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EBRD revises downwards Romania’s economic growth forecast to 3.2%

One day after the release, by the European Commission, of the economic growth forecast for Romania, revising it downwards to 3.3% of GDP, down from the forecast in January (3.8%), the European Bank for Reconstruction and Development (EBRD) has announced ...

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Prognosis Commission’s forecast for 2019: GDP of RON 1,000bn, real growth of 5.5%, average RON/EUR exchange rate of 4.67

The new economic forecast from the National Prognosis Commission (CNP) for 2019, released on Wednesday, points to an investment growth of 6.9%, down from 7.9% previously. A lower number of employees is considered, of 5.282 million, down from 5.335 million ...

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Economy up by 4pc in H1

The GDP increased in H1 2018 by 4% as gross series against H1 2017 and by 4.2% as seasonally adjusted series, the National Statistics Institute (INS) informs. In Q2 2018 the GDP grew by 1.4% against the previous quarter. As ...

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Vaslui, Teleorman and Mehedinti – poorest counties. Without social aid, half the country would face poverty risk

European and national figures prove that, during the past years, no big steps to eradicate poverty have been made. The latest available figures are from 2017 and refer to 2016, proving that, without the state’s social aid, half of the ...

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Government wants suspension of Pension II Pillar contributions during July-December. Labour minister: It is the proposal of the Prognosis Commission

According to the 2018 legislative programme of the Government revealed on Sunday in the mass media, a top legislative priority of the Dancila Cabinet is ”a draft law on regulating the private managed mandatory funds (the so called Pension II ...

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Economy up by 4pc yoy in Q1. Romania wants to reach 70pc of the euro region’s average GDP per capita by 2020

Romanian economy grew by 4%, as gross series, in the first quarter and by 4.2%, as seasonally adjusted series, against the similar period last year, estimates released by the National Statistics Institute (INS) inform. The GDP in Q1 2018 was, ...

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GDP of RON 907.9bn, economic growth of 5.5pc in 2018

The National Prognosis Commission (CNP) has released the forecasts for 2017-2021 and the estimates for the 2018 state budget reveal that the GDP will reach next year the level of RON 907.9 billion and the economy will register 5.5% growth. ...

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