10.27.2014

Romania cannot hope for annual economic growth of 5% in the next ten years in the lack of consumption and investments. This was one of the conclusions of last week’s ZF Expert meeting that was more

10.21.2014

The combination of fiscal correction measures with an uncontrolled deleveraging process could hurt a sustained economic growth, Romanian central bank governor Mugur Isarescu said Tuesday. more

10.17.2014

Investments in armament, as well as illegal activities such as prostitution, drugs and smuggling contributed 0.1% to Romania’s GDP in 2010, according to Eurostat data revised based on the new more

10.15.2014

Romania’s economic growth rate cannot be higher than 2-3% this year due to the macroeconomic context, state-run companies lacking technological upgrades and firms having difficulty contracting more

10.08.2014

The decline of Romania’s gross domestic product in the second quarter was slightly smaller than expected, revised data from the country’s statistics institute INS showed Wednesday. more

10.07.2014

The International Monetary Fund revised downwards its forecast on Romania’s economic growth to 2.4% in 2014, versus a 2.8% increase seen in June, according to the World Economic Outlook report more

09.09.2014

Coface ratings agency forecasts Romania's economic growth rate at 2.5% in 2014, closer to the forecasted CEE average growth rate of 2.4%, but one percentage point below 2013 GDP growth, as agriculture more

09.03.2014

Romania’s economy contracted for the second consecutive quarter in the April-June period, driven by poor performance in constructions, industry and an unexpected fall in retail trade, official data more

08.14.2014

The Romanian economy is in recession after a second consecutive quarter of decline, a flash estimate from the country's statistics institute INS showed Thursday. more

07.02.2014

The Romanian economy expanded at a slightly faster pace than previously estimated in the first quarter, largely driven by higher exports and improved contribution from value added tax collection, more

06.30.2014

The value of private lending, as share in the gross domestic product, has returned to 2007 levels in Romania, and is on the way for further declines. more

06.11.2014

The World Bank has revised upward its forecast on Romanian economic growth to 2.8% in 2014 and 3.2% in 2015, the bank said in its latest global economic prospects report. more

06.10.2014

Broadband, which currently contributes by approximately EUR3.5 million to the local economy, might reach EUR6 billion by 2018, considering the current broadband adoption rate, and EUR8 billion, at a more

06.04.2014

Romanian economy grew 3.8% in the first quarter from the year-ago period, in line with previous estimations, largely fueled by industry and growing activity in the retail and IT&C sectors, the more

05.15.2014

Romania’s first quarter economic growth of 3.8%, though a “good step forward”, is not enough to catch up with the European economies, central bank’s deputy governor Bogdan Olteanu said more

05.15.2014

The Romanian economy grew at the fastest pace in the European Union in the first quarter of 2014 compared with the year-ago period, official data showed Thursday. more

05.15.2014

Romania’s gross domestic product rose 3.8% in the first quarter compared with the same period of 2013, a flash estimate from the country’s statistics institute INS showed Thursday. more

05.14.2014

The European Bank for Reconstruction and Development Wednesday revised slightly up its forecast on Romania’s economic growth to 2.6% in 2014, from 2.4% previously, but warned of growth constraints more

05.14.2014

Romania’s economy has likely expanded 3.5% in the first quarter, fueled by industry and domestic consumption, minister delegate for Budget Liviu Voinea said Wednesday. more

05.12.2014

Romania’s minister delegate for Budget Liviu Voinea said Monday that the economy is growing faster than initially estimated and encouraged companies and households to speed up the consumption pace. more

05.05.2014

The European Commission on Monday revised slightly upward its forecast on Romania’s economic growth to 2.5% in 2014 from 2.3% previously, saying it expects stronger contributions from consumer more

04.16.2014

Romania’s economy will likely exceed its 2008 level for the first time this year, fueled by domestic demand and strong industrial output, according to estimates from Austrian lender Erste Group Bank more

04.11.2014

The good news from most macroeconomic indicators in the first two months of the year is making analysts change their full-year gross domestic product growth forecast towards 3% to 3.5%. more

04.02.2014

Romania’s economy grew slightly faster than previously thought in the fourth quarter of last year, reflecting improved consumer spending and better contributions from constructions and retail, more

03.21.2014

The construction sector, a EUR8 billion to EUR9 billion business a year, which should have helped Romania’s economy grow during the crisis, contributed a mere 7.9% to the gross domestic product last more