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Articles - economy

S&P: Romania's outlook stable, no change of ratings expected next 12 months

The Standard&Poor's (S&P) financial evaluation agency has currently a stable perspective for Romania and expects no change in the next 12 months in the country's ratings, Aarti Sakhuja, a credit analyst with the agency told Agerpres in an interview.

Financial Times sees growing risks in Romania

Political conflicts, corruption, disagreements with the International Monetary Fund and the fiscal policy easing in Romania are not the ingredients of a performing emerging market, writes the Financial Times.

FIC supports the new Fiscal Code while considering its sustainability of utmost importance

The Foreign Investors Council (FIC) supports the new Fiscal Code approved by the Romanian Parliament. Many of the provisions in the new Code represent a step forward towards modernizing and clarifying the Romanian fiscal framework.

Over 57% of SMEs in Romania expect the economy this year to follow a similar trend to 2014

Over 57 percent of the Romanian small and medium-sized enterprises (SME) expect the economy this year to follow a similar trend to 2014, with 28.37 percent of SME owners anticipating a downward trend and only 14.52 percent seeing a positive trend.

Romania’s inflation negative for first time in 25 years

Romania’s inflation rate has registered a value of -1.6 percent in June 2015, according to the National Institute of Statistics (INS). This is the first time since 1989 that negative values are recorded for the inflation rate.

Moody's: Average growth rate of around 3pct in the next few years for Romania

Moody's Investors Service expects improved competitiveness, reduced domestic macro-economic imbalances, and an ongoing recovery in employment and domestic consumption will result in an average growth rate of around 3 per cent in the next few years for Romania.

Standard & Poor’s might downgrade Romania’s rating

Rating agency Standard and Poor’s has warned that it might downgrade the ratings of several countries, including Romania, if the economic problems in Greece affect these countries’ banking systems.

Romania's Fiscal Code and Fiscal Procedure Code pass Chamber of Deputies vote

The new Fiscal Code and Fiscal Procedure Code passed the Chamber of Deputies on Wednesday with 309 votes for, two votes against and one abstention, according to Mediafax newswire.

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