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Romania's government has lowered expectations for its planned sale of a 20% stake in state-run airline Tarom, saying that it now estimates to raise up to EUR7.4 million in the initial
Romania's Trade Registry Thursday said 19,651 companies filed for insolvency in the 2011, down 10% from 21,700 companies in the year before.
Romania's budget deficit narrowed to 4.35% of the gross domestic product in 2011, from 6.5% of GDP a year earlier, the Finance Ministry said Thursday.
Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday.
Romania’s industrial producer price index inched up 0.4% in October from a month earlier, backed by increases in all sectors, the country’s statistics institute INS said Friday.
Jan Derck van Karnebeek, currently Managing Director for Romania, will replace Nico Nusmeier in the position, Heineken said.
Tourist arrivals in Romania rose 15.3% in October from the year-earlier month, while overnight accommodations were up 9.5% on the year, the statistics institute INS said Monday.
Romanian net investments rose 15.3% to 16.65 billion lei (EUR3.82 billion) in the third quarter from the year-earlier period, on increasing activity across the board, the country’s
Romanian construction works fell 1.5% on the month in October, after a 1.3% increase in September, the statistics institute INS said Wednesday.
Romania's current account deficit narrowed 9.5% to EUR4.097 billion in January to October, from a gap of EUR4.53 billion in the year-earlier period, due mainly to shrinking trade deficit
