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Romania 3Q GDP Sees 4th Largest Decline In EU

13:55, 13 Nov. 2009

Romania posted the fourth biggest quarterly economic fall in the European Union in July to September, while the EU's gross domestic product inched up 0.2% on the quarter, official data showed Friday.

Romania 3Q GDP -0.7% On Quarter, -7.1% On Year

10:34, 13 Nov. 2009

Romania’s third quarter gross domestic product shrank by a seasonally-adjusted 0.7% compared with the earlier quarter, a flash estimate of the National Statistics Institute, or INS, showed Friday.

IMF Ups Forecast On Romania ‘09 GDP, Sees 7.5%-8% Contraction

14:59, 06 Nov. 2009

The International Monetary Fund upgraded its forecast on Romania’s economic growth this year, expecting now a contraction of 7.5%-8%, from 8%-8.5% previously estimated, IMF mission’s head Jeffrey Franks said Friday.

Fitch Sees Romania’s ’09 GDP -7.5%, Budget Gap At 7% Of GDP

12:28, 29 Oct. 2009

Fitch Ratings forecasts Romania’s economy will fall 7.5% this year, while the budget deficit is seen at 7% of the projected gross domestic product, more optimistic compared with both the IMF and government’s estimations.

Romania’s Transport Min Wants To Construct 90 Km Of Highway, Get 3.5% Of GDP In 2010

14:40, 11 Oct. 2009

Romania's Transport Ministry wants to finish the construction of 90 kilometers of highway next year and asked for 3.5% of the GDP in 2010, Transport Minister Radu Berceanu said in an interview broadcast Sunday on private television ProTV.

Romania 2Q GDP Sees 6th Largest Annual Decline In EU

14:05, 07 Oct. 2009

Romania recorded the sixth biggest quarterly economic fall in the European Union in the April-June period, while the EU's average GDP fell 4.9% year-on-year, according to revised data released Wednesday.

Romania’s Prognosis Comm Revises Dn ‘09 GDP Growth To -7.7%

11:30, 25 Sept. 2009

Romania’s National Prognosis Committee CNP revised down its forecast on the country’s economic growth for 2009 to minus 7.7%, from minus 4% it estimated in spring.

S&P Revises Dn Romania’s GDP, Budget Deficit Forecast

16:12, 01 Sept. 2009

Rating agency Standard&Poor's revised down its predictions on Romania’s economic contraction in 2009, from 5% to 7.6%, and the budget deficit from 6% of the GDP to 6.6% of the GDP, which are nevertheless more optimistic than International Monetary Fund’s latest forecasts on Romania.

Romania 2Q Revised GDP -1.1% QQ, -8.7% YY

12:17, 01 Sept. 2009

Romania’s gross domestic product shrank by a seasonally adjusted 1.1% in the second quarter compared with the previous quarter, amounting to 120.4 billion lei (EUR1=RON4.2231), according to revised data released Tuesday by the National Statistics Institute, or INS.

Romania Jan-Jul Budget Deficit At 3.3% Of GDP

13:23, 27 Aug. 2009

Romania’s consolidated budget deficit rose to 17.58 billion lei (EUR1-RON4.2178) in January-July, amounting to 3.3% of the gross domestic product, the Finance Ministry showed Thursday.

Romania 2Q GDP -1.2% QQ, -8.8% On Yr

11:10, 13 Aug. 2009

Romania’s second quarter gross domestic product shrank by a seasonally adjusted 1.2% compared with the earlier quarter, a flash estimate of the National Statistics Institute, or INS, showed Thursday.

Romania’s Govt Wants Public Wage Fund Limited To 6.2% Of GDP By 2015 – Sources

13:58, 08 Aug. 2009

The Romanian Government decided in Saturday’s meeting that the wage fund for the public system will be limited to 6.2% of the gross domestic products (GDP) by 2015, when the average wage will be half of the maximum wage, according to the new unitary wage law, government sources told MEDIAFAX.

Moody’s Revises Dn Romania’s ’09 GDP Contraction Forecast To 5.7%

16:35, 09 Iul. 2009

Moody’s revised downwards its predictions on Romania’s economic contraction in 2009 to -5.7% from its previous forecast of -4%, the rating agency said in a Credit Opinion report on Romania.

Romania’s GDP Contracts 6.2% Y-Y In 1Q

10:17, 09 Iun. 2009

Romania's gross domestic product contracted 6.2% in real terms in the first quarter compared with the same period of 2008, a contraction narrower than the previously estimated 6.4%, according to non-seasonally adjusted data released Tuesday by the National Statistics Institute.

Romania’s Economy Is Not In Recession, Despite 6.4% Decrease In 1Q GDP – Pres

15:25, 16 Mai 2009

Romanian President Traian Basescu said Saturday, at the Congress of Romanian Students’ Union, that Romania’s economy is not in recession, despite the 6.4% contraction of the gross domestic product in the first quarter of 2009, adding the economy actually saw an upward trend in April.

Romanian 1Q GDP -2.6% On Quarter, -6.4% On Year

10:07, 15 Mai 2009

Romanian gross domestic product in the first quarter posted its first fall in almost ten years, flash estimates from the National Statistics Institute, or INS, showed Friday.

Romania Defense Min Denounces Low Budget Despite Strong NATO Commitments

16:50, 24 Mart. 2009

Romanian defense minister Mihai Stanisoara said Tuesday that, despite Romania’s NATO membership commitments, which stipulate 2% of GDP for the sector, the sum was way below this level over the past few years and, although set at 1.81% of GDP in 2008, the defense sector budget saw only 1.5% of GDP.

Constr, Agric Weight In Romanian GDP Up In ’08, Industry’s Contribution Dn 1 Pps

13:07, 19 Mart. 2009

The construction sector and agriculture increased in 2008 their ratio in Romania's gross domestic product, while industry’s weight in the GDP fell by one percentage point, according to data released Thursday by the country’s Statistics Institute INS.

Romanian 2008 GDP At RON504B, Up 7.1% On Year

10:14, 04 Mart. 2009

Romania’s gross domestic product grew by a lower than expected 7.1% in 2008 to 504 billion lei (EUR1=RON4.2946), after an abrupt slowdown in the fourth quarter, the National Statistics Institute reported Wednesday.

EC Cuts Romania’s 09 GDP Growth Forecast To 1.75%, From Previous 4.75%

13:14, 19 Ian. 2009

The European Commission cut sharply its forecast regarding Romania’s economic growth in 2009 from 4.75% previously estimated at 1.75%, due to a sharp reduction of credit growth, weakening confidence indicators and worsening labor market conditions.

Romania’s GDP To Grow By 3.2% In ’09 – World Bank

20:31, 09 Dec. 2008

Romania’s economic growth will slow down to 3.2% in 2009, from 8.6% in 2008, according to the World Bank’s Global Economic Prospects 2009 report, released on Tuesday.

Romania’s 3Q GDP Soars 9.1% On Yr To RON139.4B -2-

10:03, 03 Dec. 2008

Romania’s gross domestic product soared 9.1% on the year in the third quarter to 139.4 billion lei (EUR1=RON3.8090), and rose 8.9% in real terms in January-September period, the National Statistics Institute reported Wednesday.

EC: Romania’s GDP Growth Seen Slowing To 4.7% In ’09 From 8.5% In ’08

12:47, 03 Nov. 2008

Romania’s gross domestic product is seen slowing to 4.7% in 2009, against an estimated 8.5% growth this year, and will pick up slightly in 2010 to a 5% growth, the European Commission said in its fall economic forecast Monday.

Romania’s 10-Mo Budget Deficit Climbed To 1.5% Of GDP – Fin Min

16:15, 02 Nov. 2008

Romania’s general consolidated budget deficit after the first ten months rose to 1.5% of the gross domestic product (GDP), and is estimated to stay under 2% at the end of November, economy and finance minister Varujan Vosganian said Sunday.

Romania’s 2015 GDP Seen 15-20% Above Prognosis On EU Funds Absorption – Fin Min Director

14:00, 30 Oct. 2008

Romania’s gross domestic product might be 15-20% above the estimation of the National Prognosis Commission carried out for 2015, due mainly to the absorption of European structural funds, Razvan Cotovelea, director with Economy and Finance Ministry, said Thursday.

Romanian Prognosis Commission Revises Dn ’09 GDP Forecast To 6%

12:31, 27 Oct. 2008

Romania’s National Prognosis Commission CNP has revised down, in its final fall prognosis, its gross domestic product estimation for next year to 6%, from 6.5% in the preliminary report.

Romania Defense Ministry Budget Seen At Nearly 1.5% Of GDP In ‘09- Def Min

17:36, 19 Oct. 2008

Romania’s Defense Ministry budget for 2009 is seen at nearly 1.5% of the gross domestic product, or GDP, acting minister Teodor Melescanu said Sunday at the MIL FEST event.

Romanian Prognosis Commission Ups ’08 GDP Growth Forecast To 9.1%

14:18, 25 Sept. 2008

Romania’s Prognosis Commission, or CNP, revised its forecast for the 2008 gross domestic product GDP growth to 9.1%, much higher than 6.5% growth rate previously estimated, the commission’s fall preliminary prognosis revealed.

Services Make Most Of Romanian 1H GDP, FDI Seen Over EUR10B In ‘08

12:44, 11 Sept. 2008

The services sector contributed the most in the first-half gross domestic product, followed by the construction sector, the National Statistics Institute, or INS, said Thursday at a press conference.

Romania’s 1H GDP Up 8.8% On Yr

10:02, 01 Sept. 2008

Romania’s gross domestic product stood at 195.764 billion lei (EUR1=RON3.5330) in the first half of the year, up 8.8% in real terms compared with the same period a year earlier, the National Statistics Institute, or INS, said Monday.

Romania’s Econ Growth Seen Slowing Over Next Sixth Months – Report

11:37, 27 Aug. 2008

Romania’s economic growth will slow down significantly over the next six months, and inflation is seen lowering in the third quarter of the year, according to analysts polled by the CESifo Institute of the University in Munich.

Romania Might Assign 6% Of GDP To Upgrade Road Infrastructure – Min

18:13, 15 Aug. 2008

The Romanian government might gradually assign 6% of the gross domestic product, starting with 2009 until 2012, to upgrade the country’s road infrastructure, health minister Eugen Nicolaescu told a press conference Friday.

Romania’s Healthcare Might Get 5% Of GDP In ’09-Min

17:16, 15 Aug. 2008

The Romanian government might allocate funds matching 5% of the gross domestic product to the healthcare field in 2009, with the percentage to reach 7% of the GDP in 2012, Health Minister Eugen Nicolaescu said Friday.

Romania’s 5-Mos Budget Deficit At 0.2%-0.3% Of GDP – Fin Min

14:45, 19 Iun. 2008

Romania’s general consolidated budget posted a deficit of 0.2%-0.3% of gross domestic product in the first five months of the year, the Economy and Finance Minister Varujan Vosganian said at a seminar Thursday.

Romania, Hungary GDP Seen Higher Unlike Emergent Mkts -World Bk

19:29, 18 Iun. 2008

The economic growth of Romania and Hungary is seen higher in 2008 unlike the trend of countries on the emergent markets, which would see a stable or even lower gross domestic product, or GDP, World Bank said in a report Wednesday.

Romania’s Prognosis Commission May Up ’08 GDP Growth Forecast To 7.5%

15:24, 12 Iun. 2008

Romania’s Prognosis Commission, or CNP, might revise this year’s estimation for the gross domestic product growth to 7.5%, from 6.5%, CNP president Ion Ghizdeanu said on Thursday.

Romania’s Housing Min Says Construction Sector Boosts Econ Growth

15:59, 05 Iun. 2008

Romania’s minister of development, public works and housing, Laszlo Borbely, said Thursday Romania ranks second among EU countries in terms of economic growth, stressing the construction sector currently represents the main factor driving the country’s gross domestic product up.