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 Forex Reserves Drop to EUR35.139B in February yesterday, 14:04
Romania's foreign exchange reserves fell to EUR35.139 billion at the end of February from EUR37.454 billion at the end of January, central bank... more
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Erste Group Sees Romania’s Economy Growing 4.2% In 2021 02.26.2021
Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central... more
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Romania's Public Debt Hit 47.7% of GDP in 2020, at RON498.3B 02.24.2021
Romania's public debt reached RON498.3 billion at the end of 2020, accounting for 47.7% of the gross domestics product, compared with 35.3% of GDP... more
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Analysts See Leu at 4.97 to the Euro in Next 12 Months 02.23.2021
Most analysts polled by CFA Romania (88%) estimate the leu at an average of 4.97 units to the euro over the next 12 months and see inflation at... more
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Romania Could Adopt Euro in 2027-2028, PM Says 02.19.2021
Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said... more
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AmCham: 2021 Budget Law Should Include Concrete Measures To Increase Fiscal Revenue Collection 02.18.2021
The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct... more
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Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data 02.16.2021
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing... more
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Romania’s GDP Falls 3.9% YoY In 2020 02.16.2021
Romania's gross domestic product (GDP) took an annual plunge of 3.9% in 2020, compared with 2019, which is better than previous forecasts, a flash... more
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2020 Second Best Year for Construction Sector in a Decade 02.16.2021
Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work... more
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Romania's Current Account Deficit Widens to EUR10.98B in 2020 02.15.2021
Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank... more
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Romania Seeks to Cap Public Debt at 55% of GDP in 2021 02.12.2021
Romania's government has set a cap on the country's public debt at 55% of gross domestic product for 2021 under EU methodology. more
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Romania Freezes Public Sector Wages to Cut Budget Deficit to 7% in 2021 02.12.2021
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a... more
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Romania's Annual Inflation Rate Hits 3% in January 02.12.2021
Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's... more
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European Commission Sees Romania GDP Growth at 3.8% in 2021 02.11.2021
Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter... more
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Romania Average Net Salary Grows 6.1% on Month in December 02.11.2021
The average net salary in Romania grew 6.1% in nominal terms and 5.7% in real terms in December 2020 compared with November, to 3,620 lei (around... more
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Romania's GDP Growth Seen At 4.3%, Investments At Up To RON61B In 2021, PM Says 02.10.2021
Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61... more
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Romania's Exports Up 5% in December 02.10.2021
Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover. more
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Romania Posts Trade Deficit of EUR18.38B in 2020 02.09.2021
Romania's trade balance posted a deficit of EUR18.38 billion in 2020, EUR1.08 billion higher compared with 2019, data from the country's statistics... more
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Romania Targets 7% Budget Deficit in 2021 02.08.2021
Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the... more
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Romania Forex Reserves Grow to EUR37.454B in January 02.01.2021
Romania's foreign exchange reserves grew to EUR37.454 billion at the end of January from EUR37.379 billion at the end of 2020, central bank data... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
