economy

Romanian MPs Approve Nomination Of Adriean Videanu For Econ Min

18:50, 20 Dec. 2008
Romanian parliamentary committees approved Saturday the nomination of democrat liberal Adriean Videanu for the economy minister seat in the new Cabinet, with 49 votes in favor and six abstentions.

Romania, One Of The Most Vulnerable Countries To Econ Crisis – Moody’s

18:08, 15 Dec. 2008
Moody's included Romania among the countries most vulnerable to the effects of the current economic crisis, which are more likely to face pressures on the ratings, the ratings agency said in a report Monday.

Romanian Pres See Econ Growth To 3-4.5% In ’09

20:45, 27 Nov. 2008
Romania’s economic growth will reach 3-4.5% in 2009 and the country will “look much better” compared to other states affected by the economic downturn, President Traian Basescu said Thursday.

Romanian Economic Sentiment Falls To 91.4 Points In Nov

15:37, 27 Nov. 2008
Romania’s economic sentiment fell 12.3 points to 91.4 in November, putting the country third in the EU-27 bloc, a monthly survey of the European Commission showed Thursday.

Romania Econ Growth Seen Below 4% In ‘09 From 8% In ’08 – Analysts

15:09, 23 Nov. 2008
Romanian economic growth is seen below 4% in 2009, down more than half compared to the 8% growth estimated for 2008, analysts said.

Romanian President Upbeat On Ability To Overcome Economic Difficulties

19:24, 21 Nov. 2008
Romanian President Traian Basescu on Friday said the country can overcome the economic downturn, mentioning the media depicts a false “apocalypse” about job losses.

Romanian Govt To Change Fiscal Code, To Include Facilities Of Econ Plan

18:08, 19 Nov. 2008
The fiscal facilities from the Romanian Government's economic support plan will be introduced by modifying the Fiscal Code and the Fiscal Procedure Code, Romania’s Prime Minister Calin Popescu Tariceanu said Wednesday.

Romania Must Adjust Budget To Economic Crisis – IMF Adviser

19:01, 16 Nov. 2008
Romania should target a lower budget deficit in 2009 to 1-1.5% of gross domestic product through prudent spending policies, given that the slowdown in economic growth to 3-4% will trigger a sharp decrease in budget revenue, International Monetary Fund adviser Mihai Tanasescu said Sunday.

Romania Ctrl Bker: GDP Growth Below Potential Next Yr, Seen Recovering In 2010

18:41, 03 Nov. 2008
Romania’s gross domestic product growth will stand below its 6% potential next year, and the economy will return to a normal trend towards 2010, central bank deputy governor Cristian Popa said Monday.

The Economic Growth Is Good, But Not Healthy – Romanian Pres

19:49, 20 Oct. 2008
Romanian president Traian Basescu said Monday in Damascus, in a meeting with the members of the Romanian community in Syria, that "Romania’s economy is working and is growing, though it cannot be called a healthy growth," adding that investments in infrastructure will be unfolded next year.

Romanian Democrat Liberal VP Urges Caution In Public Spending

15:49, 18 Oct. 2008
Theodor Stolojan, vice-president of Romania’s Democratic Liberal Party (PDL) said Saturday that Romania could be affected by the international financial crises unless prudential measures are taken in this respect.

Romanian Ctrl Bker: Monetary Policy Can’t Be Relaxed Much

19:10, 14 Oct. 2008
The monetary policy should be in line with the local and international conditions and cannot be relaxed too much, even if Romania comes after ten years of economic growth, central bank governor Mugur Isarescu said Tuesday.

Intl Econ Crisis To Slightly Impact Romanian Mkt –BCR Pres

13:18, 22 Sept. 2008
The international economic crisis will slightly impact, on a short-term basis, the Romanian market, due to its ‘isolation’ and the fact that the central bank took all needed measures to prevent any negative effects, the president of Banca Comerciala Romana, or BCR, Dominic Bruynseels said Monday.

EU Econ Slowdown To Affect Romania – European Commissioner

17:53, 15 Sept. 2008
Romania will inevitably be affected by the slowdown of the economic growth in the European Union member states, even though the country’s economy reported a significant growth over the past months, European Commissioner for Multilingualism Leonard Orban said Monday.

Romanian Govt Sees 8.5-9.1% Econ Growth In ’08 Vs 6% In ‘07

18:58, 10 Sept. 2008
The Romanian Government said Wednesday this year’s economy is expected to grow by 8.5-9 percentage points, compared with a gross domestic product growth of 6% the year before.

Romania Ctrl Bker: Hard Landing Risk Of Economy Is Limited, GDP Seen Near 6% On Yr

17:48, 08 Sept. 2008
Romania’s central bank governor Mugur Isarescu said Monday in an interview there is limited risk for the “hard-landing” of the economy, and sees economic growth at around 6% over the next years

Romania Could Be Europe’s Seventh Or Eighth Largest Econ Power By 2014 – PM

12:28, 02 Sept. 2008
Romania could become the seventh or eighth largest economic power in Europe by 2014 if current trends continue, Romanian Prime Minster Calin Tariceanu told diplomats in a meeting Tuesday.

Romanian Positive Econ Pace Might End In Two Yrs -Ctrl Bk Official

17:25, 27 Iun. 2008
The Romanian positive economic pace might end in two years utmost, fueled by the high current account deficit of EUR17 billion reported at the end of 2007, central bank advisor Eugen Radulescu said Friday.

A Weak Leu Helps Mend The Romanian Curr Acc Deficit – Erste

15:42, 22 Iun. 2008
The weak national currency supports the economy and the adjustment of the strong current account deficit, which might enter a stagnation phase this year, according to an Erste Bank analysis.

Romanian-Russian Relations To Gain New Dynamics – Romanian Foreign Affairs Min

16:54, 13 Iun. 2008
Romanian foreign affairs minister Lazar Comanescu said on national radio station RRA that after the meeting held between Romanian president Traian Basescu and Russian leader Vladimir Putin within the NATO summit, there are signals indicating "new dynamics" in Romanian-Russian relations.

Romanian Econ Seen Up Over 6% In ’08 If Good Farming Output – Ctrl Bk Governor

13:10, 11 Iun. 2008
Romania’s second-quarter economic growth is expected to be at around the same level as in the first three months and might exceed the initial 6% forecast at the end of the year, given a good farming output, central bank governor Mugur Isarescu said on Wednesday.

Romania’s Yawning Curr Acc Gap Raises Growth Sustainability Concerns – World Bank

12:16, 10 Iun. 2008
Romania’s widening current account deficit raises concerns about the sustainability of the country’s economic growth, the World Bank said in a report Tuesday.

Oil Cos Cause Problems, Not The Fiscal Policy – Romanian Econ Fin Min

19:07, 28 Mai 2008
A decrease in excises and taxes for car fuels does not guarantee price decreases, in Romania the problem comes from the behavior of companies, not from the state’s fiscal policy, said economy and finance minister Varujan Vosganian.

Analysts Worried About Foreign Negative Sentiment On Romanian Economy

16:07, 16 Apr. 2008
Romanian economic analysts on Wednesday voiced their concern over recent estimations on the country’s financial and banking evolution made by foreign analysts, saying their pessimistic evaluations come at a time when foreign investors show prudence toward emerging markets.

Romania Feels External Shocks Harder Than Other Countries In The Region –IMF Adviser

16:20, 23 Mart. 2008
International shocks have a bigger impact on Romania than other countries in the region and investor sentiment worsens on the country’s unpredictable economic policies and lack of measure to narrow deficits, said International Monetary Fund adviser Mihai Tanasescu.

EIU: Romania Vulnerable To Financial Mkt Turmoil

12:03, 18 Mart. 2008
Romania is among eastern European countries most vulnerable to financial market turmoil, due to its wide current account deficit fueled by growth in economy and especially in domestic consumption, the Economist Intelligence Unit (EIU) said in its Global Outlook report Tuesday.

Romanian Forecast Commission Issues Early Spring ’08 Econ Outlook

14:49, 08 Mart. 2008
The Romanian National Forecast Commission issued the 2008 preliminary spring forecast, touching the main macroeconomic indicators, the variation in industrial output, the trade balance, employment, wages, inflation and the exchange rates.

Romania, Down One Position In Economic Freedom Classification, Ranks 68th

14:52, 15 Ian. 2008
Romania ranks 68th, down one position from 2007, among the 157 countries included in the classification regarding the degree of economic freedom, which was drawn up by the Heritage Foundation and the Wall Street Journal.

UN Forecasts 5.5% Econ Growth For Romania In ‘08

19:52, 14 Ian. 2008
The United Nations (UN) forecast for 2008 a 5.5% economic growth in Romania, some one percentage point below the level estimated by Romanian authorities, according to a report compiled by the institution.

Romanian Econ Fin Min States Forecasts For ‘08

15:32, 22 Dec. 2007
Romanian economy and finance minister Varujan Vosganian presented several forecasts on the economic indicators for 2008, indicating that in the year to come, salaries, pensions, as well as prices for energy will register some “moderate” hikes.

Econ Min: Romanian ’07 Budget Def 1.4% Of GDP

15:12, 20 Dec. 2007
Romania’s general consolidated budget will report a deficit of 1.4% of gross domestic product at the end of the year, Economy and Finance Minister Varujan Vosganian said Thursday.

International Analysts Say Romanian Economy Outlook Is Gloomy

20:48, 03 Dec. 2007
International analysts are anticipating stagnation and even worsening of the economic situation in Romania, according to a study compiled by Erste Bank and the Center for European Economic Research. However, most people interviewed said that the current situation is acceptable.