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GDP economic growth

Households’ consumption leads Romania’s economic growth of 5.7 pct in Q1

Finance June 07, 2017 11:24 0 comments

Households’ consumption supported Romania's economic growth of 5.7 percent in the first quarter of the year, with a contribution of 4.8 percent in the economic increase, according to the National Institute of Statistics (INS). „From…more »

SMEs initiative

EC cuts Romania’s growth estimate for 2017, warns of risks over public wage draft bill

Finance May 11, 2017 13:02 0 comments

The European Commission, the executive arm of the European Union, has updated downwards the growth estimate for Romania by 0.1 percentage points to 4.3 percent this year in its spring forecast. In the previous economic…more »

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Garanti Bank revises upwards Romania’s economic growth estimate to 4 pct in 2017

Featured April 26, 2017 14:09 0 comments

Garanti Bank has increased its forecast regarding GDP growth in 2017, to 4 percent, from 3.7 percent estimated last year, due to improved expectations for trade and industry. “2017 is about maintaining macroeconomic stability and…more »

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Romania fiscal risk at level from 2008, says economist Dan Bucsa (UniCredit)

Finance March 29, 2017 15:16 0 comments

Romania is currently registering one of the highest fiscal risks in the Central and Eastern Europe and the situation of the local economy bears similarities to the figures that were recorded before the start of…more »

AmCham

Amcham Romania warns of fiscal slippage risk over government policy

News March 02, 2017 14:19 0 comments

AmCham Romania, the organization representing over 400 American, international and Romanian companies, warned that the main indicators of this year’s public budget run the risk of generating fiscal slippages that could generate additional costs. The…more »

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President Iohannis: The 2017 budget voted by Parliament seems “problematic”, “risky”

Finance February 14, 2017 13:55 0 comments

Romanian president Klaus Iohannis claims that there are some issues with the budget voted by MPs and that he will decide in the next days if he approves it or sends it back to Parliament…more »

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Romania’s draft budget for 2017 based on 5.2 pct economic growth estimate

Finance January 23, 2017 11:43 0 comments

Romania’s draft public budget for 2017 is based on a growth estimate of 5.2 percent of GDP this year, above the expectations of economists. In addition, the budget deficit limit for this year is set…more »

"statistics"

World Bank: Romania’s economy to grow slower by 2019

Finance January 11, 2017 14:42 0 comments

Romania’s economy is set to grow by 3.7 percent in 2017, by 3.4 percent in 2018 and by 3.2 percent in 2019, estimates the World Bank in the report regarding the World Economy Perspectives. For…more »

commercial deficit trade deficit

Moody’s: Romania’s economic growth to remain above 3 pct in next two years

Featured December 20, 2016 10:40 0 comments

Romania has made significant progress in balancing its macroeconomic figures and in consolidating the public finances, but there’s a risk that the fiscal easing might bring a deterioration of the Government's fiscal perspective, says the…more »

Lazea

BNR chief economist: Romania’s economy can’t grow sustainably by 5 pct yearly based only on monetary, fiscal and wage stimulus

Finance October 18, 2016 13:09 0 comments

The chief economist of the National Bank of Romania, Valentin Lazea, warns that the Romanian economy needs massive program for structural in order to keep growing by 5 percent yearly on the long run. “The…more »