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UN Forecasts 5.5% Econ Growth For Romania In '08
The United Nations (UN) forecast for 2008 a 5.5% economic growth in Romania, some one percentage point below the level estimated by Romanian authorities, according to a report compiled by the institution.…
Consolidated budget deficit 2.4 pct of GDP in 2007
In 2007 the consolidated budget deficit was 9.991 billion lei, accounting for 2.4 percent of the Gross Domestic Product (GDP), Minister of Economy and Finance Varujan Vosganian told a press conference on Monday.…
Dacia sales in Germany up 175% in 2007
Dacia sales in Germany, Europe's biggest market for like products, increased by 175% last year, to 17 300 units, of which 4 296 units had Diesel engine, the company having a 2.1% market share, according to the German Federal Transport Authority, KBA.…
Romania's forecast for 2008
Gross Domestic Product (GDP) amounting to €130 billion, inflation of 4.5-6 percent, lower foreign investment, and depreciation of the leu make up estimates by analysts for 2008, according to an analysis carried out by Business Standard.…
Romanian leu falls to 3.7106 against euro to three-year low, on budget deficit widening
Romania's leu slipped to 3.7106 lei against Europe's single currency, according to the Central Bank of Romania (BNR), following high demand for foreign currency in exchange for lei, after a report showed the government's budget deficit widened to 2.4 percent of the GDP, dealers said.…