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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European Commission Revises Romania' Economic Growth Forecast Down To 2.9% In 2024, Expects 5.8% Annual Inflation
02.16.2024
The European Commission, in its Winter Forecast on February 15, revised downwards its forecast for Romania’s economic growth to 2.9% for 2024 and... more
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Romania Manufacturing Industry Orders Drop 14.6% On Month In December 2023
02.15.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) plunged 14.6%, in nominal terms, in December... more
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Romania Industrial Sales Down 15.7% On Month In December 2023
02.15.2024
Romania’s industrial sales (on the domestic and external markets) decreased by 15.7% in nominal terms in December 2023 compared to November 2023... more
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OTP Bank Analysis: Romania's GDP Growth To Accelerate To 2.8% In 2024, Budget Deficit To Stay Close To 6% Of GDP
02.14.2024
Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment... more
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Statistics Board: Romania's Industrial Production Plunges 6.8% YoY In December 2023
02.14.2024
Romania’s industrial production decreased by 6.8% in unadjusted data in December 2023 versus December 2022 and by 2.3% when adjusted for... more
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Romania's Economy Grows 2% In 2023, Half The 4.1% Growth Rate In 2022
02.14.2024
Romania's economy increased at a 2% annualized pace in 2023 in real terms (in unadjusted data), which is half the 4.1% growth rate reported in... more
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Romania's Annual Inflation Resumes Upward Trend, Rises To 7.4% In January 2024
02.14.2024
Romania's annual inflation resumed its upward trend, increasing by 7.4% in January 2024 compared to January 2023, data from the country's... more
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Romania Ends 2023 With Current Account Deficit Of EUR22.69B, Down 12% YoY
02.13.2024
Romania ended 2023 with a current account deficit of EUR22.69 billion, down 12% from EUR26 billion at the of 2022, central bank data showed on... more
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Romania Average Net Salary Up 6.6% In December 2023 vs November 2023
02.12.2024
The average net salary in Romania increased by 6.6% in nominal terms in December 2023 compared to November 2023, to 5,079 (EUR1.036), data from the... more
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Romania Ends 2023 With Trade Deficit Of EUR28.9B, Down 15.1% YoY
02.09.2024
Romania's trade balance posted a deficit of EUR28.9 billion in 2023, lower by 15.1% compared to 2022, data from the country's statistics board INS... more
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Statistics Board: Romania Retail Sales Inch Up 0.1% YoY In December 2023
02.06.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 0.1% in unadjusted data and by 1.5% when... 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.