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.

Finance Minister: 2019 Budget Will Be Forwarded To Parliament By Mid-December
11.27.2018

Romanian finance minister Eugen Teodorovici said Tuesday the 2019 state budget bill would be sent to Parliament for approval by mid-December,... more
Romania's Budget Deficit at 2.2% of GDP in Jan-Oct, Finance Minister Says
11.27.2018

Romania's consolidated budget posted a deficit of 2.2% of gross domestic product in January-October, finance minister Eugen Teodorovici said... more
European Commission Urges Romania to Adjust Ballooning Public Deficit
11.21.2018

Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural... more
Tax Agency ANAF Under Pressure To Boost Revenue By 15%
11.19.2018

The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target. more
Romania’s GDP Grows 4.3% On Year In 3Q/2018
11.14.2018

Romania's gross domestic product grew 4.3% in the third quarter of 2018 compared with the third quarter last year, a flash estimate of the... more
Romania Current Account Deficit Widens to EUR6.619B in Jan-Sept
11.13.2018

Romania's current account balance posted a deficit of EUR6.619 billion in January-September, compared with a deficit of EUR4.779 billion in the... more
IMF: Romania Should Reassess Public Sector Wage Growth and Changes to Pensions
11.12.2018

Romania should reassess increases in public wage and planned changes to pension benefits for their negative implications for fiscal sustainability... more
Romania’s Annual Inflation Rate Falls To 4.3% In October 2018
11.12.2018

Romanian consumer prices grew 4.3% in October 2018, compared with October 2017, but the annual inflation rate is on downward trend, from 5% in... more

Romania’s Banking System Profit Hits Record High of Over RON7B in 2018

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an

Four Companies Vie For EUR40M Construction Contract Of Brasov-Ghimbav Airport Terminal

Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have

Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air $Germany’s Zeitfracht Group Acquires 10% In Airline Blue Air$

German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share

C&W Echinox: Office Transactions Hit EUR95M in Romania in 2018

Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the

Chitila Turns Into Bucharest’s Future Logistics And Industrial Hub

Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the

World Bank Lowers Romania GDP Growth Projections to 3.5% in 2019, 3.1% in 2020

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

Nestle To Shut Down Its Romanian Factory

Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the

Romania's Fiscal Instability, Main Challenge for Businesses in 2019

Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,

Analysis

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.