03.06.2013

Romania’s economy grew at an annualized rate of 0.3% in 2012, a slightly faster pace than previously estimated, revised data from the statistics institute INS showed Wednesday. more

02.25.2013

The losses amassed by companies in Romania hinder the country’s economic growth, according to an analysis by central bank deputy governor Florin Georgescu. more

02.22.2013

The European Commission expects Romanian economic growth will accelerate to 2.5% in 2014 after a modest increase of 1.6% this year, mainly fueled by domestic demand. 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

01.29.2013

Romania’s economy is expected to post a modest growth of around 1.5% in 2013, after zero or very low growth a year earlier, an official of the International Monetary Fund said Tuesday. 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

01.24.2013

Romanian leading bank BCR Thursday maintained its forecast on the country’s economic growth unchanged at 1.1% in 2013, but said that a better-than-expected harvest and good retail and service more

01.23.2013

Romania’s government has revised downward its estimate on the 2012 economic growth to 0.2% from 0.7% previously, according to the country’s Fiscal Strategy for 2013-2015. more

01.21.2013

Romania’s government Monday revised down its economic growth forecast to 1.6% in 2013, from 1.8% initially, according to this year’s draft budget. more

01.21.2013

The European Bank for Reconstruction and Development Monday revised downward its forecast on Romania’s economic growth to 1.4% in 2013, from 1.9% previously. more

01.09.2013

Romania’s economy shrank 0.4% in the third quarter of 2012 compared with a quarter earlier, a slightly slower pace than previously estimated, revised data from the statistics institute INS showed more

01.09.2013

One explanation for the difference between preliminary GDP data and the “almost final” GDP data could be that companies’ losses increased after they could not factor in their higher raw material more

01.09.2013

Agriculture, a sector that accounts for about 6% to 7% of Romania’s gross domestic product every year, contributed EUR15 billion to the economy last year, down 16% from the peak year 2011, according more

01.06.2013

Romanian Prime Minister Victor Ponta has dismissed the country’s statistics institute INS president Vergil Voineagu, who will be replaced by Beatrix Gered in an interim capacity. more

01.04.2013

Romania’s national statistics institute INS considerably revised data on 2011 gross domestic product, affecting estimations for the GDP in 2012 and 2013 and other major indicators linked to it, more

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

12.06.2012

Romanian economy shrank 0.6% in the third quarter from the year-ago period, in line with previous estimations, hit by a sharp decline in agriculture, the country’s statistics institute INS said in a more

11.26.2012

Romania’s prognosis commission, or CNP, has revised downward its economic growth forecast to 0.7% in 2012, from 1.7% previously, saying it expects a negative contribution from farming output. more

11.22.2012

Romania must step up structural reform implementation and prioritize investments to fuel economic growth in 2013, an official of the European Investment Bank said Thursday. more

11.15.2012

Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday. more

11.15.2012

Romanian economy contracted 0.5% in the third quarter after recording a modest growth a quarter earlier, a flash estimate of the country’s statistics institute INS showed Thursday. more

11.14.2012

Agriculture, a sector that generates 6% of Romania’s’ gross domestic product (EUR10 billion to EUR11 billion) a year and made a significant contribution to the 2011 economic growth of 2.5%, more

11.13.2012

Romanian economic growth will likely slow down to 0.5% or even stagnate in 2012, followed by a modest recovery in 2013, according to estimates of Coface rating agency. more

11.08.2012

The International Monetary Fund estimates Romania will post only a modest economic growth in 2013, due to delays in EU fund absorption and implementation of structural reforms, IMF mission chief Erik more

11.07.2012

The European Commission revised its forecast on Romanian economic growth to 0.8% in 2012 from 1.4% previously, citing a weaker-than-expected agricultural year and domestic political uncertainties. more