Macroeconomics
Romania To Verify State Companies Data After EU Cites Uncertainties On 2010 Budget Figures
Romania's Finance Ministry will verify the accuracy of the financial figures reported by a series of state-run companies, after the European Union expressed reserve on the quality of the bud...
Romania's 1Q Budget Revenue +10.2% On Year To RON41.6B
Romanian budget revenues rose 10.2% on the year to 41.6 billion lei (EUR10.2 billion) in the first quarter, mostly fueled by higher income from the sales tax and excise duties, the Finance M...
Romania Posts 11th Biggest Budget Gap In EU In 2010
Romania’s budget deficit stood at 6.4% of the gross domestic product in 2010, the 11th biggest gap across the European Union, official data showed Tuesday.
Romania To Set New Euro Adoption Target By End-April - PM
Romania’s Government will decide on a new euro-adoption calendar by end-April, after talks with the president and the central bank, Prime Minister Emil Boc said Tuesday.
ING: Jobless Figures Don’t Reflect Romanian Economic Reality
Romanian declining unemployment rate “is spectacular”, but it doesn’t reflect the economic reality in the country, ING Bank said in a report Friday.
IMF To Visit Romania April 27 - May 9
Joint teams from the International Monetary Fund, the European Commission and the World Bank will visit Romania between April 27 and May 9 for the first review of a EUR5.3 billion precaution...
Romanian FDI Seen Rising To EUR5.8B In 2014
The Romanian government estimates foreign direct investments will increase to EUR5.8 billion in 2014, from EUR3.6 billion predicted for this year, according to the draft convergence program...
Romania Foregoes 2015 Deadline For Euro Adoption
Romania gave up its self-imposed 2015 deadline for the euro adoption, saying the country will not be able to join the European Exchange Rate Mechanism (ERM-II) before 2013-2014, according to...
Tax Increases Could Shadow Romania Private Consumption Recovery
Romanian private consumption is set to pick up in the coming period, following sharp reductions in the previous years, but recovery could lag behind due to possible tax increases and higher...