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Articles - economic crisis

Oxford Analytica: Improving fundamentals may attract investorsFriday, March 21, 2014

Romania's year-on-year inflation rate held steady at 1.3% in February, Eurostat announced yesterday. This is higher than the EU average, but represents a marked improvement for Romania, which is also experiencing a buoyant and increasingly domestically driven recovery, in the fourth quarter of 2013 achieving the fastest year-on-year growth rate in the EU, shows an analysis made by the consulting and global analyses company Oxford Analytica.

Foreign investments up 8 pct in January

Romanian foreign direct investment, or FDI, rose 8% on the year to 244 million euro in January, the central bank (BNR) said Monday.

Fitch affirms Romania At BBB-, with stable outlook

Fitch Ratings Friday affirmed Romania’s long-term foreign and local currency ratings at ‘BBB-’ and ‘BBB’, respectively, citing the country’s strong economic growth and its resilience to recent external imbalances.

EC improves its forecasts for Romania and the Eurozone

The European Union upgraded its economic forecasts Tuesday, betting that a modest recovery is now sustainable as member states push ahead with reforms.

Financial managers more willing to restructure than invest

Financial directors of Romanian companies are focusing on business growth and lowering expenses, which means they are more willing to restructure their business than invest, according to a Deloitte poll.

In 2014, Romania will meet all criteria for Euro Zone; EURO target – 2019

“In 2014, Romania will meet all the criteria for entering the Euro Zone – inflation rate, interest rate for bonds, exchange rate stability, budget deficit below 3 percent of GDP, and public debt below 60 percent of GDP. We are on target where increasing real convergence is concerned. Our EURO target is 2019,” a Government report on ‘Economic Results in 2013 – Targets for 2014-2015,’ presented by Prime Minister Victor Ponta Friday shows.

Romania GDP expands at the fastest rate in EU

The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday, quoted by Mediafax.

Romanian economy has made ‘remarkable’ progress since 2000, says PwC

Economies of CEE-based countries such as Romania and Poland have developed extensively since 2000, while advanced economies have generally fallen back since the start of the crisis, says new research by the professional services firm PwC.

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