GDP
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GDP misses return to growth by 0.5%
The economy fell by merely 0.5% in the second quarter compared with the same time of last year so that even though it did not step into the black again, it at least managed to slow down its...
Budget deficit climbs by another 1bn euros in May, to 3.1% of GDP
The increase in budget spending and the continued revenue decline have deepened the budget deficit by a further one billion euros in May, to 3.1% of GDP, so it remains to be seen whether the...
Exports show structural improvement, yet economic impact still limited
The structure of Romania’s exports has improved over the last few years, but they continue to account for a low percentage of GDP, about 30%, with limited potential to boost the economy.
Largest private companies of 2009
The top ten largest private companies on the Romanian market posted around 14 billion euros in turnover last year, i.e. 12% of Romania's GDP, 4 billion euros less than the amounts collected...
Each Romanian lost a 1,000 euro holiday because of the crisis
2009 GDP registered the steepest decline of the past two decades in terms of absolute value, in euros. GDP per capita lost 1,000 euros last year, to 5,390 euros as a result of the economic d...
Cutting the budget deficit, Romania's major challenge on its way to the euro
The resumption of economic growth this year will create the conditions for an accelerated fiscal consolidation, according to the updated convergence programme, which features the strategy to...
Each Romanian lost a 1,000-euro holiday because of the crisis
The 2009 GDP witnessed the most abrupt decline of the last two decades in absolute value, in euros.
The economy is further slipping into recession
Everybody was expecting a quarter-to-quarter economic rebound, but the decline worsened from -0.6% to -1.5% in Q4, 2009 from Q3, 2009.
Eurostat lowers Romania’s GDP by 1 billion euros in 2008
Eurostat, the European statistics institute, shows Romania to have had a 6.2% actual GDP growth, 1% lower than the figure published by the National Statistics Institute, which amounts to a 1...