Romania’s GDP Could Reach EUR200B In 2018
09.19.2017
In 2018, when Romania celebrates 100 years since its Great Union, its gross domestic product could reach EUR200 billion, beating Greece’s or Czech Republic’s.
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BT: Funding Costs To Rise In Coming Period; Financial Market To Be Marked By Volatility 09.15.2017
Financing costs on a medium term will increase in the upcoming period, amid global trends and forecasts on the dynamic of nominal GDP, in parallel... more
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Romania Revises 2017 Economic Growth Forecast To 5.6% From 5.2% 09.15.2017
Romania's National Prognosis Commission on Friday revised the country’s economic growth forecast for 2017 up to 5.6%, from a previous estimate of... more
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Eurostat: Romania Sees Highest Annual Increase In Hourly Labor Costs In EU, In 2Q/2017 09.15.2017
Romania registered the highest annual increase in hourly labor costs, of 18.6%, among European Union member states, in the second quarter of 2017,... more
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Banca Transilvania Sees Current Account Deficit Rising To 3.4% Of GDP In 2017, Highest Level Since 2012 09.14.2017
Banca Transilvania chief economist Andrei Radulescu on Thursday said he expects the deficit of the current account balance to rise to 3.4% of the... more
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Slovakia, Latvia And Romania Post Highest Increases In Industrial Production In EU In July 2017 09.13.2017
Slovakia (9.2%), Latvia (8.9%) and Romania (7.6%) registered the highest increases in industrial production in the European Union, in July 2017,... more
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BNR: Romania’s Total External Debt Rose By EUR2.05B In January-July 2017 09.13.2017
Romania’s total external debt increased by EUR2.05 billion in January-July 2017 and its long-term debt reached EUR69.5 billion on July 31, 2017... more
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Analysts: Decline In Funds For Investments In Favor Of Wage Raises To Trigger Economic Imbalance 09.11.2017
The decline in funds earmarked for investments in favor of raising wage costs, stipulated in the draft budget revision, will boost consumption... more
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Romania Trade Deficit Widens To EUR6.8B In First Seven Months Of 2017 09.11.2017
Romania's trade balance posted a deficit of EUR6.82 billion in the first seven months of 2017, EUR1.7 billion higher than in the same period in... more
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Romania To Raise Funds for Most Ministries At Budget Revision 09.08.2017
Romania's government will have a positive budget reversion, with additional funds for most ministries, due to better than expected economic growth,... more
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Net Investments in Romania Down 0.2% in 1H/2017 09.08.2017
Net investments in the Romanian economy dropped by 0.2% in the first six months of 2017 compared with the same period last year, to RON29.8... more
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BT Analyst: Consumption Accelerates, Investments Rebound, But Rise In Workforce Costs Unsustainable 09.06.2017
Consumption accelerated in the second quarter of 2017, to 8%, from the year-earlier period, and productive investments returned to growth, with a... more
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SME Council: Planned Fuel Excise Hikes Won’t Solve Deficit Problem Or Balance State Budget 09.04.2017
Romania’s National Council of Romanian Small and Medium-sized Enterprises, or CNIPMMR, on Monday said the planned increase in excise duties on... more
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Eurostat: Romania’s Unemployment Rate Below EU Average In July 2017 08.31.2017
Romania's seasonally adjusted unemployment rate, of 5.2%, was below the European Union average, of 7.7%, in July 2017, Eurostat, the statistical... more
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VAT Collection Down 8% In July 2017/July 2016 Despite Rising Consumer Spending 08.28.2017
VAT collection has inexplicably worsened in July. While it dropped 4% year-on-year in the first half, in July it went down 8% compared with July... more
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Romania Private Lending Grows 0.5% on Month in July 08.24.2017
Romanian private lending grew 0.5% (0.2% in real terms) in July compared with June, to RON227.96 billion, central bank data showed Thursday. more
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Fitch: Romania's Robust Growth Is Not Risk Free 08.24.2017
Romania has posted another quarter of rapid economic growth, but pro-cyclical fiscal policy and rapid wage growth in 2017 have increased... more
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BT Analyst: Annual Average Inflation Rate, Under HICP, May Accelerate From 1.2% In 2017 To 3% In 2019 08.23.2017
The annual average inflation rate, under the harmonised index of consumer prices (HICP), could accelerate from 1.2% in 2017, to 2.8% in 2018 and 3%... more
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Eurostat: Romania Posts Lowest Annual Inflation Rate In EU In July 2017 08.17.2017
Romania registered one of the lowest annual inflation rates, of 0.9%, in the European Union, in July 2017, below the European average of 1.5%,... more
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BT: Romania’s GDP Growth Rate Expected To Slow Down In Second Half Of 2017 08.16.2017
The evolution of Romania’s economy in the second quarter of 2017, corroborated with the acceleration of inflation and the deterioration of... more
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Eurostat: Romania Posts Biggest GDP Growth In EU In 2Q/2017 08.16.2017
Romania registered the biggest economic growth rate in the European Union, of 5.7%, in the second quarter of 2017, compared with the same period a... more
Romania is going through a favorable time for its economy, for business, customers are better prepared but we must not let ourselves be
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BRD-Groupe Société Générale and UniCredit Bank is granting a syndicated loan worth over EUR177 million to pharmaceutical group A&D
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Nearly half (49%) of Romanian entrepreneurs said they started their own business to feel more secure about their own future, according
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The modern logistic and industrial space stock in Bucharest grew nearly ten times in the past 13 years, to nearly 1.2 million square
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OMV Petrom, the largest oil and gas producer in Southeastern Europe, on Wednesday said it invested nearly EUR5 million in modernizing
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BT Capital Partners, a top five broker in Romania, has been entrusted with the listing of the Globalworth bonds on the Bucharest Stock
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US company Timken opened a new bearing factory in Romania Tuesday, near Ploiesti, following an investment of $60 million.
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South-African investment fund New Europe Property Investment (NEP.RO), the largest player on the Romanian real estate market, has
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28% of Romanian employers plan to add to their payrolls in the July – September 2017 timeframe, according to the Q3 edition of the
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Brisegroup, one of the largest grain traders and farm input wholesalers in Romania, plans to invest EUR7 million in the completion of a
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Continental, one of the world’s largest car parts manufacturers, said it plans to increase the number of employees in Romania, by
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Banks Get EUR600M on Lower Reserve Ratios But Loan Interests Could Rise
Banks have around EUR600 million following the central bank's cutting of required ratios on foreign currency liabilities by two percentage points, but interests on loans could rise following international trends, despite higher market liquidity.
