Social/Politics
IMF Board Delays Meeting On Romania’s Loan Review
The Executive Board of the International Monetary Fund will likely postpone until March next year a meeting to discuss Romania’s progress under a EUR2 billion loan program, after the Romania...
Romania Adjusted Retail Sales Inch Higher In October
Romanian adjusted retail sales edged up 0.4% in October from the earlier month, fueled by higher sales of food and drinks, the statistics institute INS said Tuesday.
Basescu Refuses To Sign Memorandum For New IMF Loan Agreement
Romania’s President Traian Basescu said Monday he decided not to sign a memorandum concerning the country’s new loan agreement with the International Monetary Fund, adding that he objects to...
Farmland Prices Rose 60% In Romania Over Past Two Years
Average farmland prices in Romania have increased about 60% over the past two years to EUR3,100 per hectare, but are still two to eight times lower than in most European Union states, accord...
INS: Romania Jobless Rate Flat At 7.3% In October
Romania's unemployment rate has remained at 7.3% in October for the second consecutive month, seasonally adjusted data from the statistics institute INS showed Friday.
EU Survey: Romania Economic Sentiment Improves Slightly In November
Investor sentiment regarding the outlook of the Romanian economy inched up 0.5 points in November, amid improved confidence in retail and services, a survey from the European Commission show...
Romania Set To Reach 2020 Green Energy Quota Next Year
Romania will reach in January 2014 its target quota for renewable energy consumption, six years earlier than the 2020 term agreed with the European Union, the country’s energy watchdog ANRE...
Romania Needs More Efficient Spending, Rather Than More Taxes, BNR Official Says
Romania needs to improve the management of its public expenditure to stimulate economic recovery rather than impose new taxes, which can only slow down the growth rate, a central bank offici...
Over Half Of Romanian Households Have Internet Connection
Over half of households in Romania own a personal computer and have access to the Internet, and about 73.2% of them live in urban areas, the country’s statistics institute INS said Thursday.