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Articles - economic crisis

Romania’s economy accelerates growth in third quarter

Romania’s Gross Domestic Products (GDP) increased by 1.9% in the third quarter of 2014, compared to the previous quarter (Q2), according to data released by the national Statistics Institute (INS) on Friday, November 14.

European Commission slashes 2014 economic growth outlook for Romania to 2 pct

The European Commission performed a massive revision to its forecast on Romania’s economic growth in 2014, reducing it from 2.5 percent (spring estimate) to 2 percent of GDP, writes Mediafax.

Romania has best macroeconomic situation in Central Europe

Romania’s macro-economic situation is the best in Central Europe, and our country has met 10 out of 11 convergence EU criteria, on Thursday said the central bank (BNR)’s chief-economist Valentin Lazea, in a business forum.

S&P confirms Romania’s ratings with stable outlook

Standard & Poor’s Ratings Services on Friday affirmed its long and short-term foreign and local currency sovereign credit ratings on Romania at ‘BBB/A-3′, while the outlook is stable. Romania’s current rating is on par with Russia, Brazil and India, S&P said in a statement.

INS confirms technical recession, though Q2 performance is slightly better

The decline of Romania’s gross domestic product in the second quarter was slightly smaller than expected, revised data from the country’s statistics institute INS showed Wednesday.

IMF lowers forecast for Romania’s economic growth

The International Monetary Fund reduced its estimate regarding Romania’s economic growth in 2014 from 2.8 percent (June forecast) to 2.4 percent, according to the World Economic Outlook report published on Tuesday, writes Mediafax.

Romania, safer than Hungary and Bulgaria according to Standard&Poor’s study

Market implied risk has fallen considerably in the last three years and as a result Romania is a much safer economy than other European countries such as Hungary, Bulgaria and Portugal, Standard& Poor’s “Global Sovereign Debt, A market Driven Perspective” report shows.

Trust index for Romania’s economy declines in September

Trust in Romania’s economy dropped in September, reflecting the negative perception for the economy in the Euro zone and in the European Union.

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