Tag Archives: growth
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Romania revises up economic growth expectation

Romania’s National Prognosis Commission (CNP) has revised up its prognosis on Romania’s economic growth in 2015 to 3.3%. It also changed its prognosis for 2016 to 3.4%. The GDP will amount to EUR 158 billion in 2015 and to EUR 167 billion in 2016. For 2017, the National Prognosis Commission expects an economic growth of […]

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Romania’s economy grows by 4.3% in the first quarter

Romania’s gross domestic product (GDP) increased by 4.3% in the first quarter of 2015 compared to the same quarter of last year. The seasonally adjusted growth rate was 4.2%, according to data released by the National Statistics Institute (INS) on Wednesday, May 13. Important growth was also registered by Hungary (3.1 per cent), Slovakia (2.9 per […]

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Macroeconomic confidence indicator registered a maximum high

The macroeconomic confidence indicator registered in March a month-on-month growth of 5.8 points, reaching 68.1 points, a historic high, a CFA Romania communiqué shows. The Chartered Financial Analyst designation administered by the CFA Institute (USA) is one of the most prestigious in the world among financial professionals. The macroeconomic confidence indicator is measured on a […]

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Romania Plans to Cut Taxes From 2016 to Boost Economic Growth

Romania plans to start cutting taxes from next year to boost economic growth and increase living standards after four years of austerity, Prime Minister Victor Ponta said.The cabinet intends to cut value-added tax to 20 percent from 24 percent and reduce the levy for meat, fish, vegetables and fruit to 9 percent, Finance Minister Darius […]

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Romania’s economy grows by 2.9% in 2014

Romania’s gross domestic product (GDP) increased by 2.9% in 2014, compared to 2013, according to flash estimates released by the National Statistics Institute (INS). In the fourth quarter of 2014, Romania’s GDP grew by 2.6% compared to the same period of 2013, in gross terms. The increase was 2.5%, in seasonally adjusted terms. Romania’s economy also […]

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