Macroeconomics
President Basescu: IMF Follow-Up Deal To Allow Reforms To Continue
Romanian President Traian Basescu said Saturday that the new deal with the International Monetary Fund is "precautionary" and its purpose is continuing reforms, with international financial...
Romania, IMF Agree On Letter Of Intent For New Deal
Romanian authorities and the International Monetary Fund have reached an agreement on the Government's course of action outlined in the follow-up deal's letter of intent, people close to the...
Analysts See Romania's Annual Inflation Rising To 8.2% In April
Romanian consumer prices are likely to increase by 0.5% on the month in April, while the annual inflation is seen accelerating to 8.2%, according to a median forecast of the country’s associ...
Romania Likely To Spend Just 38% of EUR20 Billion Structural Funds
At the current pace of attracting European money, Romania will attract only 38% of the EUR20 billion in structural funds available between 2007 and 2013, according to an analysis conducted b...
BNR: Stable Exchange Rate Preferable On Long Run
Romania's central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Is...
Isarescu: Changing Euro Adoption Target Would Delay Reforms
Changing Romania’s euro adoption target would have only fueled political maneuvers to delay structural reforms, central bank governor Mugur Isarescu said Thursday, adding that the 2015 deadl...
Isarescu Says Romanian Food Prices Rise At 2nd Fastest Pace In Region
Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumpti...
Isarescu: Leu’s Appreciation Helped Mitigate Large Shocks
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu...
BNR Ups Inflation View To 5.1% In 2011, 3.6% In 2012
The Romanian central bank revised upwards its forecasts for 2011 and 2012 annual inflation to 5.1% and 3.6%, respectively, due to higher oil prices and additional inflationary expectations,...