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Articles - economy

Romania posts second largest economic growth in EU in 2015

Measuring a 3.8 percent increase in GDP in the last quarter of 2015 as compared to the same quarter of the previous year, Romania saw the second largest economic growth across the EU bloc, according to data released by Eurostat, the statistical office of the European Union.

Romania’s economy grows by 3.7% in 2015

Romania’s gross domestic product (GDP) increased by 3.7% in 2015 compared to 2014, according to the first estimates released on Friday by the National Statistics Institute (INS). This is the highest growth rate for the local economy after 2008.

Romania’s economic growth could reach a peak this year

Romania’s economic growth could reach a high of 4.2% this year, according to the European Commission’s winter economic forecasts.

Finance Minister: Romania can be the investors’ new darling

Romania’s Finance Minister Anca Dragu believes that Romania can become one of the foreign investors’ favorite destinations in Eastern Europe, as the political changes in Poland have eroded the investors’ confidence in this country, until recently the region’s top performer.

Fitch Affirms Romania at 'BBB-', Outlook Stable

Fitch Ratings has affirmed Romania's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' and 'BBB', respectively, Reuters reports quoting the Fitch statement. The Outlooks are Stable. The issue ratings on Romania's senior unsecured foreign and local currency bonds have been affirmed at 'BBB-'and 'BBB', respectively. The Country Ceiling has been affirmed at 'BBB+' and the Short-term foreign currency IDR at 'F3'.

2015, first year with negative inflation in Romania

Consumer prices went down in December 2015 compared to December 2014, bringing the annual inflation in Romania to minus 0.9 percent, another post-Communism record following the plus 0.83 pct in 2014, the National Institute of Statistics informed in a release on Wednesday.

Konieczny (FP): Romania’s attractiveness for foreign investor will have to be fed by fiscal relaxation measures

Romania’s attractiveness for foreign investors should be fed by measures of fiscal relaxation such as VAT reduction to 20% as of 2016, followed y a drop to 19% next year, reductions of the income tax on dividends from 16% to 5% and the elimination of the tax on special constructions as of 2017, says Greg Konieczny, the manager of Property Fund, in a press release.

The Economist: Romania to record the highest growth rate in Europe

Romania’s GDP will grow by 3.9% this year, recording the highest growth rate among European countries, according to the British business magazine The Economist.

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