According to the Finance Ministry, in April, Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million). Meanwhile, the budget deficit for the first four months of 2011 narrowed … [Read more...]
Romania’s Inflation To Drop In December By 3.6 % – Moody’s
May 4, 2011 By Leave a Comment
For the fifth consecutive year, Romania will miss its inflation target this year as well. According to the central bank, the annual inflation rate would be higher than forecasted. The deepening deficit … [Read more...]
IMF: Economy Should Advance In 2011 And 2012 by 1.5% and 4.4%
April 13, 2011 By Leave a Comment
According to financial institution estimates, by the end of the year, the inflation will reach 4 %. According to the International Monetary Fund’s (IMF) World Economic Outlook (WEO) - the April 2011 … [Read more...]
January Exports: 3.4bn Euros
March 15, 2011 By Leave a Comment
According to data from the National Statistics Institute (INS), Romania's trade deficit fell 60% in January against the first month of last year. Figures registered stood at 186.2 million euros, as a result … [Read more...]
Campaigners Battle For Historic Bucharest Buildings
March 14, 2011 By Leave a Comment
Activists trying to save historic buildings in Bucharest from being bulldozed in a road project massed outside the Culture Ministry and handed in a petition on Wednesday to demand their preservation. More … [Read more...]
Banks Slash Interest, Resume Competition For Consumer Loans In EUR
March 4, 2011 By Leave a Comment
Banks resumed the competition for consumer loans in EUR aimed at the population. According to data released by BNR, banks slashed annual effective interests (DAE) for this type of credits by 1.88 % in … [Read more...]
Survey: Bucharest Inhabitants Richer Than The Rest Of The Romanians
February 28, 2011 By Leave a Comment
The data gathered by Eurostat shows that Bucharest inhabitants have a three times higher average GDP per capita and purchasing power than the rest of the inhabitants. The report was published on 24 February … [Read more...]
Petrom Posted 520 Million Euros Profit
February 25, 2011 By Leave a Comment
In the second year of recession the biggest company in Romania posted a 2.5 times higher net profit than in 2009. And it is all thanks to fuel becoming more expensive, although fuel demand fell 5%. OMV … [Read more...]
Rompetrol: Hike In Gasoline And Diesel Prices
February 18, 2011 By Leave a Comment
On Wednesday, Rompetrol Downstream increased the price of gasoline by 2 ban / liter and that of diesel by 7 ban / liter. Thus, Efix 95 and Alto 101 gasoline costs 5.07 lei / liter, and 5.74 lei / liter, … [Read more...]
Romania Will Guarantee Loans For Building Façade Repairs
February 17, 2011 By Leave a Comment
According to a draft act drawn up by the Tourism and Regional Development Ministry, the Romanian state will subsidize the interest and guarantee the loans taken out by homeowners for building façade repairs. … [Read more...]
