Articolele autorului Florentina Dragu
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Romania 1Q GDP Growth Revised Up To 0.7%
Romania's economy expanded at a faster pace than previously estimated in the first quarter, supported by rising exports and increasing activity in industry and retail sectors, revised figures showed Wednesday. citeşte tot
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Romania Ctrl Bank Head Says 2005/06 Monetary Policy Tightening Not Good
Romanian central bank’s monetary policy tightening in 2005-2006 had a negative impact on prices, because it led to a non-sustainable appreciation of the leu and a boom of the foreign currency lending, the bank’s chief said Tuesday. citeşte tot
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Romanian Ctrl Bker: Banks Aren't Leaving, Shareholders Might
Romania's central bank has no knowledge about any foreign lender that wants to abandon operations on the local market, Adrian Vasilescu, adviser to the central bank governor told Ziarul Financiar, dismissing media allegations on the matter. citeşte tot
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Romania Average Net Wage Up 0.3% MM In April, To RON1,498
Average net wages in Romania inched up 0.3% on the month to 1,498 lei (EUR362) in April, boosted mainly by Easter and other seasonal bonuses, the statistics institute INS said Monday. citeşte tot
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Moody’s: Greek Banks Could Sell Romanian Business If Crisis Worsens
Greek lenders are unlikely to withdraw substantial capital from their Romanian subsidiaries over the coming period, but a sovereign crisis at home could prompt a sale of international businesses, Moody’s Investors Service said. citeşte tot
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EBRD: Greece’s Troubles Unlikely To Send Romania Back Into Recession
Greece’s seemingly turn for the worse is unlikely to push Romanian economy into recession, said Peter Sanfey, lead economist at the European Bank for Reconstruction and Development. citeşte tot
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Romania April Tourist Arrivals Up 5.1% On Year
Tourist arrivals in Romania rose 5.1% in April from the year-earlier month, while tourist accommodations were up 2.2% on the year, the statistics institute INS said Friday. citeşte tot
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Romania Dacia Registrations In Spain Fall 34% In Jan-May
Spanish car importers’ association ANIACAM Wednesday said new registrations of Romanian-manufactured Dacia model fell 34% on the year to 5,771 units in January to May, amid an overall market decline of 26.5%. citeşte tot
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ING Says Romania’s Plan To Cap Deficit At 3% Of GDP Ill-timed
Romania’s planned amendments to the Constitution in order to limit the consolidated budget deficit to 3% of the gross domestic product may be positive on the long run, but its immediate opportunity is questionable, according to a report from ING Bank. citeşte tot
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Romania Housing Construction Down 4.5% In 1Q
Romanian housing construction slid 4.5% to 7,985 units in the first quarter from the year-earlier period, as builders broke ground on fewer new homes in urban areas, the country’s statistics institute INS said Thursday. citeşte tot
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Romania Forex Reserves Rise To EUR32.7B In May
Romanian foreign exchange reserves rose to EUR32.7 billion in May from EUR32.07 billion a month earlier, central bank data showed Wednesday. citeşte tot
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Romanian Leu Still Overvalued Vs Euro, Exports Affected - Businessmen
The Romanian leu is still overvalued and its continuous appreciation versus the euro has a negative impact on exports and, implicitly, on economic recovery, the Romanian Businessmen Association AOAR said Wednesday. citeşte tot
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Romania Doesn’t Give Up Plan To Create Energy Champions
Romanian government didn’t give up its plan to merge the main power companies into two national champions, but a system overhaul to create several smaller energy centers has better chances of success at the moment, an official of the Economy Ministry said Tuesday. citeşte tot
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Roubini: Romania Unlikely To Join Eurozone In 2015
Romania will probably miss its self-imposed deadline for euro adoption in 2015, American economist Nouriel Roubini said Wednesday, mentioning that there’s “nothing wrong with waiting another year or two” before joining the euro area. citeşte tot
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Romania Central Bank Sees Rising Capital Inflows On Medium-Term
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday. citeşte tot
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Romania Ctrl Bk Head: Pension Cuts Preferable To VAT Rate Increase
Lowering pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isarescu said Wednesday. citeşte tot
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Romania Ctrl Bk: There’s No Predetermined Economic Growth Model
The economic growth model is not predetermined, but is based on the decisions of private investors and on macroeconomic policies, Romanian central bank governor Mugur Isarescu said Wednesday. citeşte tot
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Romanian Bankers See Rates On Leu, Euro Loans At Close Levels In 18 Months
The gap between interest rates on Romanian leu- and euro-denominated loans is likely to narrow in the next 18 months, provided the cost of domestic currency lending will continue its downward trend, the head of Romanian Banking Association (ARB) said Tuesday. citeşte tot
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Romanians Spend Over Half Of Monthly Budget On Food, Utility Bills - Survey
Romanian households spend more than half of their monthly budgets on food, gas and electricity bills, ranking first among EU countries, UniCredit said in a presentation at the EBRD annual meeting in Kazakhstan Friday. citeşte tot
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Romania Remains Top CEE Business Destination In May - Survey
Romanian economic outlook for the next six months improved slightly in May, anchoring the country in the first spot among the best business destinations in Central and Eastern Europe, a ZEW/Erste survey showed Friday. citeşte tot
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EBRD Ups Romania GDP Forecast To +1.8% In 2011
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity measures implemented under a multilateral financial program will pay off. citeşte tot
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Romanian President Says No Further Bank Taxes In Sight
Romanian President Traian Basescu Thursday said the government doesn’t plan to increase banking taxes. citeşte tot
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Romania Can’t Afford Lower Social Security Taxes - President
Romanian President Traian Basescu Thursday said the economy can’t afford lower social security contributions until tax collections improve. citeşte tot
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Romanian Private Lending Seen Recovering In H2
Romanian private lending is poised to pick up in the second half of 2011, albeit at a slower pace compared with pre-crisis levels, said Radu Ghetea, head of Romanian Banking Association. citeşte tot
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Romanian President Says VAT Increase ‘A Political Error’
Romanian President Traian Basescu on Thursday said that raising the value added tax rate to 24% from 19% was a “political error” that delayed the country’s exit from recession by at least six months. citeşte tot
