Social/Politics
INS: Romania Unemployment Rate Flat At 7.5% In August
Romania's unemployment rate was stable at 7.5% in August compared with the previous month, but up from 6.9% in August 2012, seasonally adjusted data from the statistics institute INS showed...
Tourist Arrivals In Romania Up 2.7% On Year In August
Arrivals at Romanian tourism accommodation establishments rose 2.7% in August from the year-earlier month, but overnight staying declined 0.3% on the year, data from the statistics institute...
Overdue Loans Keep Rising
The volume of loans overdue by at least one day continued to climb in August and shows no sign of slowing down. The total value of overdue loans recorded by the banking sector hit a new peak...
Isarescu: Banks Have No Choice But To Cut Interest Rates
Romanian central bank governor Mugur Isarescu Monday said commercial lenders “will have no choice” but to reduce lending rates following the central bank’s monetary policy decisions over the...
BNR Revises Up Romania's 2012 FDI To EUR2.1B
Romania’s central bank has revised upwards foreign direct investment data for 2012 to 2.14 billion euro, up from EUR1.8 billion in the previous year, the bank said in a news release Monday.
INS: Romania Housing Permits Down 7% On Month To 3,833 In August
Romanian housing permits fell 6.9% to 3,833 units, from 4,115 units a month earlier, the country’s statistics institute INS said Monday.
Business Outlook: Executives See Growth In industry, But Declines In Constructions And Retail
Romanian executives estimate the activity in the construction and retail sectors will decline over the September-November period compared with the previous three months, the statistics insti...
Government To Approve List Of Priority Public Investments In One Month – Minister
Romania’s Government will approve a list of priority projects in the next three or four weeks, including several multiannual infrastructure projects, minister-delegate for the state budget L...
Romania Raised State Guarantee Cap To RON8B From RON3B – Minister
State guarantees to stimulate private lending have increased from RON3 billion to RON8 billion for the period July 2013-June 2014, after the Government persuaded the IMF and European Commiss...