Expats

Figures show Romania has slid back into recession [May 15, 2012] Romania's economy has slid back into recession after it contracted for two consecutive quarters, with the European sovereign-debt crisis and freezing temperatures hitting exports and industrial output, officials said Tuesday. [via YahooNews] More >>

Romanian Central Bank Lowers Benchmark Interest Rate for a Third Time [Feb 02, 2012] Romania?s central bank cut its benchmark interest rate by a quarter point for the third time in as many meetings to boost economic growth amid Europe?s debt crisis while the inflation rate falls to post-communist lows. [via YahooNews] More >>

Romania Frontloads Debt Sales to Avert Risk Appetite Change [Jan 27, 2012] Romania sold a record amount of leu- denominated debt in January at lower yields as it seeks to protect its finances from a possible worsening of the European sovereign-debt crisis. [via YahooNews] More >>

Romania backs EU treaty changes to save eurozone [Dec 07, 2011] (BUCHAREST ) - Romania's president Traian Basescu said on Wednesday that his country supports changes in the European Union treaty in order to put an end to the debt crisis in the eurozone. [via YahooNews] More >>

Romanian Central Bank Unexpectedly Reduces Benchmark Interest Rate to 6% [Nov 02, 2011] Romania?s central bank unexpectedly cut its main interest rate by 0.25 percentage points for the first time in 19 months to help an economic recovery during the euro area?s sovereign-debt crisis. [via YahooNews] More >>

Romania set to join euro zone in 2015: Official [Nov 01, 2011] BUCHAREST (AFP) - Romania is to make every effort to join the euro zone in 2015 but admits that its entry will depend on developments in the single currency bloc currently struggling through a debt crisis, the government said on Monday. [via YahooNews] More >>

Romania must trim its 2012 deficit target: president [Oct 24, 2011] (BUCHAREST ) - Romania's President Traian Basescu said Monday the government should bring the 2012 deficit target under 3.0 percent in order to avoid fast-growing credit costs due to the eurozone debt crisis. [via YahooNews] More >>

Romanian Economy Slows in Second Quarter as Euro Debt Crisis Damps Demand [Aug 16, 2011] Romania?s economic recovery slowed in the second quarter as Europe?s debt crisis damped western demand for its manufactured products. [via YahooNews] More >>

Romania Delays Petrom Sale Plan as Euro-Debt Crisis Makes Investors Wary [Jul 22, 2011] Romania delayed selling a minority stake in OMV Petrom SA (SNP) as the euro-debt crisis made investors wary of bidding during a two-week offer period that ended today. [via YahooNews] More >>

Corrections [May 22, 2010] -- A photo caption with the Steven Pearlstein column on the May 19 Economy & Business pages, about the debt crisis in Europe, incorrectly described a protester outside Romania's presidential palace in Bucharest as Hungarian. The protester was Romanian. Law - Law Enforcement - Corrections - State Agencies - United States [via YahooNews] More >>

Romania Cuts Benchmark Interest-Rate for Fourth Time (Update2) [May 04, 2010] May 4 (Bloomberg) -- Romanias central bank cut its main interest rate a quarter point to help drag the economy out of a recession, signaling the pace of easing may slow on concern Greeces debt crisis may complicate the recovery. [via YahooNews] More >>

Romania Cuts Benchmark Interest-Rate for Fourth Time (Update1) [May 04, 2010] May 4 (Bloomberg) -- Romanias central bank cut its benchmark interest rate a quarter point to help the economy out of recession, signaling the pace of easing may slow on concern Greeces debt crisis could hurt a European recovery. [via YahooNews] More >>