Romanian economy
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Exports continue to increase, imports slow down
Exports continued to go up in August, driven by foreign demand, at an accelerated 25.2% compared with August 2009, while the imports rise slowed down to 13.7%.
Pessimistic forecasts: GDP decline between 1.5% and 2.8%
The economy fully felt the effects of the VAT increase and of the 25% cuts to public sector employees' salaries in the third quarter, after the temporary rebound recorded in the second quart...
Message to Government: Take ten steps back and let the economy work
Codruț Pascu, managing director of consultancy Roland Berger, says the private sector is the one that should chose Romania's development directions, with the state only being responsible wit...
Business people at ZF Expert meeting: Romania's economy to languish over the next two or three years
Over the next two or three years the economy will continue to languish, using an “it's OK as it is” approach, several businesspeople believe, while Dan Pascariu, chairman of UniCredit Tiriac...
Romania will finally have predictable, multi-year budgets
At the IMF's request, the Finance Minister has set firm caps in advance that it will have to observe on personnel spending and on spending allocated for the main budget components of the con...
Head of Statistics Institute sees growth in Q3 and W-shaped recession
The economy could get out of recession at the end of the third quarter, after a new increase in the GDP, but the last quarter might see decline, hence a W-shaped trend, said Vergil Voineagu,...
Isărescu describes Romania's situation looking back at 1991
Governor Mugur Isărescu opened the seminar organised on Saturday to celebrate the 130 years since the setting up of the National Bank of Romania by telling a short story about the financial...
Is the local currency still a clear advantage for the Romanian economy?
While the outlook of euro adoption around 2015 is ever more uncertain, economists state the advantage of having our own currency, for which the Romanian elite fought hard a century and a hal...
Top profit makers in the first year of crisis
The major companies in Romania stayed in the black in 2009, which was most likely the hardest year for the Romanian economy, except for the ArcelorMittal Galați steel plant, held by Indian b...