05.14.2012

Prime Minister Victor Ponta is still hopeful that the official economic growth rate of 1.5% in 2012 will prove realistic and believes an optimal GDP growth rate in order for Romania to at least be more

05.08.2012

More than 60% of Romanians believe the country's economic situation is very poor and four out of ten think it will get worse in the next six months, according to a study by ISRA Center. more

04.19.2012

Romania's Government has adjusted the GDP growth forecast for the next few years downward by one point and also expects the trade deficit to increase considerably in 2012, but it sees the Romanian leu more

04.11.2012

Emil Pop, general manager of Rehau Polymer, the local subsidiary of German group Rehau, thinks 2012 will not come with major surprises for the Romanian economy, but expects the direction that the more

04.03.2012

The first quarter came with mixed signals about the rebound of the economy. The macroeconomic picture is quite negative, according to the data announced so far, and certain events show the local more

03.16.2012

Romanian Economy Ministry may have to transfer its control over the shares of state-run power grid operator Transelectrica (TEL.RO) and natural gas transporter Transgaz (TGN.RO) to other ministries, more

03.09.2012

Romanian Finance Minister Bogdan Dragoi Friday estimated the country’s economy has slipped back into technical recession in the first quarter, hit by bad weather. more

03.05.2012

Romania’s reshuffled government is likely to continue the main fiscal and economic policies initiated by the former cabinet, as any populist measure, such as higher pensions or salaries in the more

02.27.2012

The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy complexes in more

02.24.2012

After four years and a half spent in Bucharest as the leading diplomatic representative of France, Ambassador Henri Paul, currently at the end of his term, will return to Paris to the French Court of more

02.22.2012

OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief executive more

02.16.2012

The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012. more

02.15.2012

Most analysts estimate the economy slowed down in the fourth quarter of last year as a result of the significant deterioration of the industry growth rate amid a slowdown of western economies, but more

02.13.2012

The term of Romania’s new Prime Minister Mihai Razvan Ungureanu starts under tough circumstances: bad weather and recession in the euro zone. more

02.03.2012

Romanian natural gas consumption is expected to drop by around 2.5 million cubic meters a day over the weekend, due to lower activity in the industry, the Economy Ministry said in a statement Friday. more

02.02.2012

Romanian natural gas consumption rose to yet another record of 72.7 million cubic meters a day Wednesday, from 71.5 million cubic meters in the previous day, while the freezing weather that has more

02.01.2012

Romanian natural gas consumption rose to a record 71.5 million cubic meters a day Tuesday, while companies are producing at full capacity to cover the increasing demand due to extremely cold weather, more

01.24.2012

The European Bank for Reconstruction and Development Tuesday revised downward its forecast for Romanian economic growth to 0.8% in 2012, from 1.1% previously, citing ripple effects from the eurozone more

01.20.2012

The Romanian economy returned to positive territory last year, after two years of recession, but the growth of the gross domestic product was not felt by the people, as signs of a consumption rebound more

01.18.2012

Romania's Economy Ministry has signed a protocol with the miners' unions in national coal company CNH Petrosani, regarding the payment of a new tranche of severance pay to employees laid off in 2011. more

01.13.2012

Nokia's departure was one of the worst news of 2011, as Romania loses one of its largest exporters and a major temporary work provider. But the worst may be yet to come. more

01.11.2012

Romania’s economic growth over the next 40 years will be comparable to that of Brazil, Russia or Turkey, according to a research of HSBC, one of the largest banks in Europe. So, in 2050 the Romanian more

01.04.2012

Many entrepreneurs describe 2012 as a year of many unknowns, when both the situation on the European markets and the domestic measures will influence the performance of the Romanian economy. A new more

12.31.2011

As the year comes to an end, let's take a look at the major events that shaped the Romanian economy in 2011. more

12.15.2011

The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall. more