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'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
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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
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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
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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
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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
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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
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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
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FIC: The Situation Of Public Finances Remains Fragile And Generates Concern Over Whether 2024 Deficit Goal Can Be Met
04.01.2024
Ever since 2019, Romania has been in a complicated budgetary context and a balanced approach from the authorities is needed to ensure the assumed... more
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Moody’s Estimates Romania 2024 Economic Growth at 3%, Expects Fiscal Gap of 5.7% of GDP, Marginally Improved vs 2023
04.01.2024
Rating agency Moody’s estimates Romania economy will grow by 3% in 2024 and 3.5% in 2025, supported by consumption, but also by public and... more
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INS: Romania Building Permits Down 0.6% YoY In February 2024
03.29.2024
Romanian authorities issued 2,556 residential building permits in February 2024, 39.7% more than in January 2023, but 0.6% fewer than in February... more
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Eurostat: Romania Ranks 21st Among the 27 EU Member States by GDP Per Capita, Ahead of Hungary, Croatia, Slovakia, Latvia, Greece, Bulgaria
03.27.2024
Romania ranks 21st among the 27 EU member states in terms of GDP per capita expressed in purchasing power, respectively 22% below the EU average,... more
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Romania Private Lending Up 4.9% YoY To RON383B In February 2024
03.26.2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March... more
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INS: Romania Construction Works Down 77% In January 2024 From December 2023
03.20.2024
The volume of construction works in Romania shrank, in unadjusted data, by 77% in January 2024 compared with December 2023 and by 34.2% when... more
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Construction Sector Generated Almost Half Of Romania's 2023 GDP Growth Of 2.1%
03.20.2024
Romania's economic growth of 2.1% in 2023 was generated almost 50% by the construction sector, which ended up accounting for 8% of the country's... more
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INS: Employment Rate For Working Age Population Hit 63% In Q4/2023, Lower By 0.3 Percentage Points Vs Q3/2023
03.15.2024
The employment rate for the working age population (15-64 years) was 63% in the fourth quarter of 2023, decreasing by 0.3 percentage points... more
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Romania's Current Account Deficit Nearly Doubles YoY To EUR1.35B In January 2024
03.15.2024
Romania's current account deficit stood at EUR1.35 billion in January 2024, almost double the EUR760 million level reported in January 2023,... more
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Romania Average Net Salary Down 4.3% In January 2024 vs December 2023
03.14.2024
The average net salary in Romania decreased by 4.3% in nominal terms in January 2024 compared to December 2023, to 4,859 (EUR991), data from the... more
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Statistics Board: Romania's Industrial Production Drops 4% YoY In January 2024
03.13.2024
Romania’s industrial production decreased by 4% in unadjusted data in January 2024 versus January 2023 and by 3.9% when adjusted for seasonality... more
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Romania's Annual Inflation Slows To 7.2% In February 2024
03.13.2024
Romania's annual inflation grew at a slower pace in February 2024, by 7.2% compared to February 2023, data from the country's statistics board INS... more
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Organization for Economic Co-operation and Development Expects Romania’s Economy To Grow 3.1% In 2024
03.12.2024
The Organization for Economic Co-operation and Development (OECD) is expecting Romania’s GDP to grow by 3.1% in 2024 and by 3.3% in 2025, up from... 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.