Social/Politics
BNR Cuts Forex Reserve Requirements, But Keeps Key Rate Steady At 3.5%
Romania’s central bank on Tuesday held its key lending rate unchanged at 3.5% for the third consecutive meeting, in line with market expectations, but lowered the reserve requirements for fo...
Tourist Arrivals In Romania Up 10% On Year In May
Arrivals at Romanian tourism accommodation establishments rose 9.8% in May from the year-earlier month, while overnight staying increased 12.6% on the year, data from the statistics institut...
INS: Romania Unemployment Rate Inches Higher To 7.3% In May
Romania's unemployment rate inched up to 7.3% in May, from 7.1% in the previous month, seasonally adjusted data from the statistics institute INS showed Tuesday.
Romania’s Resident Population Drops Below 20 Million In 2014
Romania's resident population numbers dropped below the 20 million threshold in January 2014, to 19.94 million inhabitants, down 0.4% from January 2013, the national statistics institute INS...
INS: Romania Housing Permits Up 6.3% On Month To 3,586 In May
Romanian housing permits rose 6.3% to 3,586 units in May, from 3,372 units a month earlier, the country’s statistics institute INS said Monday.
Romania Executives Expect Growth In All Sectors Over Summer
Executives in Romania expect activity in all economic sectors to continue to grow in the June-August period compared with the previous three months, the statistics institute INS said in a su...
Electrica Raises RON1.95B In Public Stock Offering
Romanian state-run electricity distributor and supplier Electrica SA has raised 1.95 billion lei (EUR444.3 million) in an initial public offering of 51% of its shares ended June 25, the brok...
Romania's Statistical Unemployment Anomaly
Romania has a jobless rate of only 7%, despite having less than a third of its population employed (6 million people informally or legally employed, at a population of 20 million), while Spa...
Romania Private Lending Further Down In May
Romanian private lending went down 0.6% on the month in real terms to 216.9 billion lei (EUR49.4 billion) in May, due to fewer loans in foreign currency, central bank data showed Thursday.