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News in Economy
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Romanian consumer prices rose 0.52% on the month last month, matching October figures, while the annual inflation eased slightly to 7.7%, the country’s statistics institute INS said Friday. read more...

Analysts anticipate a slight return to economic growth next year, after two years of recession, with the estimated GDP rise ranging between 0.2% and 2%. However, even if Romania leaves recession behind next year, the tentative economic growth will not be felt in the standard of living. read more...

Romania’s Government plans to build 400 daycare centers throughout the country next year, mostly in urban areas, Development Minister Elena Udrea said after the Cabinet meeting late Wednesday. read more...

Romanian President Traian Basescu said on public television late Wednesday he is optimistic about the country’s economic outlook adding Romania has avoided derailments and is on its way to recovery. read more...

Industrial production, one of the leading indicators in the economy, continued to rise in October, but slowed down its pace to 2%. read more...

Bucharest dropped to the 73rd position, from 29th in a most efficient capital cities top, based on economic performances, a Brookings Institution and London School of Economics top reads, quoted by Romanian news agency Mediafax. read more...

Romanian net investments fell 14.2% to 14.13 billion lei (EUR1=RON4.2923) in the third quarter compared with the year-earlier period, largely due to a slowdown in construction, the country’s statistics institute INS said Friday. read more...

The major decline of agriculture, which took most analysts by surprise, and the continued decline of constructions and of trade dragged the economy down in the third quarter, deepening the decline to 2.5% compared with the similar period of last year. read more...

The only investors showing interest in Romania currently are hedge funds and companies of small economies, as the sovereign rating assigned by two of the three largest international agencies is in the "speculative grade" category, says Magdalena Manea, corporate vice-president with RBS Romania. read more...

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