Romanian Miners Protest for Not Being Paid in Time
Romanian miners from Jiului Valley, South Western Transylvania, protest. Again. It’s not the first and, probably, not the last time either. This time for not...
Tag : Romanian economy
Romania and the Euro – Adoption of the Eurocurrency Postponed Once More
Romania and the Euro, the European currency, seems like two magnets positioned in such a way that they repel each other instead of attracting. Somebody,...
EC Forecasts a Faster Growth for Romania in 2021-2022 than EU Average
In a document released on Friday, February 12, European Commission forecasts a faster growth for Romania than the EU average in the next two years,...
Romanian PM: Budgetary Deficit of 8.2% in 2021
Romanian PM, Mr. Florin Citu, announced what most of the economists already anticipated: Romania will have a huge budgetary deficit this year as well. Precisely,...
Eurostat: in 2020 GDP Fell by 6.8% in Euro Area, by 6.4% in EU
Bad news from Eurostat: according to preliminary data, in 2020 GDP fell by 6.8% in the Euro area and by 6.4% in the EU. The...
Romanian Economy Expected to Recover: Economic Growth of 4.3% in 2021
The Romanian Government hopes for an economic growth of 4.3% in 2021, a downward adjusted revision from the previous forecast, when it estimated an increase...
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...
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,...
