01.09.2013

One explanation for the difference between preliminary GDP data and the “almost final” GDP data could be that companies’ losses increased after they could not factor in their higher raw material more

01.09.2013

Agriculture, a sector that accounts for about 6% to 7% of Romania’s gross domestic product every year, contributed EUR15 billion to the economy last year, down 16% from the peak year 2011, according more

01.06.2013

Romanian Prime Minister Victor Ponta has dismissed the country’s statistics institute INS president Vergil Voineagu, who will be replaced by Beatrix Gered in an interim capacity. more

01.04.2013

Romania’s national statistics institute INS considerably revised data on 2011 gross domestic product, affecting estimations for the GDP in 2012 and 2013 and other major indicators linked to it, more

12.28.2012

Economic analysts anticipate the economy will grow in 2013, with estimates for an increase of the gross domestic product ranging between 0.5% and 2.2% after the Romanian economy returned to negative more

12.06.2012

Romanian economy shrank 0.6% in the third quarter from the year-ago period, in line with previous estimations, hit by a sharp decline in agriculture, the country’s statistics institute INS said in a more

11.26.2012

Romania’s prognosis commission, or CNP, has revised downward its economic growth forecast to 0.7% in 2012, from 1.7% previously, saying it expects a negative contribution from farming output. more

11.22.2012

Romania must step up structural reform implementation and prioritize investments to fuel economic growth in 2013, an official of the European Investment Bank said Thursday. more

11.15.2012

Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday. more

11.15.2012

Romanian economy contracted 0.5% in the third quarter after recording a modest growth a quarter earlier, a flash estimate of the country’s statistics institute INS showed Thursday. more

11.14.2012

Agriculture, a sector that generates 6% of Romania’s’ gross domestic product (EUR10 billion to EUR11 billion) a year and made a significant contribution to the 2011 economic growth of 2.5%, more

11.13.2012

Romanian economic growth will likely slow down to 0.5% or even stagnate in 2012, followed by a modest recovery in 2013, according to estimates of Coface rating agency. more

11.08.2012

The International Monetary Fund estimates Romania will post only a modest economic growth in 2013, due to delays in EU fund absorption and implementation of structural reforms, IMF mission chief Erik more

11.07.2012

The European Commission revised its forecast on Romanian economic growth to 0.8% in 2012 from 1.4% previously, citing a weaker-than-expected agricultural year and domestic political uncertainties. more

11.07.2012

Romania’s economic growth could slow to a stop in 2013 unless steps are taken to speed up European fund absorption, central bank governor Mugur Isarescu said Wednesday. more

10.26.2012

The European Bank for Reconstruction and Development revised downwards its forecast on Romania’s economic growth to 0.5% in 2012, citing the eurozone crisis, the lower farming output and the more

10.17.2012

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Wednesday revised downward its forecast on the country’s economic growth to 1.1% in 2012, from 1.4% previously, citing prolonged uncertainties in more

10.05.2012

Romania’s economy grew at an annualized rate of 1.1% in the second quarter of 2012, slightly slower than previously estimated, revised data from the statistics institute INS showed Friday. more

09.06.2012

Romania’s second-quarter economic growth was backed by strong development in sectors such as professional, scientific and technical services, constructions, and information and communications, more

08.30.2012

Romanian top lender BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), Thursday cut its forecast on the country’s economic growth to 0.7% in 2012 from 1.2% previously, saying it expects more

08.23.2012

Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income. more

08.14.2012

The International Monetary Fund has revised down its forecast on the Romanian economy to 0.9% in 2012 from 1.5% previously, IMF mission chief Erik de Vrijer said Tuesday. more

08.14.2012

Romania’s gross domestic product expanded 0.5% in the second quarter, after a decline of 0.2% in the previous three months, a flash estimate of the country’s statistics institute showed Tuesday. more

08.09.2012

Romanian government has revised down its economic growth forecast to 1.2% in 2012 from 1.5% previously, according to a draft of this year’s first budget revision obtained by Mediafax. more

08.08.2012

The International Monetary Fund will not lower its forecast on the Romanian economic growth below 1% for 2012, in spite of a weak harvest predicted for this year and the difficult climate elsewhere in more