Romania's GDP Grows 4% YoY in Real Terms in 2018
02.14.2019
Romania's gross domestic product grew 4.1% on the year in 2018 (4% in real terms), a flash reading from the country's statistics board showed Thursday.
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Romania's GDP Grows 7% in Real Terms in 2017 12.20.2018
Romania's gross domestic product grew 7% in real terms in 2017 compared with 2016, a semi-definitive reading from the country's statistics board... more
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Business Sector To Govt: New Taxes Cause Shock and Chaos in the Economy. Stop! 12.20.2018
The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop.... more
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Romania Announces New Taxes To Gain Extra RON10B Revenue 12.19.2018
Finance Minister Eugen Teodorovici on Tuesday evening announced new taxes on bank assets, energy and telecom companies, which he intends to use to... more
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Eurostat: Romania, Among Top Three EU Countries With Highest Annual Inflation Rate In November 12.17.2018
Romania, Hungary and Estonia registered the highest annual inflation rates, of 3.2% each, among European Union Member States in November 2018,... more
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Romeo Dunca, Dunca Expeditii: Everybody Imports 12.17.2018
The biggest problem of Romania’s economy is that it is overwhelmed by imports of goods, says Romeo Dunca, founder of Dunca Expeditii, one of the... more
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Romania's Current Account Deficit Balloons to EUR7.99B in Jan-Oct 12.14.2018
Romania's current account balance posted a deficit of EUR7.99 billion in January-October, nearly 52% higher compared with a deficit of EUR5.267... more
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Romanian Households’ Net Wealth Peaks at Decade High of EUR415B 12.14.2018
Each Romanian has a net wealth of more than EUR21,000 and the indebtedness per person stands at almost EUR1,610, Romania’s central bank shows in... more
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Finance Minister Teodorovici Sees 5.5% GDP Growth in 2019. Too Optimistic, Analysts Say 12.13.2018
Finance Ministry is delaying publication of the 2019 budget bills, which should have already been debated by the Parliament. On Tuesday night,... more
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Romania Has the Potential to Double Its GDP in Ten Years 12.12.2018
Romania can double its gross domestic product (GDP) from about EUR200 billion as estimated this year to EUR400 billion in ten years, provided that... more
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Romania Average Net Salary Grows 13.7% On Year In October 12.11.2018
The net average salary in Romania grew by 13.7% in October 2018 compared with October 2017, to 2,720 lei (around EUR585), and by 1.2% (RON32)... more
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Romania’s Annual Inflation Rate Falls To 3.4% In November 2018 12.11.2018
Romanian consumer prices grew 3.4% in November 2018, compared with November 2017, but the annual inflation rate fell by nearly one percentage... more
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Net Investment In Romania Grows 2.7% In Jan-Sept 2018, To RON54.6B 12.10.2018
Net investments in the Romanian economy grew 2.7% on the year in the first nine months of 2018, to nearly RON54.6 billion, data from the country's... more
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Romania’s Trade Deficit Widens To EUR11.8B In January-October 2018 12.10.2018
Romania's trade balance posted a deficit of EUR11.845 billion in the first ten months of 2018, EUR1.62 billion higher compared with the same period... more
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Romania’s Economy Grew More Than China’s or Japan’s in 1913-2013 12.10.2018
Over a century, between 1913 and 2013, Romania’s GDP per capita rose faster than China’s or Japan’s, as the room for growth was greater. Back... more
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Eurostat: Romania Posts Second Highest GDP Growth In EU In 3Q/2018 12.07.2018
Romania was the European Union's second highest growing economy in the third quarter of 2018, with 1.9% GDP growth compared with the second... more
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Romania GDP Grows 4.3% on Year in 3Q 12.07.2018
Romania's gross domestic product grew 4.3% in the third quarter of 2018 compared with the third quarter last year, a second reading by the... more
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BT Analyst: Annual Dynamic Of Private Consumption To Decelerate To 6% In 2018, Vs 10.1% In 2017 12.05.2018
The annual dynamic of private consumption will moderate in the upcoming years, falling to 6% in 2018, to 5% in 2019 and 4.6% in 2020, following a... more
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Isarescu Says Romania's Economy Refuses To Collapse 12.03.2018
Romanian central bank governor Mugur Isarescu expressed optimism during a conference on Monday regarding the evolution of the country’s economy,... more
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Romania Had Second Lowest Tax-to-GDP Ratio in EU in 2017, of 25.8% 11.29.2018
Romania had a tax-to gross domestic product ratio of 25.8% in 2017, the second lowest level among European Union member states, down from 26.5% in... more
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Romania Unemployment Rate at 4% in October 11.29.2018
Romania's seasonally adjusted unemployment rate inched up to 4% in October from 3.9% in September, data from the country's statistics board showed... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
