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2009

23
January

Employment and the unemployment rate in Romania is hard to understand if not related to the general employment structure and other labor market indicators such as the occupation and activity rate or the role of (short term) migration. Even during the hard recession of the nineties and their aftermath official unemployment rates in Romania were relatively low when compared to other Eastern European countries.
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Category : 2009 | 2010 | economy | Economy of Romania | Employment | Labor Market | News | Unemployment Rates | Blog
18
March

Not one year ago, growth prospects for the GDP in Romania were rather optimistic, several forecast institutions predicted GDP growth to be much above the EU-Average for 2009 and even onwards. With some delay, after the breakout of the fincial crisis GDP growth estimations for Romania were gradually downsized.

Update Note: a Resume of 2009 and data for the economy of Romania in 2010 is available here.
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Category : 2009 | Crisis Romania | Economy of Romania | News | Blog
10
March

When talking about the public debt and external debt of Romania we have to face a twofold truth. First: the public debt of Romania is rather low, by both interational and European standards. The same is true, second, for external debt. On the other hand, newspapers all over the world report currently that Romania is in danger of national bankruptcy and might need external help to avoid default. The International Monetary Fund, IMF, and the EU are said to be the fitting institutions in this regard. Joaquin Almunia declared already that the EU is ready to assist Romania with a loan if needed to avoid national insolvency. So, the question is, how comes, that Romania seems to enter again into financial troubles? Is it all the fault of the financial crisis?
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Category : 2009 | Crisis Romania | Economy of Romania | News | Politics of Romania | Blog
22
February

Though the future prospects for the economy of Romania looked quite fine during 2008 the question now is how will Romania proceed in 2009 and thereafter?

Update note: data for the Romanian economy 2010 is available now!
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Category : 2009 | Crisis Romania | Economy of Romania | News | Politics of Romania | Blog