Social/Politics
INS: Romania Average Net Salary Up 0.9% In September
Romanian average net salary increased 0.9% to 1,698 lei (EUR380) in September, from RON1,683 a month earlier, the statistics institute INS said Thursday.
Romania Suggests KazMunayGas To Build Chemical Plant In SE Region Of Dobrogea
The Romanian government proposed Rompetrol owner KazMunayGas to build a chemical plant in the southeastern Romanian region with the $1 billion it pledged to invest in the country, Energy min...
Capital Economics: Romania Low Inflation May Spur More Rate Cuts
The Romanian central bank’s decision to cut its key rate to 2.75% won’t have much of an impact on overall monetary conditions, but signals the policymakers are alert to the prospects of even...
European Commission Sees Romania Out of Recession In 3Q
Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technic...
Romania Central Bank Cuts Key Rate By 25 Bps To 2.75%
Romania’s central bank Tuesday cut its main monetary policy rate by 25 basis points, to a record low of 2.75%, as inflation is still below its target while the economic growth is slowing dow...
BNR Cuts 2014 Inflation Forecast to 1.5%
The Romanian central bank cut again its forecast on the inflation rate for this year and the next, governor Mugur Isarescu told a news conference Tuesday.
EU Warns Romania’s Budget Deficit Will Widen To 2.8% Of GDP In 2015
Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down f...
Romania Drops Five Spots In 2014 Prosperity Index
Romania fell five spots and ranks 60 in the 2014 Prosperity Index, outranked by neighbors Bulgaria and Hungary as well as by Mongolia, Kazakhstan, Uzbekistan or Belize, according to British...
EU Cuts Romania GDP Growth Forecast To 2% In 2014
The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter.