Social/Politics
BCR Ups Romania 2013 GDP Forecast To 1.8%
Romania’s largest bank BCR Wednesday revised upward its forecast on the country’s economic growth to 1.8% in 2013, from 1.1% previously, saying it expects higher contribution from agricultur...
Romania Central Bank Cuts 2013 Inflation Forecast To 3.2%
Romania’s central bank Wednesday revised downward its inflation forecast for 2013 to 3.2% from 3.5% previously, reflecting a lower inflationary impact of fuel and volatile prices.
INS: First-Quarter Adjusted Retail Sales Inch Up 0.8% On Year
Romanian adjusted retail sales edged up 0.8% in the first quarter of 2013 compared with the year-earlier period, fueled by higher sales in most sectors, the statistics institute INS said Wed...
How To Waste Money: 230 Km Of Highways To Cost EUR5B
Comarnic-Brasov (58 km) and Craiova-Pitesti (121 km) highways, as well as Bucharest’s southern bypass route (48 km), are set to be built under concession, but the huge costs accepted by the...
Romanians Spent Over EUR22M On Easter, May 1 Vacation
The number of Romanians who celebrated Easter and May 1 in local resorts increased 52% compared with 2012, the federation of employers in the Romanian tourism sector FPTR said Tuesday.
Romanians Spend RON19M On Tourism Services For May Day Vacation, Up 9% Vs 2012
The number of Romanian tourists spending this year’s May Day vacation away from home rose by 26% from 2012, and the amounts spent on tourism services alone exceed 19 million lei (EUR4.4 mill...
EU Warning: Arrears, Little Progress With State-Company Restructuring May Pressure Romania’s Budget
Local government arrears and limited progress with restructuring Romania’s state-owned companies could result into renewed pressure on the country’s state budget, the European Commission war...
EU Revises Down Romania’s 2014 GDP Growth Forecast To 2.2%
The European Commission revised down its forecast on Romania’s economic growth to 2.2% in 2014 from 2.5%.
Electoputere Owners Fail To Keep Their Promises
Arab-held Al-Arrab group that promised a five-fold increase in the sales of Electroputere Craiova (EPT.RO) upon its privatization, as well as to turn it into a world giant did exactly the op...