All News on Economics in Romania
Despite two straight quarters of decline, Romania's economic trend still positive, EcoMin says
Although Romania's economy recorded two straight quarters of decline, it stays on a positive trend with a seasonally adjusted economic growth of 2.6 percent in the first half of 2014 compared to the similar period of 2013, Economy Minister Constantin Nita said in a press release to AGERPRES on Monday.
Central bank wants stable exchange rate as it easily influences prices
The National Bank of Romania (BNR, the central bank) is concerned with the stability of the exchange rate of the national currency leu, as its volatility is easily translated to prices, with a particular feature of a lesser impact of appreciation, compared to a nearly double impact of depreciation, BNR Governor Mugur Isarescu declared on Wednesday, upon presenting the quarterly re
Romania Raises Indirect Taxes to Fill Budget Gaps
Romania's government is proposing controversial increases in some taxes after deciding to cut taxes on employers in order to boost job creation.
The cabinet on Wednesday is to start debating a draft Fiscal Code that includes increasing taxes on cars and owners of non-residential properties among other things.
Romania to Cut Tax on Firms Over IMF Objections
Against the wishes of the IMF, Romania's government has approved a draft law cutting the social security tax paid by the employers by 5 per cent.
The bill, designed to boost jobs and business, needs the approval of parliament before becoming effective in October, but the centre-left ruling coalition has a majority in parliament to ensure it goes ahead.
Romanians Abroad Send More Cash Home
Remittances again registered an increase in 2013, with Romanians sending home 4.2 billion euro last year, according to data from the National Bank.
The rise is believed to signify that many Romanian emigrants to countries like Italy and Germany have again started to find stable employment after the worst of the financial crisis.
PM Ponta: Competitive energy market, low labour taxes to make Romania more prosperous, more stable
Romania's international financial partners will have to understand that a competitive energy market and lower labour taxes will make Romania a more prosperous and more stable country, Romania's Prime Minister Victor Ponta told a Euromoney conference on Thursday on regional finance and investment for South-East Europe.
Romania does not fulfill Eurozone convergence criteria regarding inflation, exchange rate, fulfills rest
Romania has not fulfilled two of the five nominal convergence criteria for adopting euro, namely those regarding inflation and exchange rate, but it fulfilled those regarding budget deficit, public debt and long-term interest rates, the Convergence Report published on Wednesday by the European Commission shows.