growth

IMF: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments

Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, IMF mission chief Jeffrey Franks said Saturday.

Romanian Organic Food Market Seen Up 20% This Year From EUR45-50M In 2010

Romania's organic farming product market could grow this year by 20%, from EUR45-50 million in 2010, thanks to higher demand, said Marian Cioceanu, head of the "Bio Romania" association of organic farmers.

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.

Romania’s 2011 Draft Budget Eyes 2% Econ Growth, 4.4% Deficit

Romania’s next year draft budget, discussed with the International Monetary Fund, stipulates a 1.5-2% economic growth and a budget deficit of 4.4% of the gross domestic product, Finance Minister Sebastian Vladescu said Monday.

Romania Revised GDP Data Show Mild Quarterly Growth In 3Q/09

Romania’s gross domestic product grew modestly in the third quarter of 2009 compared with a quarter earlier, putting a temporary stop to the country’s economic decline, according to revised data from the statistics institute INS.

Microsoft Romania Plans “Aggressive Growth” For ’10

The growth seen by the Romanian IT segment this year will be ten times the growth of the country's gross domestic product, estimated this year at 1%, Microsoft Romania general manager Calin Tatomir said Monday.

ING Bank Romania Eyes 10% Revenue Growth In 2010

ING Bank Romania expects a 5% to 10% revenue growth in 2010, fueled by higher lending, general manager Misu Negritoiu said Thursday.

Erste Sees Romanian Bourse Soaring In 2010 On Lower Risk Aversion

Romania will lead the way for stock market growth among Central and Eastern European nations in 2010, on further reduction in risk aversion, according to a report from Erste Bank.

Romanian Govt Upgrades ’10 GDP Growth To 1.3%

Romania’s draft budget envisages an economic growth of 1.3% in 2010, up from 0.5% previously estimated, interim Finance Minister Gheorghe Pogea said Wednesday.

Romanian Wages Growing By 20-25% Not Feasible – Romanian IMF Representative

Salary and pension raises in Romania will continue to be tied to the economy’s evolution, but 20-25% increases, like in 2006 and 2007, are not feasible, according to Mihai Tanasescu, Romania’s representative to the International Monetary Fund.

Romania To Resume Growth With 1-Yr Delay – Ctrl Bkr

The great financial meltdown has hit Romania with a delay of one year, one year and a half and so the country is bound to experience a lag in recovery of eight to 12 months compared with the more developed economies, a central bank official said Wednesday.

Romania’s Population On Upward Trend In July ’09, First Growth In Last 6 Mos – INS

Romania’s population increased in July 2009, for the first time over the past six months, on the backdrop of a positive growth rate, the National Institute of Statistics, or INS, said Tuesday.

Romania To Resume Econ Growth In 2010 – Pres

Romanian President Traian Basescu on Saturday said on private television ProTV that the country will resume the economic growth as of 2010 and sees no perspective on stopping the negative economic growth of the gross domestic product.

Romanian Salaries To Grow By At Most 10% In ’09

The growth pace for salaries in the Romanian private sector will slow down next year by at most 10%, due to reductions in human resources budgets and delays in recruitment, while the number of benefits will be reduced, as benefits will be selected depending on staff needs and performance.

Romania Will Not Be Hit Hard By The U.S. Financial Crisis – Romanian Pres

Romanian president Traian Basescu said Thursday on national radio station RRA that Romania will withstand any drastic blows dealt by the financial crisis in the USA, because the local market does not include, with one exception, any American bank branches.

Romania’s Econ Growth Might Slow Down In ‘09 – PM

In the second half of the year, Romania will probably register 10% economic growth, but the growth of the GDP could slow down next year to a level below the 2008 results, said Prime Minister Calin Tariceanu in a national television talk show, regarding the effects of the U.S. financial crisis.

Romanian Govt Sees 8.5-9.1% Econ Growth In ’08 Vs 6% In ‘07

The Romanian Government said Wednesday this year’s economy is expected to grow by 8.5-9 percentage points, compared with a gross domestic product growth of 6% the year before.

Romania’s Econ Growth Seen Slowing Over Next Sixth Months – Report

Romania’s economic growth will slow down significantly over the next six months, and inflation is seen lowering in the third quarter of the year, according to analysts polled by the CESifo Institute of the University in Munich.

Romania’s Economy Seen Growing 7% In 1Q – FinMin

Romania’s economic growth is expected to stand at 7% in the first quarter of 2008, compared with a 6% growth in the first quarter last year, Romanian Finance Minister Varujan Vosganian said Tuesday in a press conference.

IMF Sees Romania’s GDP Growth Slowing To 4.7% In 09

Romania’s economic growth is seen slowing to 4.7% in 2009 and possibly to harsher levels, on likely spillovers from global financial market turmoil, the International Monetary Fund said Tuesday.

Romanian 3Q GDP +5.7% On Yr Vs +8.3% In 3Q 2006

Romanian third-quarter gross domestic product growth slowed to 5.7% on the year in real terms, compared with 8.3% in the corresponding period last year, the National Institute for Statistics, or INS, said Friday.