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News in Economy
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Businessman Ion Ţiriac, probably the wealthiest Romanian, is quite reserved with regard to the firm statement that the Romanian economy will exit the crisis at the end of the first quarter. He believes 2011 will be just like 2010 and we'll leave the crisis behind in 2012. read more...


The return to growth of agriculture in the last quarter of the year alongside the continued rise of industry helped the economy return to positive territory, as show detailed data of the 2010 GDP announced by the National Statistics Institute (INS). read more...


The Romanian economy shrank more than previously thought in 2010, largely due to declines in the constructions, retail and services sectors, revised figures showed Thursday. read more...


Small and medium-sized enterprises, which last year were hit the hardest amid a collapse of their business, are now beginning to recover, with their financial situations sometimes looking better than those of big companies, says Laszlo Diosi, the head of OTP Bank, the local subsidiary of the biggest Hungarian financial group. read more...


Romanian economic outlook for the next six months improved slightly in February, after a decline of nearly 11 points a month earlier, a ZEW/Erste survey showed Tuesday. read more...


Most Romanians (80%) think that the anti-crisis measures taken by the Government were ineffective, according to a Eurobarometer survey published on Tuesday. read more...


Almost half of Romanians (46%) are pleased with their lives although only 4% of them consider the national economy works well and only 14% expect the economy to improve this year, according to an Eurobarometer study published on Tuesday, quoted by Romanian news agency Mediafax. read more...


Almost half of Romanians are satisfied with their lives, only 4% consider that the country’s economic situation is good and 14% of them expect the economy will recover in 2011, according to a Eurobarometer survey published on Tuesday. read more...


Estimations show the Romanian GDP dropped by 1.2% in 2010 as compared to 2009, less than the 1.8% drop expected by EFG Eurobank and other entities on the market, while on seasonally adjusted data the GDP grew by 0.1% in Q4. read more...


Romanian economy is on its way to wake up from over two years of “hibernation” in 2011, aided by growing exports, good reforms and a vital bailout program led by the International Monetary Fund and the EU, according to a report from JP Morgan Chase Bank. read more...




Six Romanian administrative regions, making up the entire country except the area around the capital, rank among the poorest regions in the European Union, according to Eurostat. read more...


Entrepreneurs, company managers and bankers who see stimulating consumer spending as a solution to bring the economy out of the crisis had a "bad idea", says Mugur Isărescu, governor of the NBR (National Bank of Romania). read more...


The Romanian Government has initiated procedures for the privatization of Oltcim SA Ramnicu Valcea chemical company, the Economy Ministry announced on Tuesday. It showed that according to a draft letter of intention agreed by the Romanian Government with the IMF, World Bank and the European Commission, the Oltchim privatization is due to be launched in the first half of 2012. read more...


Romania will officially come out of recession at the end of the first quarter of 2011, Prime Minister Emil Boc said Friday evening. read more...


Financial analysts have improved in February their outlook on Romania’s economic evolution over the next six months, as Romania ranks fourth in Central and Eastern Europe (CEE) as far as outlook is concerned, according to a ZEW survey. read more...


Analysts believe there are few chances that the economy will perform better in the first quarter against the last three months of last year, with a modest growth being possible as a result of the robust export growth, the reversal of public sector salary cuts and the slight growth in the consumer spending in the first quarter. read more...


Romanian Prime Minister Emil Boc said Thursday that Romania might emerge from recession by the end of March, having posted 0.1% growth in the GDP in the fourth quarter of 2010. read more...


Romanian analysts are planning to improve their economic growth forecasts this year, after above-expectations data have been announced as regards the economic progression in 2010. read more...


Romania’s economy will marginally grow this year by 0.1% Oxford Economics estimates read, quoted by Romanian news agency Mediafax, revising thus previous estimates which saw a 1% contraction. The institution reveals however that the main economic growth factor, exports, is in the same time vulnerability if EU demand decreases. read more...


Romania’s GDP in the fourth quarter for 2010 was in real terms, higher than 0.1% than in the third quarter in 2010. Compared to the last quarter in 2009, the GDP registered a 0.6% decrease on gross series and by 0.5% on adjusted series. read more...



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