National Bank of Romania Cuts Monetary Policy Rate to 1.25 Percent
In an unexpected move, the National Bank of Romania decided to cut down the monetary policy rate to 1.25% from 1.5%. The new monetary policy...
Category : Economy
Chief Economist from Raiffeisen Bank Romania: Salaries, Pensions in Romania Spend Public Budget Entirely
According to the Romanian publication Ziarul Financiar Live, Romania has the highest level of salaries in public administration in the Central and Eastern Europe, even...
Electricity Market Liberalization in Romania
Electricity market liberalization in Romania has just become a fact. Starting from January 1, 2021, the electricity market fully liberalized in Romania, as well in...
Romania Decreases Number of Work Permits for Foreigners in 2021
The number of work permits for foreigners is one of the indicators of the development stage of the economy – the higher the number, the...
Romania’s Cereal Production Drops 44% in 2020
Romania’s cereal production dropped 44% in 2020, according to official data cited by Agerpres. Precisely, this year Romania produced only 17 million tons of cereals,...
No Deal Brexit – Consequences for Romania
No Deal Breaxit – this is what Boris Johnson, the British PM, announced this week, telling the British people to prepare themselves for the worst...
Romania Finishes First Phase of BRUA Pipeline
Phase 1 of BRUA pipeline project is ready! This was possible with the efforts of the Romanian state gas transport company. TRANSGAZ. The project is...
IMF: the Worst Recession Ever Expected in 2021
While world governments are confident that the economy will recover in 2021, the latest estimations of the International Monetary Fund show that the global economy...
Romania’s ROMGAZ Eyes Exxon’s 50% Stake in Neptun Deep Project
ROMGAZ, the Romanian state-owned company, eyes Exxon’s 50% stake in Neptun Deep offshore block. The project’s current shareholders are ExxonMobile and OMV Petrom, each one...
Romanian Economy Severely Hit by Crisis, Q3 Data Confirm
Romanian economy is severely hit by the crisis. Q3 2020/2019 indicate a decline of 6%, second only to Spain who registered an even bigger decline,...
