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Articles - economic crisis

Fitch: Romania’s moderate financing needs make it less vulnerable to turbulence

Fitch Ratings expects the gross public borrowing requirement (GPBR) of the larger eastern-central European sovereigns of Poland, the Czech Republic,Hungary and Romania to reach EUR78.5bn in 2014 (9.5% of estimated aggregate GDP), down from EUR96bn in 2013 (12.4% of aggregate GDP).

Over 22,000 firms suspend activity in 2013

The total number of the Romanian firms having suspended activity last year dropped by 8.30 per cent from 2012, i.e. from 24,078 firms to 22,079 firms, according to figures centralized by the National Trade Register Office.

S-Immo: We will wait one year or two until a new investment in Romania

Austrian company S Immo, the owner of Sun Plaza mall in Berceni district of Bucharest, will wait one more year or two until making a new investment in Romania, considering the macro-economic situatopn has declared for MEDIAFAX Friedrich Wachernig, a member of S Immo board.

WB: Romania’s economic growth this year same as in 2013

PM Victor Ponta asked the ministers yesterday to set new targets for economic growth for 2014. The minister of Budget, Liviu Voinea said the economic growth of Romania last year was probably “closer” to 3 pc, higher than the government estimation.

Romania, 62nd position in the economic freedom index

The country’s economic freedom of 65.5, is 0.4 point better this year due to small improvements in half of the ten economic freedoms which are measured by the Index of Economic Freedom.

INS revises 0.1 percent down economic growth in first 9 months of 2013

The National Institute of Statistics (INS) revised 0.1 percentage points down, from 2.7 percent to 2.6 percent, the economic growth in the first nine months of 2013, on the seasonally adjusted data, while on the gross series the estimation was maintained at the 2.7 percent level, according to the data the National Institute of Statistics (INS) released on Friday.

PM Ponta: Romania ended 2013 with a budget deficit of 2.5 pc of GDP

Romania ended 2013 with a budget deficit of 2.5 percent of the gross domestic product (GDP) and an economic growth higher than expected, said the Romanian prime-minister Victor Ponta at local TV station Romania TV Monday evening.

Inflation across eurozone dips further below target

This situation is putting pressure on ECB policymakers. Eurostat said inflation across the 17 EU countries that used the euro in December fell to 0.8 percent, as expected.

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