Romania Posts Current Account Gap of EUR8.778B in Jan-Oct
12.14.2020
Romania's current account balance posted a deficit of EUR8.778 billion in January-October, compared with a deficit of EUR9.117 billion in the same period in 2019, central bank data showed Monday.
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Romania Manufacturing Industry Orders Up 4.3% On The Month In March 2024
05.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 4.3%, in nominal terms, in... more
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Romania Industrial Sales Up 6.9% On The Month In March 2024
05.17.2024
Romania’s industrial sales (on the domestic and external markets) increased by 6.9% in nominal terms in March 2024 compared to February 2024, but... more
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EBRD Keeps Romania’s GDP Growth Forecast At 3.2% For 2024; Sees Local Economy Accelerating To 3.4% In 2025
05.15.2024
The European Bank for Reconstruction and Development (EBRD) has maintained its projection for Romania's economy in 2024, at 3.2%, similar to the... more
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Statistics Board: Romania's Economy Inches Up 0.1% YoY In Q1/2024
05.15.2024
Romania's economy grew by just 0.1%, in unadjusted data, in the first quarter of 2024 compared to the same period of 2023, data from the country's... more
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Romania Average Net Salary Up 6.3% In March 2024 vs February 2024
05.15.2024
The average net salary in Romania increased by 6.3% in nominal terms in March 2024 compared to February 2024, to 5,185 (EUR1,043), data from the... more
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Statistics Board: Romania's Industrial Production Falls 4.2% YoY In March 2024
05.15.2024
Romania’s industrial production decreased by 4.2% in unadjusted data in March 2024 versus March 2023 but increased by 2.8% when adjusted for... more
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Romania's Current Account Deficit Edges Down YoY To EUR3.94B In January-March 2024
05.14.2024
Romania's current account deficit stood at EUR3.94 billion in January-March 2024, slightly lower than the EUR3.96 billion level reported in the... more
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Romania's Annual Inflation Drops To 5.9% In April 2024
05.14.2024
Romania's annual inflation decreased to 5.9% in April 2024, compared to 6.6% in March 2024 and 7.2% in February 2024, data from the country's... more
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Romania’s Trade Deficit Shrinks 1.5% YoY To EUR6.69B In January-March 2024
05.10.2024
Romania's trade balance posted a deficit of EUR6.69 billion in January-March 2024, lower by 1.5% (or lower by EUR103.3 million), compared to the... more
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Romania Industrial Production Prices Drop 8% YoY In March 2023
05.07.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 8% in March 2024 compared to March... more
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Romania Unemployment Rate Falls To 5.3% Month-On-Month In March 2024
05.07.2024
Romania’s unemployment rate dropped to 5.3% in March 2024, lower by 0.3 percentage points compared to 5.6% in February 2024, data from the... more
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Romania Forex Reserves Shrink To EUR62.5B In April 2024
05.02.2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on... more
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BCR Romania Manufacturing PMI Over 50 Points For First Time
05.02.2024
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards,... more
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Romania, Last Among EU Countries By Business Innovation
04.29.2024
Romania remains at the bottom of the European Union rankings in terms of innovation, with the proportion of Romanian companies introducing new or... more
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INS: Romanian Managers Expect Relative Stability In Employee Numbers In Manufacturing And Services In April-June 2024
04.29.2024
Romanian executives forecast growth of activity in construction and retail trade, relative stability in the number of employees in manufacturing... more
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Budget Deficit Already At 2% After Q1, 2024
04.26.2024
Government budget spending increased by 23% to RON168 billion in the first quarter of 2024, data on the execution of the general consolidated... more
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Romania Private Lending Up 4.7% YoY To RON387B In March 2024
04.24.2024
Private lending in Romania went up 4.7% to RON387 billion in March 2024 compared with March 2023, central bank data showed on Wednesday (April 24,... more
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Eurostat: Romania Recorded One Of Highest Government Debt To GDP Ratios In EU In 2023
04.22.2024
Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy,... more
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Romania Ends 2023 With 5.6% Unemployment Rate, Same As In 2022
04.19.2024
Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64... more
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INS: Romanian Construction Works Surge 53.7% On The Month In February 2024
04.19.2024
In February 2024, the volume of construction works increased, in unadjusted data, by 53.7% compared to January 2024 and was up 17.5% when adjusted... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.