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.
-
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
-
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
-
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
-
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
-
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
-
Eurostat: Romania Posts Highest Annual Inflation Rate In The EU, Of 6.7%, In March 2024
04.18.2024
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical... more
-
Romania Industrial Sales Up 11.7% On The Month In February 2024
04.17.2024
Romania’s industrial sales (on the domestic and external markets) increased by 11.7% in nominal terms in February 2024 compared to January 2024... more
-
Romania Manufacturing Industry Orders Up 6.5% On The Month In February 2024
04.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 6.5%, in nominal terms, in... more
-
IMF Sees Romania’s GDP Growth At 2.8% And Inflation At 6% In 2024
04.16.2024
International Monetary Fund (IMF) has revised its actual economic growth forecast for Romania downwards to 2.8% in 2024 from the 3.8% estimated in... more
-
S&P Reconfirms Romania’s Sovereign Rating And Stable Outlook
04.16.2024
International rating agency Standard&Poor’s (S&P) has reconfirmed the rating related to Romania’s government debt at BBB-/A3 for long-term and... more
-
Romania’s Current Account Deficit Rises 25% To EUR2.7B In January-February 2024
04.12.2024
Romania's current account balance posted a deficit of EUR2.7 billion in January-February 2024, 25% higher than in the year-ago period, central bank... more
-
Romania Average Net Salary Up 14.2% in February 2024 vs February 2023
04.12.2024
The average net salary in Romania increased by 14.2% in February 2024 compared with February 2023 to RON4,876, data from the country’s statistics... more
-
Romania Industrial Output Down 1.8% in Jan-Feb 2024 from Year-Earlier Period
04.12.2024
Romania’s industrial production was 1.8% smaller in the first two months of 2024 against the same period of 2023 due to declines in all the three... more
-
Romania's Annual Inflation Drops To 6.6% In March 2024
04.11.2024
Romania's annual inflation decreased to 6.6% in March 2024, compared to 7.2% in February 2024 and 7.4% in January 2024, data from the country's... more
-
Statistics Board's Final Data: Romania's Economy Grows 2.1% In 2023 vs 2022
04.09.2024
Romania ended 2023 with gross domestic product (GDP) of RON1,605 billion (EUR321 billion), higher by 2.1% compared to 2022, in line with data... more
-
Romania’s Trade Deficit Narrows 5.2% YoY To EUR4.1B In January-February 2024
04.09.2024
Romania's trade balance posted a deficit of EUR4.1 billion in January-February 2024, lower by 5.2% compared to the same period of 2023, data from... more
-
Statistics Board: Romania Retail Sales Grow 12.3% YoY In February 2024
04.05.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 12.3% in unadjusted data and by 7.1% when... more
-
Romania's Public Debt Exceeded RON800B Threshold, Over 50% Of GDP, In January 2024
04.03.2024
Romania's government debt reached RON802 billion in January 2024, in line with the latest finance ministry data. more
-
Romania Unemployment Rate Falls To 5.6% Month-On-Month In February 2024
04.03.2024
Romania’s unemployment rate dropped to 5.6% in February 2024, lower by 0.1 percentage points compared to 5.7% in January 2024, data from the... more
-
Romania Industrial Production Prices Drop 6.3% YoY In February 2023
04.02.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6.3% in February 2024 compared to... 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.