Social/Politics
INS: Romania’s Construction Output Declines 9.4% in 1H
Romanian construction output declined in the first half as the sector is still unable to exit recession, due to lack of financing and investors’ reluctance to start new projects.
One Third Of Romanian Exports To Russia Are Vehicles
Vehicle sales account for one third of Romania’s exports to Russia, which rose by $500 million last year, to $1.84 billion, and cars, machinery and electrical equipment make up a quarter of...
Romania To Export Gas To Moldova As Of Mid-August – Energy Watchdog
Romania’s energy regulator ANRE on Thursday said companies could start exporting natural gas to neighbouring Moldova through the Iasi-Ungheni pipeline in the second half of August.
INS: Romania Industrial New Orders Up 6.6% In 1H
Romanian industrial new orders rose 6.6% on the year in the first six months, supported by growth in all sectors, data from the country’s statistics institute INS said Thursday.
Romania Industry Sales Rise 10.8% In First Six Months
Romanian industrial sales rose 10.8% in the first six months compared with the same period of 2013, boosted by higher demand in all sectors, the country’s statistics institute INS said Thurs...
Isarescu Says BNR Ready To Narrow Gap Between Monetary Policy, Interbank Rates
The Romanian central bank is ready to further narrow the gap between interbank rates and the monetary policy rate so that banks feel comfortable enough to resume lending, even if the move mi...
Romania Average Net Wage Inches Higher In June
Romanian average net salary inched up 0.3% to 1,687 lei (EUR380) in June, from RON1,682 a month earlier, the statistics institute INS said Wednesday.
Isarescu: Decision To Cut Key Rate To 3.25% Not An Easy One
Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interes...
Isarescu Sees Room For Further Rate Cuts
Romania central bank still has room for further interest rate cuts as the inflation continues to decelerate, but a decision in that direction depends mostly on external evolutions, particula...