Duster Drives Romanian Economy Back To Growth
The growth of Romania's GDP in the first quarter of this year, eagerly awaited by the government, was driven by the increase in sales of the Dacia Duster SUV in the first three months of thi...
Romania To Cut Over 7,000 Jobs In State-Owned Companies
Romania's government has pledged to cut more than 7000 jobs in state railway companies, energy suppliers and the national postal company, while lowering their running costs through renegotia...
Government Promises To Hike Train Ticket Prices By More Than Inflation
Romania's Government has promised the International Monetary Fund that, by the end of August, it will amend legislation to allow state-owned transport companies CFR Calatori and Metrorex to...
Legal Advisors For Privatizations To Be Selected By July
Romania's Government will appoint, by July, legal advisors for the stock it plans to sell in state companies CFR Marfa, Tarom, Petrom, Transelectrica, Transgaz, Romgaz, Hidroelectrica and Nu...
EU Asks Romania For New Changes To Public-Private Partnership Law
Romania’s Government must amend the law on public-private partnership (PPP) again to allow the public procurement authority (ANRMAP) to check PPP contracts and ask the court to cancel contra...
State-Owned Companies To Crack Down On Debtors
The International Monetary Fund asked Romania to toughen up measures taken against clients who owe considerable sums to state-owned companies, using “legal measures” against those with arrea...