economy

In a first move, banks in Romania have launched today an awareness-raising campaign #DreptulLaBanking (RightToBanking), aiming to improve the dialogue with the general public about the banks’ role as facilitators of growth and prosperity…

Central Europe’s private equity (PE) markets may be slowing down, according to the latest Deloitte Central Europe Private Equity Confidence Survey, as nearly half of respondents (46%) expect the economy to worsen over the coming months.…

The government’s planned deficit of 3.6% of GDP for 2020 remains expansionary despite minor adjustments. Pension reforms and a return to fiscal prudence are keys for preventing a further deterioration in Romania’s creditworthiness, says…

The United States will not lift the visa regime for Romanians too soon, said the U.S. Ambassador in Bucharest, Adrian Zuckerman in an interview to "Ziarul de Iasi", arguing that the rejection rate of visas required by the Romanians is…

After the strong expansion in recent years, growth is projected to slow to 3.2% in 2020 and then increase to 3.7% in 2021, says the latest OECD economic outlook on Romania. While wages will return to single-digit growth, private consumption…

Governor of the Romanian National Bank (BNR), Mugur Isarescu has told the annual conference on the Competition Environment and Competitiveness in key sectors of the Romanian economy organised by the Competition Council and the Chamber of…

The new minister of Finance Florin Cîţu has announced on Thursday that the situation of the country's budget and economy exceeds the most pessimistic expectations, accusing that the economy has been led on two budgets in the past 3 years,…

The National Bank of Romania (BNR) has presented the new quarterly Inflation Report in a press conference today, 8 November, deciding to decrease the inflation forecast for the end of this year to 3.8%, while forecasting a 3.1% inflation…

The former Government left a budgetary deficit of RON 29 billion, said President Klaus Iohannis at the National Top of Companies Gala, organised by the Romanian Chamber of Commerce and Industry on Friday, while emphasizing on the need for…

In 8 EU Member States, "Industry" came first, whilst it accounted for at least a quarter of gross value added generated in these EU Member States, reads the latest Eurostat on Output of economic activities. Industry has the highest share…