economy

Ciolacu: The tax facilities removal won”t be brutal, so that the activity won’t be ruined

15:34, 16 Aug. 2023
The elimination of fiscal facilities will not be "a brutal one, to affect the activities", has said the Romanian prime minister Marcel Ciolacu, stating that the exceptions will be phased out.

Letter to the prime minister from political leaders: They request meetings to restart the economy

20:43, 13 Apr. 2020
Social-Democratic Party (PSD) president Marcel Ciolacu has announced on Monday that he sent a letter to prime minister Ludovic Orban, signed by four other political leaders, requesting to the head of the Executive to meet regularly to restart the economy.

Gold Price Surges to Historical High for Second Consecutive Day

18:30, 06 Ian. 2020
Gold prices reached a historical high in Bucharest for a second consecutive trading day on Monday, on the background of international prices reaching their highest levels in the past seven years due to rising geopolitical tensions, according to analysts.

President: Government’s Planned Fiscal Measures Will Throw The Economy Into Chaos

16:50, 19 Dec. 2018
Romanian President Klaus Iohannis said on Wednesday that the new fiscal measures announced by the Government will have serious negative effects on the economy and was not discussed with anyone from the economic or institutional field.

National Bank Governor: Romanian Economy Refuses To Collapse

17:24, 03 Dec. 2018
The governor of Romania’s National Bank (BNR), Mugur Isarescu, expressed optimism on Monday with regards to the evolution of the country’s economy during a conference, while also admitting to some the shortcomings it is suffering from.

IMF: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments

15:14, 30 Iul. 2011
Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, IMF mission chief Jeffrey Franks said Saturday.

EBRD Ups Romania GDP Forecast To +1.8% In 2011

13:15, 20 Mai 2011
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity measures implemented under a multilateral financial program will pay off.

Living Standard Of Romanians On Welfare Won’t Return To ‘08 Level Before 2015 – Ctrl Bker

11:59, 07 Apr. 2011
The standard of living in Romania will grow differently after the country steps out of recession, with first signs of improvement to be seen in the production and export sectors starting this year, central bank governor Mugur Isarescu said Wednesday.

Romania To Register Economic Growth In 2011, “Mini-Boom” Expected In 2012 – WIIW

15:05, 15 Mart. 2011
Romania will register economic growth this year and a “mini-boom” can be expected in the election year 2012, said the Vienna Institute for International Economic Studies (WIIW).

Romanian Economy Ready To Start Anew – Ctrl Bk Head

12:59, 09 Mart. 2011
Romanian economy is ready to enter a new growth cycle, after more than two years of recession, but the authorities must take things “slowly” to avoid a possible relapse, central bank governor Mugur Isarescu said Wednesday.

JP Morgan: Romanian GDP Likely To Grow 2% In 2011

19:07, 24 Feb. 2011
Romanian economy is on its way to wake up from over two years of “hibernation” in 2011, aided by growing exports, good reforms and a vital bailout program led by the International Monetary Fund and the EU, according to a report from JP Morgan Chase Bank.

EBRD Ups Romania GDP Forecast To +1.1% In 2011

16:43, 24 Ian. 2011
The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months.

EBRD Ups Romania GDP Forecast To +1.1% In 2011

16:39, 24 Ian. 2011
The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months.

Romania GDP Unlikely To Match 2008 Levels Until 2013 – Coface

13:19, 20 Ian. 2011
Romanian gross domestic product per capita is bound to remain below the 2008 level until 2013 or 2014, according to estimates of Coface ratings agency.

WB Puts Romania Among High Restructuring Emerging Economies

10:40, 13 Ian. 2011
The World Bank included Romania, alongside other five countries, in the category of developing economies in Europe and Central Asia undergoing the most serious restructuring, according to the bank's Global Economic Prospects 2011 report released Thursday.

Romanian President Optimistic About Country’s Economic Outlook

10:46, 09 Dec. 2010
Romanian President Traian Basescu said on public television late Wednesday he is optimistic about the country’s economic outlook adding Romania has avoided derailments and is on its way to recovery.

ING Says Romania May Reach 2010 Deficit Target, Sees Limited Mkt Impact

13:33, 17 Nov. 2010
Recent budgetary indicators suggest Romania may be able to reach its year-end fiscal objectives, but the positive evolution could have only a limited impact on the market, due to the government’s repeated failure to lower the general arrears, according to a report from ING Bank Romania.

Romanian Export-Oriented Industries Poised To Grow Further In 2011 – Survey

13:13, 17 Nov. 2010
Romanian export-oriented manufacturing industries will continue to grow in 2011, further supporting economic recovery, whereas sectors such as retail and constructions will be negatively impacted by low consumer confidence, according to consultancy firm Roland Berger.

Romania’s Economy Unlikely To Grow In 2011 Unless Govt Boosts Public Investments – Ctrl Bk Gov

13:45, 07 Nov. 2010
Romania’s central bank governor Mugur Isarescu told Pro TV in an interview Sunday that the country’s economy is unlikely to grow in 2011 unless the Government allots more money for actual, not statistic investments, considering that it is more difficult for the private sector to get back on track.

EBRD Ups Romania GDP Forecast To -2% In 2010

17:10, 28 Oct. 2010
The European Bank for Reconstruction and Development Thursday revised upward its forecast for Romanian economy to minus 2% in 2010, from a contraction of 3% previously estimated, citing slightly improvements over recent months.

Romanian PM Says Govt Will Pay Debts To German Cos, Keep 16% Flat Tax

12:01, 12 Oct. 2010
Romanian Prime Minister Emil Boc told German Chancellor Angela Merkel Tuesday Romania will pay its debts to private companies and the government will continue to support investors by keeping the 16% flat tax, not taxing reinvested profit and developing public-private partnerships.

Nine In Ten Romanians Say Country’s Economic Situation Is Gloomy; 85% Distrust Govt – Poll

10:57, 27 Aug. 2010
Nine in ten Romanians say the country’s economic situation is gloomy and 85% of them, the highest percentage in the European Union, distrust the Government, according to a Eurobarometer survey.

Romanian Govt To Present New Measures To Boost Economy – PM

15:38, 21 Aug. 2010
Romanian Prime Minister Emil Boc said Saturday at the inauguration of the Lugoj eastern bypass road, southwestern Romania, that, in September, the Government will put forward a series of measures to uphold the country’s economy.

BCR: Additional Tax Hikes May Prolong Romanian Recession

13:18, 17 Aug. 2010
Subjecting the Romanian economy to a new wave of tax increases would only endanger the country’s chances to emerge from recession in 2011, analysts with lender Banca Comerciala Romana, or BCR, said Tuesday.

Romanian Analysts Mixed On Economic Development In 2011

17:10, 12 Aug. 2010
Romania could remain in recession well into next year, as potential new austerity measures in the fiscal sector and further public layoffs are likely to lead to an economic contraction of 2% in 2011, analysts with ING Bank said Thursday.

IMF: Romania Economy Could Turn To Growth In 2011

18:04, 27 Iul. 2010
The International Monetary Fund’s mission chief to Bucharest, Jeffrey Franks Tuesday said Romanian economy could turn to growth next year, adding he doesn’t share more pessimistic outlooks forwarded by analysts.

EBRD Cuts Romania GDP Forecast To -3% In 2010

18:47, 22 Iul. 2010
The European Bank for Reconstruction and Development Thursday revised its forecast for Romanian economy to minus 3% in 2010, from zero growth previously, citing disappointing first-quarter figures and government-imposed austerity measures which are expected to add to consumption decline.

Romanian Austerity Package Likely To Reopen IMF’s Cash Tap – Moody’s

15:47, 21 Iun. 2010
Romania’s fiscal and social austerity measures, while tough and unpopular, will ensure cash inflows of around EUR2 billion from the International Monetary Fund and the EU, further providing essential support for revitalizing the economy, Moody’s Investors Service said in a report Monday.

WB: Romanian Econ Activity Bound To Remain Negative In 2010

11:42, 10 Iun. 2010
Romania and Latvia will likely be Europe’s weakest economic performers this year, according to a global survey from the World Bank.

Romania Economic Sentiment Slides 7 Points To 76.4 In May

13:49, 31 Mai 2010
Romania’s economic sentiment index moved back 7.2 points to 76.4 points in May, the first monthly decline this year, a widely watched European Commission monthly survey showed Monday.

Romania’s Economy Might Revive In 2010 – Econ Min

12:12, 28 Mai 2010
Romania’s economy might revive this year if the Government manages to efficiently communicate with the other economic and social structures and if banks resume lending, Economy Minister Adriean Videanu said Friday.

Romania Should Implement Structural Reforms To Boost Competitiveness – IMF

15:27, 11 Mai 2010
Romania’s economic competitiveness rose by 15% as a result of a more depreciated leu since the start of the recession, but authorities should undertake structural reforms to take advantage of the gain and further increase efficiency, according to Jeffrey Franks, the IMF’s mission chief for Romania.

Romania Ctrl Bank: Public Sector Must Adjust To Economic Evolution

14:51, 06 Mai 2010
Romania’s EUR13 billion loan agreement with the International Monetary Fund has already produced two of its desired objectives, but the public sector has yet to adjust to the current economic climate before a healthy revival can be seen, central bank governor Mugur Isarescu said Thursday.

Romanian Social Democrats Complete No-Confidence Motion Against Government

13:40, 06 Mai 2010
Romania’s opposition social democrats have completed a no-confidence motion against the country’s Government, which they will submit on May 17, social democrat senator Lia Olguta Vasilescu said Thursday.

Romanian Economy Could Decline In 2010 As Well – Fin Min

18:46, 03 Mai 2010
Romania and the International Monetary Fund officials have discussed a possible scenario indicating an economic decline in 2010, but a final forecast has not been presented yet, Finance Minister Sebastian Vladescu said Monday.

Citi: Romania Could Miss 2010 Budget Gap Target

14:31, 26 Apr. 2010
Romania's “bleak” growth prospects for 2010 could make it difficult for the government to stick to its budget deficit target of 5.9% of the gross domestic product, but potential problems are unlikely to occur until later in the year, Citigroup said in a report.

Romanian Economy To Grow 0.5% At The Most In 2010 – Analysts

13:43, 26 Apr. 2010
Romanian economy is not likely to grow by more than 0.5% in 2010 given the major declines in industry, constructions and retail sectors, as well as the raising unemployment, analysts said Monday.

Romanian Econ Min Says Economy Is In Delicate State

12:37, 22 Apr. 2010
Romania is in a delicate economic situation, but is far from a catastrophe, Economy Minister Adriean Videanu said Thursday.

Romania May Face Financial Crisis Without Reforming Public Spending – PM

11:49, 22 Apr. 2010
The Government keeps its intention to cut and streamline public spending, as economic developments of the past two years show that, without reform, Romania might slide into a financial crisis like the one faced by Greece, Prime Minister Emil Boc said Thursday.

Romanian Ctrl Bker Sees Zero Economic Growth In 2010

12:30, 15 Apr. 2010
Romania is expected to experience zero economic growth in 2010, following the severe recession that led to a contraction of 7.1% last year, a central bank official said Thursday.