Articole cu tag-ul: economy, România, Romanian economy

General

Romania’s economy drops 0.5% y/y in Q2, statistics show

In gross series, the GDP stood at 114.7 billion lei in the second quarter, 0.5 percent down in real terms compared to the similar interval in 2009. According to INS, the industry was the branch that recorded the biggest increase of the volume of activity, of 5.9 percent. Smaller increases were reported in agriculture and ...

Piețe Financiare

Hilton anunţă o extindere agresivă în provincie

Hotelul, care cel mai probabil va fi clasificat la trei stele, va fi deschis în Braşov, la jumătatea lui 2011, şi va intra în competiţie cu lanţurile Ibis şi Express by Holiday Inn”, a declarat Mike Collini, vicepreşedintele de dezvoltare pentru Europa de Nord al grupului. Hotelul Hampton din Braşov va fi al treilea hotel ...

General

Basescu would cut taxes as soon as the economy bounces back

A cut in taxes as of 2011 would have an anti-cyclical nature, given that the economy is expected to resume growth by that time. “I believe that the macroeconomic policy mix is rather balanced, and that there is no room left for improvement here. In essence, the state must intervene only anti-cyclically, because the market ...

General

Confidence in Romania’s economy froze in October

At the European level, the biggest leap was registered by the confidence of the business environment in industry. The Cypriots, Slovenians, and Romanians have the lowest level of confidence in their economy. The indicator of confidence in services fell two points, while that in consumption stagnated. The confidence in industry rose one point, that in ...

General

End October set for EC review of Romania’s economy

“For this second review to be successful, it is necessary that the risk of fiscal slippage at the end of 2009 be eliminated and the budget for 2010 be adopted, based on a budget deficit of up to 5.9 percent of GDP. Moreover, it is essential to reach an agreement regarding fiscal, macroeconomic, and structural ...

General

PM designate Lucian Croitoru on the economy

Croitoru has 10 days to form a Cabinet and gain parliamentary majority. The current parliamentary majority, which includes the National Liberal Party (PNL), the Social Democratic Party (PSD), and the Democratic Union of Hungarians in Romania (UDMR), that had proposed Klaus Johannis, Mayor of Sibiu for the position of Prime Minister, indicated it will not ...

General

Private Government: Only a government of experts can relaunch the economy

Business leaders, who participated in the Private Government project, also agree with the “technocrat” options proposed by the local political parties, Klaus Johannis, Mayor of Sibiu, and Lucian Croitoru, Advisor to BNR’s Governor, adding that a technocrat government is the correct solution, better than a political one. Regardless of who becomes Prime Minister, business leaders ...

General

Economic effects of the resignation of PSD ministers

The leu plunged suddenly and the stock exchange dropped on all segments. These are the immediate effects of the exit of the Social Democratic Party from the government. Long-term effects could follow, such as less confidence in the Romanian economy, a potential rise in credit default swap (CDS), a possible delay in the eurobond issue ...