Romania Country Report - October, 2013

November 5, 2013

Romania pinpointed in early November the new agreement with the IMF initially signed in September, thus securing a EUR 2bn support from the Fund – to be paralleled by another EUR 2bn credit line given by EU under a BoP support programme. Fiscal consolidation continues, even if at slightly slower than planned rate. Public y a total of 50bps debt remains at moderate level and the CA deficit has narrowed significantly. Inflation is at historic minimum and this allowed central bank to cut the policy interest rates in late September and early November to 4%.

But the government fails to provide the confidence needed by both investors and consumers. The tax hikes announced as part of the new agreement with the IMF, with the aim of pushing further the fiscal consolidation, generated already certain anxiety. Political tensions within the ruling coalition might accelerate driven by broad discontent with low standard of living.

To view this extensive report in full including details such as —

  • Macroeconomic Analysis
  • Politics Analysis
  • Industrial sectors and trade
  • FX, Financials and Capital Markets
  • And more!

For a one-off purchase click here

For an annual subscription click here

For a free sample click here

Related Reports

Russia country report - July , 2024

Russia’s economy grew by 0.8% in the second quarter quarter-on-quarter, with overheating persisting so far, according to the Central Bank’s bulletin "What Trends Say". "Due to active growth ... more

Russia country report - July , 2024

Russia’s economy continues to put in robust growth. Industrial production and GDP figures are surpassing analysts' expectations, according to recent reports and statements from government officials ... more

Ukraine country report - June, 2024

Ukraine's economy is reeling under heavy assault by Russian forces, with real GDP growth slowing in April due to sustained attacks on the energy system. Ukrainian Commander-in-Chief Oleksandr Syrskyi ... more

Follow Us On

Most Read

  1. Europe's gas crisis is back with a vengeance
    1 day ago
  2. Missing money, delayed arms deliveries and demands for mining deals, Ukraine's relations with Trump are off to a rocky start
    1 day ago
  3. COMMENT: Trump should do a deal with OPEC and tighten sanctions further to collapse the Russian economy
    2 days ago
  4. Can Eritrea’s mining sector flourish under autocratic rule?
    1 day ago
  5. El Salvador's bitcoin dream falters despite lofty crypto hub ambitions
    1 day ago
  1. Europe's gas crisis is back with a vengeance
    1 day ago
  2. Missing money, delayed arms deliveries and demands for mining deals, Ukraine's relations with Trump are off to a rocky start
    1 day ago
  3. Nicaragua unveils new canal route in bid to rival Panama
    2 months ago
  4. Global access to energy starts to fall for the first time in a decade, says IEA
    7 months ago
  5. South Korea probes TikTok over alleged data consent violations
    3 months ago

Reports

Dismiss