economic growth

Opposition Leaders Criticize 2019 State Budget Project, Say Growth Projection Is Unfeasible

14:17, 01 Feb. 2019
Leaders of Romanian opposition parties heavily criticized the Government’s proposed state budget project for 2019 on Friday, with the main point of discontent revolving around the economic predictions on which the budget is based.

IMF Representatives Begin Mission To Romania

13:52, 06 Nov. 2018
A mission of the International Monetary Fund (IMF) arrived on Tuesday in Romania to commence of week-long analysis of the country’s economic and financial developments, according to a press release issued by the institution.

President: Romania’s Economy Might Grow 3% In 3Q Compared With July-Sept 2010

20:43, 30 Oct. 2011
Romania’s economy might grow 3% in the third quarter of the year compared with the same interval a year ago if the country’s economic performance in September is not spectacularly bad, President Traian Basescu told a news conference Sunday.

Economic Growth Needs Stable Prices – Central Bank Governor

19:36, 05 Sept. 2011
Romanian central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices.

Romania’s Economy Might Grow 3.5% In 2012 Depending On International Situation

13:22, 31 Aug. 2011
Romania’s economy might see a 3.5% growth in 2012, but the economic outlook depends to a great extent on what happens in the eurozone and worldwide, Prime Minister Emil Boc said Wednesday.

Romania Ctrl Bk: There’s No Predetermined Economic Growth Model

13:32, 25 Mai 2011
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.

Romania’s Economic Growth Potential At 3% On Medium Term – IMF

16:49, 10 Mai 2011
Romania has an economic growth potential of 3% on medium term, but it needs to raise local production for a sustainable growth, according to Jeffrey Franks, head of the International Monetary Fund mission to Bucharest.

Romanian Economy Not Out Of The Woods Yet – Fiscal Council

17:07, 07 Apr. 2011
The Romanian economy has stabilized, but the country is yet to emerge from its worst recession in over a decade, the parliament-appointed Fiscal Council said Thursday.

Romania’s Return To Growth Depends On Fiscal Policy, Euro-Zone Recovery – Analysts

15:48, 29 Dec. 2010
Romania’s gross domestic product might grow by some 1% in 2011, after a 2% fall this year, but the economic growth depends on the domestic fiscal policy and the recovery of the European Union economies, analysts said.

Romanian 2011 Economic Growth Closer To Zero – Ctrl Bker

10:26, 26 Nov. 2010
Fiscal slippages and political uncertainty may keep Romanian economic growth closer to zero in 2011, despite official forecasts that point to an advance of 1.6%-2%, a central bank official said Thursday.

Romania Can’t Sustain GDP Growth Of Over 5% On Long Term – Ctrl Bker

13:36, 11 Nov. 2010
Romania is missing the required “ingredients” for a sustainable economic growth of over 5% on the long term, because of declining population and of its dependency on foreign capital, a central bank official said Thursday.

Romanian Fin Min: New Forecasts Show 1.7%-1.9% GDP Contraction In 2010

18:16, 30 Iul. 2010
Romanian Finance Minister Sebastian Vladescu on Friday said new estimations indicate an economic contraction of 1.7%-1.9% in 2010, compared with a previous forecast pointing to a stagnation or a minor decrease.

Romania GDP Likely To Grow In 2Q – ING

12:24, 25 Iun. 2010
Romanian gross domestic product is likely to post growth for the second quarter, supported by increased local demand, but the improvement will be only temporary, ING Bank said in a survey.

Lending Won’t Be Main Driver Of Romania’s Growth In Long Run – Raiffeisen

11:30, 26 Mai 2010
Romania's economic growth will be higher than European Union’s average on long-term, due to the convergence process, but the economy will no longer be sustained by loans, as before, Raiffeisen Bank Romania’s chief executive Steven van Groningen said Wednesday.

EBRD Lowers Romania’s 2010 Econ Growth Forecast To Zero From Previous 1.3%

13:16, 15 Mai 2010
The European Bank for Reconstruction and Development (EBRD) has lowered its forecast on Romania’s 2010 economic growth to zero from a previous forecast of 1.3%, citing limited internal demand expected after the country’s austere budget gap tightening measures.

IMF: Romania Economy To Grow 3.6% In 2011 Vs Decline In 2010

10:45, 10 Mai 2010
The International Monetary Fund forecasts Romania’s economy will grow 3.6% in 2011, following a possible minor contraction envisaged for this year, IMF mission head Jeffrey Franks said in Bucharest Monday.

Romania Fin Min: IMF Forecast On ’10 GDP Growth May Be Optimistic

16:46, 27 Apr. 2010
The International Monetary Fund’s latest forecast on Romania’s economic growth of 0.8% this year, recently revised down from 1.3%, may be too optimistic, the country's Finance Minister Sebastian Vladescu said Tuesday.

IMF Cuts Romania’s 2010 Growth Forecast To 0.8%

20:11, 15 Apr. 2010
The International Monetary Fund on Thursday cut its growth forecast for Romania this year to 0.8% from 1.3% previously, due to weaker-than-expected economic results in the last quarter of 2009 and feeble consumption.

IMF May Update Romania’s GDP Forecast, On Slightly Weaker Data

15:09, 30 Mart. 2010
The International Monetary Fund might slightly update its forecast on Romania’s economic growth, on recent weaker than expected data, an IMF official said Tuesday.

Romania’s BCR Revises Up 2010 Economic Forecast To Near 2%

13:12, 30 Mart. 2010
Romania’s largest lender Banca Comerciala Romana, or BCR, Tuesday revised upward its forecast on economic growth to 1.9% in 2010 from 0.6% previously, as private investments are seen picking up.

Romania GDP Poised To Grow 0.2% In Worse Case Scenario

20:46, 05 Mart. 2010
A very sluggish global recovery could put pressure on Romania’s economic growth in 2010, slowing it down to 0.2% from 1.3% envisaged in the basic scenario, according to the government’s draft convergence program for 2009-2012.

Romania To Post Slight GDP Growth In 1Q – IMF

11:08, 27 Ian. 2010
The International Monetary Fund expects the Romanian economy to return to growth in the first quarter, after a small contraction in the fourth quarter of 2009, Jeffrey Franks, head of the Fund's mission to Bucharest, said Wednesday.

Moody’s Ups Romania 2010 GDP Forecast To 2.3% Vs 1.2%

14:48, 19 Ian. 2010
Moody’s Investors Service revised upward its forecast on Romania's economic growth to 2.3% in 2010 from 1.2% previously, anticipating the economy will see a positive evolution starting with the second quarter.

IMF Ups Romania GDP Growth Forecast To -7% In ‘09, +1.3% In ’10

12:21, 17 Dec. 2009
The International Monetary Fund revised up its forecast on Romania's economic growth for 2009 and 2010, saying the economy looks better than a month ago on the backdrop of a stronger foreign demand.

BRD: Romanian Auth Should Ensure Sustainable Econ Growth Beyond ’10

13:07, 08 Dec. 2009
The Romanian authorities ought to ensure that the modest economic growth predicted for 2010 will turn into a sustainable increase of 2%-3% over the next few years, an official of Banca Romana pentru Dezvoltare - Groupe Societe Generale (BRD.RO) said Tuesday.

Flat Tax Might Be Reduced In 2011 If Romania Resumes Economic Growth – President

19:00, 14 Nov. 2009
Romanian President Traian Basescu said Saturday, during a debate held in Cluj-Napoca, northwestern Romania, the flat tax might be reduced from 16% to 14% in 2011 if Romania resumes economic growth.

EC Revises Up Romania’s 2010 GDP Growth To 0.5%

13:25, 03 Nov. 2009
The European Commission revised upward its forecast for Romania’s economic growth to 0.5% in 2010, a slight improvement from a zero growth rate previously envisaged, the Commission said in its autumn forecast Tuesday.

President Reiterates Romania Will Return To Growth In 2010

14:00, 23 Oct. 2009
Romania will overcome the difficult economic period and will resume growth next year, President Traian Basescu said Friday.

President Traian Basescu: Romania To Return To Economic Growth In 2Q 2010

17:14, 03 Oct. 2009
Romanian President Traian Basescu said Saturday, within a meeting with businesspeople in western city of Timisoara, that Romania might return to economic growth in the second quarter of 2010, according to the central bank’s evaluations and forecasts.

Romanian Economy Seen Growing 1.6% In 2010 – ING Bank

19:04, 07 Sept. 2009
ING Bank Romania on Monday revised upward its forecast on Romanian economic growth to 1.6% in 2010 from 0.6% initially estimated, mostly supported by the evolution on international markets and by stimulating monetary policies on the local market.

Romania’s Priority Is To Restart Healthy Econ Gwt – Ctrl Bker

12:43, 02 Iul. 2009
The Romanian authorities’ and the central bank’s priority should be restarting healthy economic growth, central bank governor Mugur Isarescu said Thursday.

Romania’s Econ Growth To Remain Negative In Next 2, 3 Q – IMF

13:48, 22 Mai 2009
Romania will continue to register a negative economic growth in the next two-three quarters, recovering at yearend or at the beginning of 2010, Jeffrey Franks, the IMF's mission chief to Romania, stated Friday in Bucharest.

IMF Sees Romania’s GDP Growth At +5% In ’11, On Local Demand

11:12, 05 Mai 2009
The International Monetary Fund sees Romania’s GDP contracting by 4.1% in 2009, stagnating in 2010, before recovering to a 5% growth in 2011, amid increasing domestic demand.

EC Revises Dn Romania’s GDP Growth Forecasts To -4% In ’09, 0% In ’10

13:52, 04 Mai 2009
The European Commission revised downwards its forecast on Romania’s GDP growth, estimating a 4% contraction in 2009, and a stagnation in 2010, compared with its January’s estimates of 1.75% GDP growth in 2009, followed by a below 2.5% growth in 2010.

Romania’s GDP Revised Sharply Dn ’09, ’10 -Prognosis Commission

11:13, 30 Apr. 2009
Romania's gross domestic product is seen contracting by 4% in 2009 and growing a slight 0.1% in 2010, according to the National Prognosis Commission CNP spring estimations.

Romanian 1Q GDP Seen Dn 2.9% – Prognosis Commission

17:00, 31 Mart. 2009
Romanian gross domestic product is seen contracting by 2.9% in 2009’s first quarter to 88.5 billion lei (EUR1=RON4.2348), from RON91.13 billion in the first three months of 2008, according to a document of the National Prognosis Commission CNP obtained by MEDIAFAX.

WB Revises Dn Romania’s 09 GDP Growth Forecast, To 2% At Most

15:00, 20 Feb. 2009
The World Bank revised downwards its estimation on Romania’s economic growth in 2009, from 3.2% to 0%-2%, as prospects for growth in the region continue to deteriorate, according to World Bank economist Erika Jorgensen.

Romania’s 1Q GDP Growth Seen Below 1% – Fin Min

12:26, 13 Feb. 2009
Romania’s economic growth will be below 1% in the first quarter of 2009, the country’s Finance Minister Gheorghe Pogea said Friday.

Ctrl Bk Head Sees Romania’s Econ Growth At 3%-6% In ‘09

19:41, 28 Nov. 2008
Romania's economic growth in 2009 is seen between 3% and 6%, and the economic situation will depend on the diagnosis accuracy and the policies mix, central bank’s governor Mugur Isarescu said Friday.

Romanian Econ Growth Seen At 4%- 6% In ‘09 –PM

10:23, 21 Oct. 2008
Romanian economic growth is seen at 4% to 6% in 2009, provided that wages stay at an economically sustainable level, Prime Minister Calin Tariceanu said Monday, pointing to the talks with Government economic analysts on the international financial crisis.