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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IMF Revises Upwards Romania’s GDP Growth Forecast To 4.8% In 2022 today, 19:49
The International Monetary Fund (IMF) has revised upwards its forecast on Romania’s economic growth to 4.8% for 2022, from a previous projection... more
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Romania Private Lending Growth Slows Down to 15.9% YoY in August 09.23.2022
Private lending in Romania grew by 15.9% in August 2022 compared with August 2021 to RON359 billion, as local currency lending increased by 16.8%... more
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Romania Construction Works Up 6.8% YoY In July 2022 09.19.2022
The volume of Romanian construction works increased, in unadjusted data, by 6.8%, in July 2022 as compared to July 2021, and by 8.2% when adjusted... more
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Romania Unemployment Rate at 5.3% in 2Q/2022 09.16.2022
Romania’s unemployment rate stood at 5.3% in the second quarter of 2022, down 0.7% from 1Q/2022, in line with data from the country’s... more
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Romania Industrial Production Drops 1.3% YoY In January-July 2022 09.14.2022
Romania’s industrial production fell by 1.3% in unadjusted data in January-July 2022 versus the same period of 2021 and by 2.2% when adjusted for... more
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Romania Current Account Deficit Widens To EUR14.9B YoY In Jan-July 2022 09.13.2022
Romania's current account balance posted a deficit of EUR14.9 billion in January-July 2022, higher by 63% than EUR9.1 billion reported in the same... more
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Romania Average Net Salary Inches Down 0.1% In July 2022 Vs Previous Month 09.12.2022
The average net salary in Romania decreased by 0.1% in nominal terms in July 2022 compared with June 2022, to 3,975 lei (EUR811), data from the... more
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Romania’s Annual Inflation Rate At 15.3% In August 2022 09.12.2022
Romania's annual inflation rate jumped to 15.3% in August 2022 as compared to August 2021, data from the country's statistics board INS showed on... more
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Erste Group Revises Romania’s 2022 GDP Growth Forecast Up To 6% 09.09.2022
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised upwards its forecast on Romania’s economic growth to 6% in... more
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Net Investments in Romania Down 0.8% in 1H/2022 To EUR57.2B 09.09.2022
Net investments in Romania’s economy in the first half of 2022 went down by 0.8%, to RON57.2 billion, amid the decline of the other expenses... more
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Romania Trade Gap Hits EUR18.7B in Jan-July 2022, Up EUR5.8B YOY 09.09.2022
Romania in the first seven months of 2022 exported goods worth EUR52.6 billion, up 24%, while imports reached EUR71.4 billion, 29% more than in the... more
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Statistics Board Reconfirms Romania’s 5.8% GDP Growth In 1H/2022 09.07.2022
Romania’s statistics board INS has reconfirmed the country’s economic growth at 5.8% both in unadjusted data and in seasonally adjusted data... more
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Romania Industrial Production Prices Up 52.3% in July 2022 vs July 2021 09.02.2022
Industrial production prices, a key indicator in gauging inflation, in July 2022 rose by 5.2% on the month and by 52.3% compared to July 2021, both... more
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Number of Residential Construction Permits Down 9.4% in Jan-July 08.30.2022
The number of construction permits for residential buildings shrank by 9.4% to 26,577 in January-July and the decline was recorded in all regions... more
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Romania Budget Revenues Increase by 22% in Jan-July 2022 08.25.2022
The revenues of the general consolidated budget stood at RON258 billion in January-July 2022, an increase of 22% on the year-ago period. Expenses... more
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Romania-Germany Trade up to EUR18.4B in H1 08.25.2022
The volume of trade between Germany and Romania continues its upward trend in the first half of 2022, reaching EUR18.4 billion, 12.3% above the... more
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Number of Job Vacancies up 16% in Q2, 2022 vs Q2, 2021 08.22.2022
The number of job vacancies in Romania increased by more than 16% in the second quarter of 2022 compared with the year-earlier period, going from... more
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Eurostat: Romania Posts Second Lowest Annual Inflation Rate In The EU In July 2022 08.19.2022
Romania, with an annual inflation rate of 13% in July 2022 (based upon the harmonized consumer price index of the European Commission), has the... more
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Eurostat: Annual Inflation At 8.9% In Euro Area, 9.8% In EU And 13% In Romania In July 2022 08.18.2022
The annual inflation rate in the European Union was 9.8% in July 2022, up from 9.6% in June 2022 and from 2.5% in July 2021. In Romania, the annual... more
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Romanian Leu Keeps Gaining Ground Vs Euro, Exchange Rate At 4.87 08.18.2022
The Romanian leu has further gained ground against the euro by midday Thursday (August 18) and the central bank set the leu’s reference rate... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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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?