11.19.2012

Bank analysts expect Romania’s economy to grow 1.2% on average in 2013 after a mere 0.5% rise in 2012, a pessimistic forecast compared with foreign institutions’ estimates. more

11.09.2012

A delegation of Russian power producer TISE will come to Bucharest most likely next Friday for talks with Romanian Economy Ministry representatives on collaboration in the industry sector, state more

11.02.2012

Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) currently operates at 25% to 30% capacity, and with 800 employees of a total of 2,600, Economy Minister Daniel Chitoiu said Friday. more

10.24.2012

An escalation of the eurozone debt crisis would pose serious risk to the Romanian economy, which could shrink by up to 5% if the threat materializes, the International Monetary Fund said in its latest more

10.16.2012

Nearly three quarters of Romanians believe the country’s economy is faring worse than last year, their willingness to spend is lower and have high expectations for improvement in 2013, according to more

10.15.2012

Payments for the EU-funded operational program aimed to increase economic competitiveness (POS CEE) have been resumed on October 15, more than three months after they were ceased, the Romanian Economy more

10.10.2012

Romania’s Government on Wednesday decided through an emergency ordinance to set up a wholesale brokerage firm to sell on foreign markets the products made by state-owned companies that register more

10.09.2012

The International Monetary Fund estimates in its latest report that Romania could post a higher economic growth in 2013 than Poland, the only country in the European Union that has not experienced a more

10.05.2012

Romania’s economy grew at an annualized rate of 1.1% in the second quarter of 2012, slightly slower than previously estimated, revised data from the statistics institute INS showed Friday. more

10.02.2012

Romania could prevent recession in the second half of 2012 and meet the budget deficit target of 2.2% of the gross domestic product GDP only through a boost of foreign demand, considering the poor more

09.26.2012

Romania's economy is expected to grow a modest 1% in 2012, after expanding by 2.5% a year earlier, according to estimates of Coface ratings agency. more

09.12.2012

Romania’s economic prospects for 2013 appear favorable considering that the economy of the eurozone is expected to return to growth, analysts say. more

08.30.2012

Romania’s economic sentiment index fell 2.1 points to 94 in August, due to investor pessimism in most sectors except industry, a European Commission monthly survey showed Thursday. more

08.14.2012

Romania’s gross domestic product expanded 0.5% in the second quarter, after a decline of 0.2% in the previous three months, a flash estimate of the country’s statistics institute showed Tuesday. more

08.09.2012

The end of the week is expected to bring heated discussions between the Ponta government and the International Monetary Fund (IMF), as authorities make a last attempt to persuade foreign experts to more

08.08.2012

Romania’s Economy Ministry said Wednesday it signed 7 non-reimbursable financing contracts of 233.2 million lei (EUR51.3 million) early August, within the EU-funded program targeting productive more

08.06.2012

The irresponsibility of the entire political class leads to economic decline and weakens the country’s ability to withstand external pressures. more

08.05.2012

Romania’s suspended President Traian Basescu said Romania’s economy is in a race against time until August 31, when the Constitutional Court is expected to reach a verdict on his impeachment more

07.30.2012

Although Romania’s gross domestic product rose five times from 2000 through 2008, the number of medals Romanian athletes got dropped three times, and this year’s estimates for the London Olympics more

07.27.2012

Romania's Economy Ministry has cancelled four tenders held last year, with a total value of 70 million lei (EUR15.2 million) for mine closure works, arguing that the contracts were awarded more

07.13.2012

Mugur Isarescu, the governor of the National Bank of Romania (BNR), on Thursday was very reluctant to comment the situation on the local political scene, which is keeping the leu under pressure and more

07.04.2012

Romania’s Economy Ministry Wednesday appointed Toma Bogdan Costreie as special administrator of chemical producer Oltchim (OLT.RO), the company said in a statement. more

07.03.2012

This year’s grain harvest is estimated at almost 18 million tons, just 7% lower than the record-high 2011 figures. Converted in money, as prices remained high, almost EUR5 billion should go into more

06.28.2012

Romanian Economy Ministry Thursday appointed Remus Vulpescu, the head of its privatization division, as special administrator of insolvent energy producer Hidrolectrica. more

06.27.2012

Romania’s Economy Ministry and executive research company Pedersen & Partners terminated by mutual consent at the end of May 2012 a contract for consultancy in the selection of managers for more