George Banciulea

Managers in Romania expect growth in construction, retail trade business, prices in next three months

For the next three months, Romanian managers expect an increase in business volume and prices in construction and retail trade, as well as a moderate increase in business volume and prices in the manufacturing industry and services according to findings of a survey conducted by the National Institute of Statistics (INS) and released on Friday.

BNR:Annual inflation rate could rise above upper limit of target range in second half of year

The annual inflation rate is expected to rise visibly above the upper limit of the target range in the second half of this year, to 4.1% in December 2021, compared to the previous forecast's 3.4%, according to the minutes of the monetary policy meeting of the National Bank of Romania (BNR) Board of Directors on May 12, 2021.

Gross domestic product up by 2.8 pct in first quarter of 2021

The Gross Domestic Product increased by 2.8%, as seasonally adjusted series, in the first quarter of 2021, compared to the previous quarter, while, compared to the same period last year, the GDP did not record any change, according to the estimated data released Tuesday by the National Institute of Statistics (INS).

FinMin Nazare, European officials discuss Romania's prospects for economic growth in 2021

On a working visit to Brussels, Romania's Finance Minister Alexandru Nazare discussed with senior European officials Romania's economic growth prospects for 2021, narrowing its government deficit to below 3% of GDP by 2024 and introducing new measures to boost the economy under the SURE Instrument.

Annual inflation rate rises to 3.2% in April

The annual inflation rate rose to 3.2% in April this year, from 3.1% in March, given that the price of non-food goods rose by 5.21%, food goods by 0.76%, and services by 2.61%, according to data published on Thursday by the National Institute of Statistics (INS). "Consumer prices in April 2021, compared to March 2021, increased by 0.5%.

Minister Ghinea: Difference of opinions between Government, EC on PNRR: Do not agree on motorways, irrigations, culture

There is a difference of opinions between the Romanian Government and the European Commission regarding the National Resilience and Recovery Plan (PNRR), declared, on Thursday, the minister of Investments and European Projects, Cristian Ghinea, at private broadcaster Digi24, mentioning the motorways, irrigations and culture. "There are 350 investment lines in PNRR.

Pages