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Articles - economic crisis

Romania registers in April highest annual inflation rate in EU: 1.6 percent

Romania and Austria had the highest annual inflation rate in the European Union (1.6 percent) in April 2014, twice as much as the one of EU 28, where prices saw a 0.8 percent annual growth, according to the data published on Thursday by the European office of statistics (Eurostat).

Romania had the biggest economic growth in EU in Q1 2014

Romania’s gross domestic product (GDP) grew by 3.8 percent in the first quarter of 2014 from the similar span of time of last year. This is the largest annual advance registered by a European Union (EU) member state, according to some preliminary estimates published on Thursday by the European office of statistics (Eurostat).

Standard & Poor’s Upgrades Romania to Investment Grade After Six Years

Standard & Poor’s upgraded Romania to investment grade for the first time since 2008 as the economy grows and the government maintains fiscal rigor.

EBRD improves estimates regarding Romania’s economy

EBRD is slightly more optimistic about Romania’s economic performance in 2014, upping its estimate from 2.4 percent (issued in January) to 2.6 percent. The financial institution warns against the negative effects of a high rate of bad loans and fallout from the Ukrainian crisis.

Annual inflation rate at 1.21 pct in April 2014

Consumer prices advanced 0.27 percent in April 2014 when compared to the previous month, while when compared to April 2013, consumer prices have gone up by 1.21 percent, according to data released on Monday by the National Institute for Statistics (INS).

Budget minister: The crisis is over! Loan, invest, spend, consume. Romania has recovered

Liviu Voinea, the delegate minister for the Budget, encourages the population and companies to sign up for loans in order to consume and invest more, given that Romania’s economy has recovered from the crisis. The government is expecting a higher GDP growth then the 3.5 percent we recorded in 2013, according to Mediafax.

Liviu Tudor: The investors will influence Romania to develop like Poland

Liviu Tudor, the biggest Romanian owner of office spaces believes that Romania will have the same development as Poland and that new multinational companies will relocate their businesses here.

EC improves its economic prognosis for Romania

The European Commission has improved its prognosis for Romania’s economic growth in the following two years. The EC anticipates that the economy will slow down after an excellent 2013 for agriculture, but it will maintain is upward momentum based on investments.

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