Social/Politics
Isarescu Says Leu’s Appreciation Remarkable, Given Cyprus Crisis
The Romanian leu’s rise in recent weeks is remarkable taking in consideration the Cypriot banking crisis and problems at the local unit of Bank of Cyprus, central bank governor Mugur Isaresc...
BNR Keeps Key Rate Steady At 5.25%
Romania's central bank kept its key rate unchanged at 5.25% for the ninth consecutive meeting Thursday, as widely expected, as the country's inflation rate remains above-target, but it took...
Isarescu: BNR Will Begin Rate Cut Cycle
Romania’s central bank plans to begin a monetary policy easing cycle, as soon as the next board meeting scheduled for July 1, hoping the economic developments will not stop the process, gove...
Romania Forex Reserves Rise To EUR32.4B in April
Romanian foreign exchange reserves rose slightly to EUR32.4 billion in April from EUR32.2 billion in the previous month, central bank data showed Thursday.
Government OKs Setting Up Of New Company For Rosia Montana
Romania’s Government has approved Tuesday a decision to set up a new company to deal exclusively with the Rosia Montana gold mining project.
Romanian Government Converts Mining Company Debts Into Shares
The Romanian government will write off the debts of mining company Remin Baia Mare to the state budget by converting them into shares, Prime Minister Victor Ponta said Tuesday.
Romania Jobless Rate Unchanged At 6.7% In March
Romania's unemployment rate held steady at 6.7% in March, unchanged from the previous month, seasonally adjusted data from the statistics institute INS showed Tuesday.
Romania 1Q Tourist Arrivals Up 8.2% On Year
Tourist arrivals in Romania rose 8.2% in the first quarter from the year-earlier period, while overnight accommodations were up 6.3% on the year, the statistics institute INS said Tuesday.
Romania Economic Sentiment Falls To 4-Month Low In April - EU Survey
Romania’s economic sentiment index fell for a second straight month in April, on increased pessimism in most sectors, a widely watched European Commission monthly survey showed Monday.