12.28.2012

Economic analysts anticipate the economy will grow in 2013, with estimates for an increase of the gross domestic product ranging between 0.5% and 2.2% after the Romanian economy returned to negative more

12.22.2012

Romania’s Government on Saturday decided to set up the National Tourism Authority, which will operate within the Economy Ministry and will be coordinated by the minister-delegate for SMEs, Tourism more

12.21.2012

Romanian Parliament’s special committees on Friday endorsed Varujan Vosganian for the position of Economy minister with 57 to 11 votes and one abstention. more

12.21.2012

The year 2012 is a wasted year because of the political feuds that only served to weaken an economy hurt by the crisis. The hope for an economic rebound is carried over in 2013. more

12.18.2012

Romania needs more structural reforms to accelerate economic growth and a new loan agreement with the International Monetary Fund could help strengthen political will to implement difficult measures, more

11.30.2012

A hundred years ago, Romania prided itself in being called “Japan of Europe”, in its well-developed banking system, in its leu which was as strong as the French and Swiss currencies and in a stock more

11.23.2012

Business people want to be optimistic about next year in terms of the evolution of the economy and of businesses, but they are waiting to see what measures the new government will take to improve the more

11.20.2012

Misu Negritoiu, chairman of ING Bank Romania, says he would like to get involved in the management of EU-funded projects after ending his term and that he wants to help raise Romanians’ level of more

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