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Articles - economy

Isarescu: political tension will affect the economic growth

The political tension will affect the economic growth, as it has an impact on the financial stability, the Governor of the National Bank of Romania (BNR), Mugur Isarescu, stated on Thursday in a press conference.

The Economist: Romania’s economic growth will slow down to 3.6%

Romania could record an economic growth of 3.6% this year, down from 5% in 2016, and a deficit of 3.3%, said Maximilien Lambertson, an analyst at The Economist Intelligence Unit (EIU), reports local Agerpres.

INS revises Romania’s economic growth in 2015 from 3.8 pct to 3.9 pct of GDP

Romania’s economy went up by 3.9 percent of GDP in 2015, over the previous estimations, that indicated an increase of 3.8 percent due to a strong increase in the consumption, stimulated by the TVA reduction to food, according to new semi-defined data published by the National Institute of Statistics (INS). Although it increased the growth rate, INS made a downward revision on the GDP value, taking into account that the deflator has strongly decreased.

Romania remains fastest-growing economy in EU despite slowdown

Romania recorded an economic growth of 4.6% (adjusted for seasonality) in the third quarter of this year compared with the same period in 2015. It was the highest growth rate in the European Union, according to an estimate released yesterday by the EU’s statistical office Eurostat.

Romania posts highest economic growth from EU on nine months, says government

Romania has this year the highest economic growth from the European Union, of 5.2 percent of GDP in the first semester and 4.9 percent of GDP in the first nine months, says the government.

Romania has registered the biggest economic growth in EU in Q2

Romania has registered the biggest economic growth out of the 28 member states of the European Union in the second quarter of the year, with a GDP increase of 1.5 percent, according to an estimation of the European Statistics Agency Eurostat.

Romania’s post-crisis economic growth reaches record of 6 pct in Q2

The economy grew by 5.2 percent on gross series and by 5 percent on series adjusted seasonally in the first six months of this year, said on Friday the National Institute of Statistics (INS). In the second quarter, the economic growth was 6 percent on gross series and 5.9 percent on series adjusted seasonally, compared with the same period of 2015. These growth rates haven’t been present after the economic crisis from 2008.

The effects of BREXIT are manageable for Romania

The effects of the British vote to leave the European Union are manageable for Romania, the Ministry of Public Finance asserted in a release on Friday; foreign currency reserves are available, and international borrowing can be postponed until markets stabilize.
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