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News in Economy
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The industrial output in the Eurozone has increased above expectations in October, after dropping for two months in a row, which could mean that the expansion in the region may have accelerated towards the end of the year, according to Eurostat. read more...


Germany's trade with the rest of the world has slowed down in October, as its exports and imports fell compared to September, due to the difficulties on the emerging markets, especially in China, Brazil and Russia. read more...


The Organization for Cooperation and Economic Development (OCDE) has worsened its estimates concerning the growth of the world's economy, for the second time in the last three months, as the slowdown of the emerging markets is affecting other countries as well, such as Germany and Japan. read more...


Since no investor has emerged in recent years, Oltchim plans to expand its activities with new business lines such as growing plants or retail. read more...


Economist Cristian Socol, adviser to Prime Minister Victor Ponta, believes that Romania recorded some important economic achievements in the past year, signals from the real economy of the country being positive, which proves that the mixture of fiscal, budgetary and monetary policies will do good in the future for the country. read more...


Yildirim Holding Turkish company is interested in participating in the privatisation process of Oltchim Ramnicu Valcea petrochemical plant and in the process of investment drawing in Cupru Min Abrud, shows an Economy Ministry release. read more...


Romania’s economic growth in H1 is higher than the projection in the Agreement with the International Monetary Fund, but we must keep this trend for longer for it to translate in incomes and the living standard, Premier Victor Ponta said in the opening of the weekly government meeting. read more...


The receivers of Oltchim, which has been declared insolvent on January 30th, have succeeded in securing the much sought after financing, intended to set the foundation for increasing output to a profitable level. read more...


Romania’s Gross Domestic Product (GDP) increased by 0.5 percentage points in real terms in Q 1, 2013 from Q 4, 2012, according to the first seasonally adjusted estimates of the National Statistics Institute ()INS) released on Wednesday. read more...


The National State Assets Management Authority (AAAS) plans to put up for sale this year minority stakes in 81 companies and counts on revenues worth RON 240-250 million, given that the first four companies that were successfully sold funneled approximately RON 400,000 to the budget. (1 euro trades for RON 4.33) read more...




Romania must do its best to ensure its economic growth and macroeconomic consolidation and the most important source it has at hand is the European money, said President Traian Basescu at the end of the spring European Council on Friday. read more...


Romania’s National Bank (BNR) has the same economic growth assessment like that by the International Monetary Fund, BNR governor Mugur Isarescu told a news conference. read more...


The priority for the Romanian economy is represented by the reforms in the state-owned companies, in the fiscal revenues collection, in the public expenditure management, in education and in health, according to ‘The Governance Programme 2013-1016,’ remitted on Thursday. read more...


Romania has a strategy of re-industrialization, and this Government’s priority areas are energy, machine constructions, but also food industry, Minister of Economy and Business Environment Business Daniel Chitoiu said in an interview. read more...


The prosecutors with the Directorate for the Investigation of Organised Crime and Terrorism are probing into a criminal group made up of Russian and Romanian citizens, after a Russian citizen was caught at Bucharest’s International Henri Coanda (Otopeni) Airport on Oct. 19 while attempting to leave Romania by carrying documents and geological maps issued by the Romanian state authorities. read more...


PM Victor Ponta welcomed a delegation of the Association of Turkish Businessmen in Romania on Tuesday at Victoria Palace, businessmen who voiced their desire to consolidate their presence on the Romanian market and who were given assurances that the Government in Bucharest will support their activity, reads a release of the Government press office. read more...


Romania’s estimated H1 2012 Gross Domestic Product (GDP) is put at RON 248.592 billion current prices (nearly 55.3164 billion euros), up 0.8 percent in real terms from H1 2011, according to data released by the National Statistics Institute (INS). read more...


The Romanian economy expanded 0.5 percent in the second quarter of this year as compared to the three months to March, while when compared to April-June of 2011 it advanced 1.2 percent by gross series and 1.7 percent by seasonally adjusted series, show early estimates released by the National Institute for Statistics on Tuesday. read more...


The government will decide the desecretization of the exploitation license for Roşia Montană based on a written request of the National Agency for Mineral Resources (ANRM), but the investors must also give their agreement, the minister of the Economy, Daniel Chiţoiu said yesterday, after the meeting of the Government. read more...


Romania has exported 1.448 million tons of wheat and corn in the first 4 months of 2012, twice as much as the amount exported in the similar period of 2011, according to data the Ministry of Agriculture and Rural Development (MADR) . read more...



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