Romania’s GDP Grows 2.4% YoY In 1Q/2020

05.15.2020

Romania’s gross domestic product grew by 2.4% in unadjusted data and by 2.7% in seasonally adjusted data, in the first quarter of 2020 compared with the same period in 2019, a flash estimate from the country’s statistics institute INS showed Friday.

Romania Unemployment Rate Inches up to 5.3% in October
today, 09:52

Romania's seasonally adjusted unemployment rate inched up to 5.3% in October from 5.1% in September, data from the country's statistics board... more
Romania Posts Budget Deficit of 7.05% of GDP in Jan-Oct
11.26.2020

Romania's general consolidated budget posted a deficit of RON74.04 billion, or 7.05% of the gross domestic product, in the first ten months of... more
Preserving Confidence in the Romanian Currency, Key to Monetary Policy Conduct in 2020
11.24.2020

Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to... more
Romania Private Lending Grows 0.6% on Month in October
11.24.2020

Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central... more
Fiscal Council: Govt’s Revised Scenario Of 4.2% GDP Decline Seems More Optimistic Relative To Economic Evolution, Pandemic
11.24.2020

Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and,... more
- Romania Approves Third Budget Revision Of 2020
- Romania's Economic Forecast Commission Revises 2020 GDP Downturn to 4.2%
- Romanian Government Raises 2020 Budget Deficit Target to 9.1%
- Romanian Central Bank Lowers 2020 Inflation Forecast to 2.1% from 2.7%
Romania Approves Third Budget Revision Of 2020
11.24.2020

The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross... more
- Romanian Government Raises 2020 Budget Deficit Target to 9.1%
- Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021
- Romania's Economic Forecast Commission Revises 2020 GDP Downturn to 4.2%
Analysts See Leu At 5/Euro In 12 Months, GDP Contraction At 5% In 2020, Jobless Rate At 6.7% End-2020
11.23.2020

Analysts polled by CFA Romania estimate the Romanian leu will depreciate to an average of 5.0102 to the euro in the next 12 months, while inflation... more
Romania Public Debt Widens To RON451B, Or 42.9% Of GDP, End-September 2020
11.19.2020

Romania’s public debt stood at RON451 billion, or 42.9% of the gross domestic product (GDP) at the end of September 2020, higher by RON77 billion... more
Romania's Economic Forecast Commission Revises 2020 GDP Downturn to 4.2%
11.18.2020

Romania's national strategy and forecast commission has revised its 2020 GDP contraction estimate to 4.2% from a previous projection of 3.8% and... more
Romanian Government Raises 2020 Budget Deficit Target to 9.1%
11.18.2020

Romania's government is revising its budget deficit target to 9.1% for 2020 at an upcoming budget revision, finance minister Florin Citu said... more
Romania Posts Current Account Gap of EUR7.737B in Jan-Sept
11.13.2020

Romania's current account balance posted a deficit of EUR7.737 billion in January-September, compared with a deficit of EUR7.942 billion in the... more
Romanian Central Bank Lowers 2020 Inflation Forecast to 2.1% from 2.7%
11.13.2020

Romania's central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021... more
- Central Bank Sees Inflation Dropping Further in Short Term
- Romanian Central Bank Keeps Key Rate at 1.5%, Eases FX Reserve Requirements
Analysts Expect W-Shaped Recovery after Worse than Expected 3Q GDP Data
11.13.2020

Analysts expect Romania's economy recovering slower and more gradually after Friday's flash GDP data which showed a 6% annual contraction in the... more
- Romania's GDP Falls 6% YoY In 3Q/2020
Romania's GDP Falls 6% YoY In 3Q/2020
11.13.2020

Romania's gross domestic product (GDP) took an annual plunge of 6% in the third quarter of 2020, compared with the same period in 2019, a flash... more
Central Bank Sees Inflation Dropping Further in Short Term
11.12.2020

Romania's central bank expects inflation to drop further in the short term before rising again and remaining close to 2.5%, it said in a detailed... more
- Romanian Central Bank Keeps Key Rate at 1.5%, Eases FX Reserve Requirements
- Romanian Central Bank Lowers 2020 Inflation Forecast Slightly to 2.7%
Romanian Central Bank Keeps Key Rate at 1.5%, Eases FX Reserve Requirements
11.12.2020

Romania's central bank on Thursday decided to keep its benchmark interest rate unchanged at 1.5% a year, but lowered minimum reserve requirements... more
Romania Inflation Rate Drops To 2.2% In October 2020, Lowest Level Since Sept 2017
11.11.2020

Romania's annual inflation rate inched down to 2.2% in October 2020 from 2.45% in September, 2.7% in August and 2.8% in July, data from the... more
EBRD Sees Romania's GDP Contracting 5% in 2020
11.10.2020

The European Bank for Reconstruction and Development(EBRD) expects Romania's economy will contract by 5% in 2020 and recovery will be slow, with... more
Romania Average Net Salary Grows 1.4% On Month In September 2020
11.10.2020

The average net salary in Romania grew 1.4% in nominal terms in September 2020 compared with August 2020, to 3,321 lei (around EUR682), data from... more
Investment opportunity: the best land available in Bucharest, 6 ha in the Grozăveşti area, suitable for the development of mixed projects
11.10.2020

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Hidroelectrica Minority Shareholder Says Buying CEZ Assets Would Affect Listing

Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve

IMF Sees Global Economy Contracting 4.9% from 3% Forecast in April

The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World

ACEA: Commercial Vehicle Registrations In Romania Plunge 40.5% YoY In January-May 2020

New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in

Low Demand Keeps 60,000 Romanian Auto Industry Employees on Furlough

Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low

Romania Recycles Just 11% of Waste Compared with 47% EU Average

Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,

Transgaz Seeks RON300M Working Capital Loan

Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its

Profi Keeps Expansion Pace; Opens 20 New Stores In June 2020

Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the

Blue Air Enters Safeguard Procedure

Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid

Study: Romania Imports 25,000 To 96,000 Tons Of Vegetable And Fruit Monthly

A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,

Analysis

Romanian Households Reach Net Wealth of RON2,157B in 2019

Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.