Expats

President Traian Basescu says Romania lost EUR 1.2 bln from the ban on carbon certificate trading at current value. [Aug 29, 2011] Following its suspension from the trading of carbon emission certificates, Romania has lost ?1.2 bln ( EUR ? our note) at current prices, having certificates worth some 3 bln (EUR ? our note) at 2008 prices?, Romanian President Traian Basescu stated during a visit to Rosia Montana yesterday. [via YahooNews] More >>

Germany, main market for Romanian exports in 2010 [Mar 24, 2011] Romanian exports to Germany totaled EUR 6.68 bln in 2010, 18.03 per cent over the level reported the previous year, representing a record for Romania on a foreign market, a Ministry of Economy and Commerce communiqu [via YahooNews] More >>

Despite low investment levels, British entrepreneurs remain interested in Romania [Oct 15, 2010] British companies invested a total of EUR 1.9 bln in Romania in the first seven months of the year, a drop of 36 per cent on the same period of last year, when they invested EUR 2.9 bln, according to data from the British-Romanian Chamber of Commerce (BRCC), presented, yesterday, in a press conference. [via YahooNews] More >>

Despite low investment levels, British entrepreneurs remain interested in Romania [Oct 15, 2010] British companies invested a total of EUR 1.9 bln in Romania in the first seven months of the year, a drop of 36 per cent on the same period of last year, when they invested EUR 2.9 bln, according to data from the British-Romanian Chamber of Commerce (BRCC), presented, yesterday, in a press conference. [via YahooNews] More >>

Remittances dropped last year [Jul 25, 2010] Italy-Romania and Spain-Romania were the EUs largest remittance corridors in 2007 and 2008. The value of the Romanian workers remittances dropped from EUR 5.156 bln in 2008 to EUR 3.026 bln in 2009, Mediafax informs. [via YahooNews] More >>

Nine O'Clock [Jun 13, 2010] The budget deficit increased by EUR 1 bln in May compared to April, at 3.2 pc of GDP, according to governmental sources. [via YahooNews] More >>

Nine O'Clock [Jun 04, 2010] Industrial sector was the only sector to report growth. Romanias GDP at current prices was estimated at RON 96.707 bln in Q1, down by 2.6 per cent compared to Q1 of 2009, the National Statistics Institute announced yesterday. [via YahooNews] More >>

Nine O'Clock [Jun 04, 2010] Industrial sector was the only sector to report growth. Romanias GDP at current prices was estimated at RON 96.707 bln in Q1, down by 2.6 per cent compared to Q1 of 2009, the National Statistics Institute announced yesterday. [via YahooNews] More >>

Vladescu: ?Romanian economy works better compared to 2009? (Nine O'Clock) [Mar 15, 2010] The issuance of Eurobonds worth EUR 1 bln has demonstrated interest from investors. Romania is consolidating its position on external markets, Public Finances Minister Sebastian Vladescu yesterday said, in a press meeting. [via YahooNews] More >>