This year, Romania’s gross domestic product (GDP) growth estimate for 2011 has been modified by analysts of the British institute Oxford Economics from 0.1 % to 1.2 %. The change is due to optimistic … [Read more...]
Romania’s GDP Estimates This Year Improved By Oxford Economics To 1.2%
May 5, 2011 By Leave a Comment
GoldArt Auction House Presents: Aman Water Color On Auction
February 2, 2011 By Leave a Comment
For this Thursday, the GoldArt auction house prepared an auction for Romanian modern art works. The event will take place at the Central University Library’s Galateca Hall and will start at 7 PM. Works … [Read more...]
The State Can Borrow Cheaper
February 1, 2011 By Leave a Comment
Because of the RON flood on the currency market, the state's borrowings in January cheapened considerably. Also, bankers started revising the "lavish" interest rates paid for clients' deposits, which dropped … [Read more...]
Fiscal Deficit At 6.5% Of GDP
February 1, 2011 By Leave a Comment
Yesterday, the RON firmed slightly closing at 4.2640/EUR. It marked a progress of less than 50 pips. According to the Ministry of Finances data, last year's fiscal shortfall stood at 6.5% of projected … [Read more...]
Romania’s Results Following Stand-by Agreement With IMF And EC Are Appreciated
February 1, 2011 By Leave a Comment
Minister of Public Finance Gheorghe Ialomitianu stated on Monday that Romania's results following the Stand-by agreement are very good and appreciated by the International Monetary Fund (IMF) and the European … [Read more...]
Alfredo Mantica, Italian State Secretary: Italy Backs Romania’s Schengen Entry
January 28, 2011 By Leave a Comment
Senator Alfredo Mantica, State Secretary at the Italian Foreign Ministry, said Italy unconditionally backs Romania's Schengen Area entry. Given that Bucharest has met all the technical requirements in … [Read more...]
Colloseum Shopping Center To Open In September
January 28, 2011 By Leave a Comment
This September another shopping center will open in Bucharest. The Colloseum Shopping Center will open with a Carreffour hypermarket. This will be the eight hypermarket in Bucharest and the 24th in … [Read more...]
ANAF: Increase In Petrol Price – Unjustified
January 27, 2011 By Leave a Comment
During 2010, the price of automobile fuels at the pump rose on ungrounded basis, without it being caused by stock market oil quotations, currency exchange rate or state-levied taxes. Also, nearly all the … [Read more...]
Only One In Six Cars Were Sold By A Romanian Last Year
January 27, 2011 By Leave a Comment
The last Romanians to hold companies with several tens or hundreds of millions of euros in turnover on the Romanian auto market are Ion Ţiriac, Gheorghe Dolofan and Michael Schmidt. Last years' business … [Read more...]
IMF: Higher Efficiency Can Lead Romania To Economic Recovery
January 27, 2011 By Leave a Comment
The head of the IMF mission to Romania, Jeffrey Franks, declared yesterday that Romanian economy can start to grow by increasing capital value, as well as by boosting work productivity. Also, an effective … [Read more...]
