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.
-
CFA Analysts Expect GDP Growth of 2.9% in 2022, See Leu at 5.11 Units/Euro, Annual Inflation At 9.5% in Next 12 Months
today, 10:31
Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12... more
-
Banca Transilvania Sees Romania’s Economy Growing 3.8% In 2022
yesterday, 14:46
Banca Transilvania, Romania’s largest lender by assets, has revised upwards the country’s economic growth forecast to 3.8% in 2022, from its... more
-
Romania Private Lending Grows 16.5% YoY To RON345.2B In May 2022
06.27.2022
Private lending in Romania grew by 16.5% in nominal terms (1.8% in real terms) to RON345.2 billion in May 2022 compared to May 2021, as local... more
-
Romania Budget Gap Shrinks To 1.57% Of GDP In Jan-May 2022
06.27.2022
Romania’s general consolidated budget posted RON20.90 billion deficit in the first five months of 2022, lower than the RON26.18 billion level... more
-
OTP Bank Sees Romania’s Economy Growing By 4% In 2022
06.24.2022
OTP Bank expects Romania’s economy to increase by 4% in 2022 and to slow down its growth pace to 3.5% in 2023, the lender said in a report. more
-
Coface Revises Downwards The Evaluation Of 19 Countries, Of Which 16 In Europe
06.23.2022
Four months after the start of hostilities in Ukraine, first lessons can be drawn: the conflict, which is set to last, has already upset the global... more
-
Eurostat: Romania Had Lowest Consumer Prices In Europe In 2021
06.22.2022
Romania had the lowest consumer prices in Europe in 2021, with a price level for consumer goods and services of 55.5% of the EU average, according... more
-
Romania’s Current Account Deficit up EUR3.4B to EUR7.5B in Jan-April
06.14.2022
Romania’s current account deficit increased by EUR3.4 billion to EUR7.5 billion in January-April, Romania’s central bank data published on... more
-
Romania’s Total External Debt Down EUR66M to EUR134B in Jan-April
06.14.2022
Romania’s total external debt shrank by EUR66 million to EUR134.5 billion in January-April, of which direct public debt accounted for EUR56.3... more
-
IMF Urges Romanian Govt To Take Reform Measures And Boost Taxes
06.10.2022
The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to... more
-
Net Investments In Romania Grow 1.2% YoY To RON24.416B In 1Q/2022
06.10.2022
Net investments in the Romanian economy grew by 1.2% in the first quarter of 2022 compared with the same period in 2021, up to RON24.416 billion,... more
-
Romania Average Net Salary Edges Up 0.8% In April 2022 Vs Previous Month
06.10.2022
The average net salary in Romania increased by 0.8% in nominal terms in April 2022 compared with March 2022, to 3,967 lei (EUR803), data from the... more
-
Romania’s Annual Inflation Rate Jumps To 14.5% In May 2022
06.10.2022
Romania's annual inflation rate surged to 14.5% in May 2022 compared to May 2021, data from the country's statistics board INS showed Friday (June... more
-
IMF Improves Romania’s Growth Projection To 3.5%-4.5% For 2022 and 2023
06.10.2022
The International Monetary Fund improved its economic growth prognosis for Romania to 3.5%-4.5% this year and next year. more
-
Erste Revises Romania’s 2022 GDP Growth Forecast Up To 5.1%
06.09.2022
Erste Group, which owns Romanian lender Banca Comerciala Romana, on Thursday (June 9) revised upwards its forecast on Romania’s economic growth... more
-
Romania Posts Trade Deficit Of EUR10B YoY In January-April 2022
06.09.2022
Romania's trade balance posted a deficit of EUR10.01 billion in January-April 2022, higher by EUR2.93 billion compared with the first four months... more
-
Romania Industrial Production Prices Soar 47% YoY In April 2022
06.02.2022
Industrial production prices for the domestic and non-domestic markets grew by 47% in April 2022 versus April 2021, but were 1.9% lower compared to... more
-
INS: Romania Building Permits Down 15.5% YoY In April 2022
05.31.2022
Romanian authorities issued 3,956 residential building permits in April 2022, 9.9% fewer than in March 2022 and 15.5% fewer than in April 2021,... more
-
Romania Unemployment Rate At 5.5% In April 2022
05.31.2022
Romania’s unemployment rate stood at 5.5% in April 2022, lower by 0.1 percentage points than 5.6% in March 2022, data from the country’s... more
-
CFA Analysts Expect GDP Growth Of 2.3% In 2022, See Leu At 5.05 Units/Euro, Annual Inflation At 8.43% In Next 12 Months
05.26.2022
Financial analysts expect the Romanian leu will depreciate to an average of 5.0584 units to the euro in the next 12 months, while inflation is seen... more

Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
more
The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
more
One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
more
House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
more
Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
more
Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
more
CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
more
Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
more
Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
moreAnalysis
What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?