gdp

Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020

Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of GDP.

INS: az első negyedévben 5,7 százalékkal nőtt Románia gazdasága

5,7 százalékkal nőtt 2017 első negyedévében Románia bruttó hazai terméke az előző év azonos időszakához mérten, negyedéves szinten pedig 1,7 százalékos a gyarapodás – derül ki az Országos Statisztikai Intézet (INS) által kedden nyilvánosságra hozott adatsorokból.

Románia 1,1 százalékkal járul hozzá az EU GDP-jéhez, ez az egyik legkisebb arány

Románia 1,1 százalékkal járul hozzá az Európai Unió bruttó hazai termékéhez (GDP), ez az egyik legkisebb arány. A GDP felét Németország, Nagy-Britannia és Franciaország adja – közölte hétfőn az Európai Unió statisztikai hivatala, az Eurostat.

Romania To Revise 2012 GDP Forecast On Exports Slowdown – Ctrl Bk

Romania is set to revise its economic growth forecast for 2012, as exports are expected to advance at a slower pace than in 2011, central bank governor Mugur Isarescu said Tuesday.

Romania To Set 2012 GDP Growth Target In October, In Talks With IMF – PM

Romania's economic growth forecast, used in drafting the state budget for next year, will be determined by the Government in October, through consultations with the International Monetary Fund, European Commission and World Bank, Prime Minister Emil Boc said Tuesday.

Romanian PM Wants Govt Resources Directed Mainly To Quick Investments

Romanian Prime Minister Emil Boc asked the ministers to prioritize investment projects that can be implemented quickly and that have a multiplier effect, in order for the gross domestic product to grow by 1.5% this year, the target agreed upon with the IMF and European Commission.

Romanian Govt Sees GDP Up 0.3-0.4% In 2Q, Inflation At 4.8% In 2011

Romania's Government estimates a 0.3-0.4% growth of the gross domestic product in the second quarter, compared to the first, and an inflation rate of 4.8% this year, below the central bank's forecast, people close to the matter told MEDIAFAX.

Romania’s Economy Makes It Out Of Recession

Romania's economy expanded by 0.6% in the first quarter, after a meager recovery of just 0.1% three months earlier, a flash estimate of the country’s statistics institute showed Friday.

Romania 1Q GDP +0.5% On Quarter; Economy Exits Recession – Sources

Romanian economy grew by 0.5% in the first three months of 2010 compared with the previous quarter and is technically out of recession, according to governmental sources that cited data from the statistics institute.

WB: Romania Economy To See Solid Growth Improvement In 2011

Romanian economy will grow at one of the fastest paces in Eastern Europe in 2011, but recovery remains sluggish, the World Bank (WB) said in a report Tuesday.

Romania 2010 GDP Fall Revised Down To 1.3%

The Romanian economy shrank more than previously thought in 2010, largely due to declines in the constructions, retail and services sectors, revised figures showed Thursday.

Romania 2010 GDP Down 1.2% On Year, Less Than Expected

Romania's economy shrank at an annual rate of 1.2% in unadjusted terms in 2010, a slower pace than initially predicted, according to a flash estimate of the country’s statistics institute released Tuesday.

ING Ups Romanian GDP Growth Forecast To -1.6% In 2010

ING Bank Romania has lifted its forecast on Romanian gross domestic product growth to minus 1.6% in 2010, on better-than-expected third quarter GDP data, the lender said in a report Monday.

Romania 3Q GDP -0.7% On Quarter, Down 2.3% On Year

Romania’s third quarter gross domestic product shrank by 0.7% in seasonally-adjusted terms compared with the previous quarter, a flash estimate of the country’s statistics institute showed Friday.

IMF Sees Positive Q4 GDP Growth In Romania

The International Monetary Fund on Monday estimated Romania economy will return to positive territory in the fourth quarter, followed by a more consistent growth of 1.5% in 2011.

IMF Sees Romanian GDP Falling At Fastest Pace In Emerging Europe

Romania’s economy will shrink at the fastest pace among emerging states in Europe this year, while its estimated growth of 1.5% for 2011 will be the smallest in the region, the International Monetary Fund said in its latest global outlook report.

Romania GDP Seen Growing 1.5% In 2011

Romanian government estimates the economy will grow a modest 1.5% in 2011, following two years of recession, according to the country’s three-year fiscal strategy approved Wednesday.

Romania 2Q GDP Growth Among Smallest In EU

Romania's economy grew at one of the slowest paces in the European Union in the second quarter, below the European Union’s average growth of 1%, official data showed Thursday.

Romania 2Q GDP Growth Fueled By Industry

Romanian second quarter gross domestic product grew by 0.3% in seasonally adjusted terms compared with the previous three months, supported by a 4.2% increase in industry, the country’s statistics institute INS said Wednesday.

Romania 2Q GDP +0.3% On Quarter, -0.6% On Year

Romanian second-quarter gross domestic product grew by 0.3% in seasonally adjusted data compared with the earlier quarter, a flash estimate of the country’s statistics institute showed Friday.

EU: Romania GDP To Shrink 1.9% In 2010

Romania's economy will likely contract by 1.9% in 2010, hampered by weak domestic consumption and a bad agricultural year due to heavy flooding, a European Commission official said Wednesday.

Romania’s GDP Decline Seen Wider In 2010 Due To VAT Hike, Floods – PM

Romania’s economic decline is seen widening in 2010, due to the Constitutional Court’s ruling, which fended off a 15% cut in pensions and prompted the increase in the sales tax, to heavy floods in recent months and the international economic context, Prime Minister Emil Boc said Sunday.

Romania GDP Could Fall By 1%-2% In 2010 – Fin Min

Romania’s newly introduced 24% value added tax will take its toll on the economy this year, which could decline by 1% to 2%, Finance Minister Sebastian Vladescu said Tuesday.

Romanian SMEs Assoc: IMF To Revise ’10 GDP Forecast To -2%

The International Monetary Fund estimates Romanian economy will contract by around 2% this year and will pick up modestly in 2011, head of the National Council of Private SMEs, Ovidiu Nicolescu said Tuesday.

Raiffeisen Bank Sees Romania ’10 GDP -3% On Low Consumption

Raiffeisen Bank revised downward its forecast on Romania’s economic growth in 2010, from minus 2% to minus 3%, on lower household consumption following the increase in the value added tax level.

IMF To Maintain Romania’s 2010 GDP Forecast

The IMF will not significantly alter its forecast on Romania’s 2010 GDP, expected to see a 0.5% decrease this year, following the recently announced VAT hike and public sector wage cut, IMF mission head to Romania Jeffrey Franks told MEDIAFAX.

Romania’s 2010 Estimated Unemployment Rate Up 0.5% On Year – Govt

Romania’s Government said in a document issued in May that the number of unemployed people is expected to increase to 740,000, only 31,000 more on the year, and that the unemployment rate will grow to 8.3%, a 0.5% increase on the year.

Romania 1Q GDP -0.3% On Quarter, -2.5% On Year

Romania’s first quarter gross domestic product shrank by 0.3% in real terms compared with the earlier quarter, a flash estimate of the National Statistics Institute showed Wednesday.

IMF Sees Romania Economy Growing 5.1% In 2011

The International Monetary Fund estimates Romania’s economy will grow 5.1% in 2011, the biggest increase in the European Union, compared with a modest growth of 0.8% envisaged for this year, according to the fund’s latest World Economic Outlook.

Romanian Services Post Record 50% Contribution To ’09 GDP

Romania's services sector had a record 50.1% contribution to the gross domestic product in 2009, whereas the agriculture’s weight was slightly lower compared with a year before, Vergil Voineagu, head of the National Statistics Institute, said Monday.

Romania Revised GDP Data Show Mild Quarterly Growth In 3Q/09

Romania’s gross domestic product grew modestly in the third quarter of 2009 compared with a quarter earlier, putting a temporary stop to the country’s economic decline, according to revised data from the statistics institute INS.

Romania Revised ‘09 GDP -7.1% On Year, Less Than Expected

Romania’s gross domestic product shrank by a less than expected 7.1% on the year in 2009, amounting to 491.2 billion lei (EUR1=RON4.1092), revised data from the statistics institute INS showed Wednesday.

Romania Pledges To Cut Staff Costs By 0.2% Of GDP In 2010

Romanian government pledged to cut public personnel expenditure by 0.2% of the gross domestic product in 2010, according to the country’s latest additional letter of intent to the standby agreement with the International Monetary Fund.

Romania ‘09 4Q GDP Sees 2nd Largest Decline In EU

Romania posted the second biggest quarterly economic fall in the European Union in October to December last year, while the EU's gross domestic product inched up 0.1% on the quarter, official data showed Friday.

Romania’s GDP Falls 7.2% On Year In 2009, Country Still in Recession

Romanian economy declined 7.2% on the year in real terms in 2009, following a larger-than-expected quarterly contraction in the fourth quarter of the year, a flash estimate of the National Statistics Institute, or INS, showed Friday.

Romania GDP Seen Growing 0.5% In Q4 Vs Q3 – Analysts

Romanian economy is expected to advance 0.5% in the fourth quarter compared with July-September period, with similar quarterly growth rates likely to be reported in 2010 as well, analysts with ING Bank Romania said Monday.

Romanian Acting PM Sees GDP Growth Of Up To 2% Next Year

Romania will register economic growth of at least 0.5% of gross domestic product next year and could see growth of up to 2% of GDP, acting Prime Minister Emil Boc said late Saturday.

ING Revises Romania ’09 GDP Growth Forecast To -6.5%

ING Bank Romania slightly upgraded its forecast on Romania's economic growth in 2009, saying that it now expects the country’s gross domestic product to decline by 6.5% at year-end, from a 6.7% contraction previously estimated.

Romania 3Q GDP Sees 4th Largest Decline In EU

Romania posted the fourth biggest quarterly economic fall in the European Union in July to September, while the EU's gross domestic product inched up 0.2% on the quarter, official data showed Friday.

Romania 3Q GDP -0.7% On Quarter, -7.1% On Year

Romania’s third quarter gross domestic product shrank by a seasonally-adjusted 0.7% compared with the earlier quarter, a flash estimate of the National Statistics Institute, or INS, showed Friday.