Articolele autorului Florentina Dragu
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Romanian Energy Price Deregulation Must Happen Quickly, President Says
Romania's government must establish “very quickly” a calendar for price deregulation in the energy and natural gas sectors to allow an adequate inflation targeting at the central bank, President Traian Basescu said Thursday. citeşte tot
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Romanian President: 2011 GDP Growth May Top Forecast
Romanian economic growth could top 2% this year, above the 1.5% official forecast, President Traian Basescu said Thursday. citeşte tot
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Romania Up 4 Notches In IMD 2011 World Competitiveness Report
Romania went up four places to 50th in the annual IMD World Competitiveness report, with a total score of 57.497 out of 100 points possible. citeşte tot
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Romanian Govt Adds Pvt Company To IMF Letter Of Intent By Mistake
Dalkia Romania, a unit of French utility Veolia Environment, was included by mistake on a list of money-losing public companies that require international monitoring. citeşte tot
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Romania Gives Up Plans To Shut Down Oltchim If Privatization Fails
Romania's Government gave up its plans to shut down chemical plant Oltchim Ramnicu-Valcea (OLT.RO) if privatization procedures should fail in 2011, according to the country’s letter of intent to a EUR3.6 billion loan agreement with the International Monetary Fund. citeşte tot
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Romania Ctrl Bker: Capital Inflows To Turn Focus On Monetary Policy Rate
Higher foreign capital inflows in Romania will likely bring back focus on the key interest rate, but the central bank might have to divert attention to competitiveness from inflation targeting, a central bank official said Friday. citeşte tot
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Romania’s Economy Makes It Out Of Recession
Romania's economy expanded by 0.6% in the first quarter, after a meager recovery of just 0.1% three months earlier, a flash estimate of the country’s statistics institute showed Friday. citeşte tot
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Romania 1Q GDP +0.5% On Quarter; Economy Exits Recession - Sources
Romanian economy grew by 0.5% in the first three months of 2010 compared with the previous quarter and is technically out of recession, according to governmental sources that cited data from the statistics institute. citeşte tot
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Romania April New Car Registrations +32% On Month, -44% On Year
Romanian new car registrations rose 31.8% on the month to 4,999 units in April, but were down nearly 44% from the year-earlier month, Interior Ministry data showed Wednesday. citeşte tot
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Romania 1Q Trade Gap Narrows To EUR1.4B
Romania’s trade deficit narrowed to EUR1.4 billion in the first quarter, from EUR2 billion in the year-earlier period, the country’s statistics institute INS said Tuesday. citeşte tot
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Romania Inflation Hits 32-Month High In April
Romanian consumer prices rose 0.66% in April from a month earlier, while the annual inflation accelerated to 8.34%, the highest level since July 2008, the country’s statistics institute INS said Tuesday. citeşte tot
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IMF Says Tax Cuts In Romania Not Possible On Short-Term
Romania can’t afford to reduce its main taxes in the coming years, because the measure would entail substantial spending cuts in the public system, an official of the International Monetary Fund said Monday. citeşte tot
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Romania Needs More Data Before Cutting Social Security Taxes - IMF
Romania and the International Monetary Fund have agreed to wait for additional fiscal data before deciding on a potential cut in social security contributions, IMF mission head Jeffrey Franks said Monday. citeşte tot
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IMF: Romania Central Bank May Need To Adjust Monetary Policy
Romanian central bank may need to adjust its monetary policies to tackle rising food and fuel prices and reach its inflation target for 2012, an official of the International Monetary Fund said Monday. citeşte tot
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Romania Unlikely To Tap Into IMF Funds In 2011 – Mission Head
Romania is highly unlikely to access the funds made available through a EUR5 billion precautionary deal from the International Monetary Fund and the European Union in 2011, IMF mission chief Jeffrey Franks said Monday. citeşte tot
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IMF: Romania To Step Up EU Fund Absorption Or Face Repays
Romania could be forced to refund up to EUR1.5 billion in European money this year unless it accelerates structural fund absorption, an official of the International Monetary Fund said Monday. citeşte tot
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IMF: Romania To Sell Large Stakes In Key Energy Companies
Romanian authorities will make the necessary arrangements to sell “significant stakes” in several key energy companies in the coming months, including nuclear power company Nuclearelectrica and gas pipeline operator Transgaz, an official of the International Monetary Fund said Monday. citeşte tot
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Romania 1Q Power Output +2.3%, Resources +3.2% On Year
Romanian power output rose 2.3% on the year to 5.93 million tons of oil equivalent in the first quarter, while the country’s primary energy resources increased 3.2% to 8.6 million tons of oil equivalent, official data showed Monday. citeşte tot
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Franks: Romania, IMF Agree On Economic Policies For Follow-Up Deal
Romania and the International Monetary Fund have reached an agreement on the economic and fiscal policies to be pursued during a EUR5 billion two-year precautionary program, IMF mission chief Jeffrey Franks said Monday. citeşte tot
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Romania Meets EU Criteria For EUR150M Loan Disbursement
Romania has met the criteria requested by the European Commission for the disbursement of the final tranche of a EUR5 billion loan, worth EUR150 million, the EU mission chief Istvan Szekely said Monday. citeşte tot
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Romanian Annual Inflation Seen Rising To 8.2% In April
Romanian consumer prices are likely to increase by 0.5% on the month in April, while the annual inflation is seen accelerating to 8.2%, according to a median forecast of the country’s association of financial and banking analysts AAFBR. citeşte tot
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Romania Ctrl Bk: Stable Exchange Rate Preferable On Long Run
Romanian central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romania Ctrl Bk: Fuel Price Freeze Detrimental In Long Run
A price freeze on fuels would be detrimental to Romania in the long run, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romanian Food Prices Rise At 2nd Fastest Pace In Region - Ctrl Bk Head
Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumption basket remains an unresolved issue. citeşte tot
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Romania Ctrl Bk Head: Leu’s Appreciation Helped Mitigate Large Shocks
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu said Thursday. citeşte tot
