06.26.2013

The 50 largest employers in the economy had a total of over 350,000 employees last year, i.e. 8% of the total number of employees in the economy, shows data centralized by ZF based on information more

06.25.2013

Export-oriented sectors and the auto industry in particular will be main growth drivers in Romania this year, amid increasing demand in both EU and non-EU markets, central bank governor Mugur Isarescu more

06.07.2013

Black market activity in Romania is equivalent to almost one third of the country’s gross domestic product, the second-highest level in the European Union, according to a study by the Institute of more

06.05.2013

The Romanian economy grew faster than initially thought in the first three months of 2013, benefiting from recovering activity in most sectors, revised data showed Wednesday. more

05.20.2013

Valerio Battista, who runs the EUR8 billion operations of the world’s largest cable manufacturer, Prysmian, says about Romania that it has made progress in the last few years, though not as fast as more

05.08.2013

The underground economy in Romania is seen to have fallen 3.5% over the past five years to EUR39.6 billion in 2013, or 28% of the country’s gross domestic product, according to a report released more

04.19.2013

The Romanian Government fails to come with an ambitious and a coherent strategy to stimulate GDP growth, planning economic growth of less than 3% per year in between 2013 and 2016, according to the more

04.04.2013

Analysts believe the Romanian economy will remain on the rise in the first quarter of this year and keep their estimates for 2013 gross domestic product, but signals from the economy are less more

04.03.2013

Romania’s economy grew at a faster 0.7% than previously estimated in 2012, reflecting a smaller negative impact from industry and a positive contribution of the retail sector, revised data from the more

04.02.2013

In the 100 days in office of the Government led by prime minister Victor Ponta, he presided over 13 government meetings, took five trips abroad, had seven meetings with officials (of the IMF, foreign more

03.25.2013

Romania’s economy will likely increase by 1.7% in 2013, from a meager growth of 0.3% a year earlier, helped by stronger investments and a higher absorption rate of European funds, according to more

03.25.2013

For the first time, a high official of Romania’s ruling coalition admits that businesspeople have every reason to be dissatisfied because the new government has not taken any concrete measures to more

02.27.2013

Investors’ preference for renewable energy projects may suggest an imbalance between government support schemes in Romania, an official of the Economy Ministry said Wednesday. more

02.25.2013

The privatization of a state-run company can be done even with one leu, one euro or even by paying an investor, but what counts the most is a company’s profitability and its long-term impact on the more

02.14.2013

Romania’s economy grew by a meager 0.2% in 2012, a considerable slowdown on the previous year, hurt by a feeble harvest and falling exports to European markets. more

02.12.2013

Romania’s Economy Ministry plans to select new members of the Managing Board for three energy and natural gas companies in its portfolio, including state-run nuclear power plant operator more

02.06.2013

Adrem Invest, a Romanian-held company specializing in industrial equipment, says state support for Romanian companies in major international auctions can be key to developing the local industry. more

01.29.2013

The precautionary arrangement that Romania sealed with the International Monetary Fund in the spring of 2011 and which was supposed to end in April 2013 has reached a turning point: Romania asked for more

01.28.2013

Romanian Economy Minister Varujan Vosganian said Monday that the government has insufficient resources to finance key projects in the energy sector, including the long-delayed construction of two new more

01.23.2013

Romania's economy is expected to post modest growth of up to 1% in 2013, from around 0.5% a year earlier, held back by even exports and industrial production, according to estimates of Coface rating more

01.21.2013

Rebounding consumption and sustained investments may aid Romania’s economy to grow more than 1% in 2013, from around 0.7% estimated last year, according to estimates from Franklin Templeton more

01.16.2013

The World Bank has revised downward its forecast on Romanian economic growth to 1.6% in 2013 from its previous estimate of 2.8%. more

01.11.2013

Traian Oprea, former general manager at Romanian state-owned hydropower producer Hidroelectrica, has been appointed adviser to Economy Minister Varujan Vosganian. more

01.04.2013

After four years during which the Romanian economy has remained under the threat of recession, it would be high time for the central bank to move away from its “wait and see” approach, says more

01.03.2013

Romania's economy will rise 2%. Hidroelectrica will get out of insolvency. Another 150 km of highway will be finalized. Bancpost could merge with Banca Romaneasca. These are just a few of the main more