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’s Annual Inflation Rate Climbs to 8.2% in December 2021 01.14.2022
Romania’s annual inflation rate climbed to 8.2% in December 2021 after having entered a slightly downward trend in November, edging down to 7.8%... more
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Romania Current Account Gap Widens To EUR15.3B In January-November 2021 01.13.2022
Romania's current account balance posted a deficit of EUR15.3 billion in January-November 2021, compared with a deficit of EUR9.7 billion in the... more
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Romania Average Net Salary Up 2.8% On Month In November 2021 01.13.2022
The average net salary in Romania increased by 2.8% in nominal terms in November 2021 compared with October 2021, to 3,645 lei (EUR737), data from... more
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World Bank Cuts Romania’s GDP Growth Forecast To 4.3% In 2022 01.12.2022
Romania’s economy is expected to grow by 4.3% in 2022, the World Bank said, cutting its June 2021 forecast by 0.2 percentage points, according to... more
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Romania Industrial Production Grows 5.4% On Month In November 2021 01.12.2022
Romania’s industrial production increased by 5.4% in unadjusted data In November 2021 as compared to October 2021 and by 2.5% when adjusted for... more
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Romania's GDP Grows 0.4% In 3Q/2021 Vs 2Q/2021 01.12.2022
Romania's gross domestic product (GDP) grew 0.4% in real terms (in unadjusted data) in the third quarter of 2021 as compared to the second quarter... more
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Romania Posts Trade Deficit Of EUR21.3B In January-November 2021 01.10.2022
Romania's trade balance posted a deficit of EUR21.3 billion in January-November 2021, higher by EUR4.9 billion compared with the first eleven... more
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Romania Unemployment Rate At 5.2% In November 2021 01.10.2022
Romania's seasonally adjusted unemployment rate reached 5.2% in November 2021, the same level as compared to October 2021, data from the country's... more
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Euro zone Inflation Hits New Record High, Rising 5% In Dec 2021 01.07.2022
Euro zone inflation hit another record high, up 5% in December 2021, a sign that the economy is under renewed stress as surging coronavirus... more
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Romania Forex Reserves Up to EUR40.4B End-December 01.03.2022
Romania’s foreign reserves stood at EUR40.4 billion at the end of 2021, compared with EUR39.2 billion on November 30, central bank data showed on... more
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Major Bets for Romania’s Economy In 2022 12.31.2021
The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the... more
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Banca Transilvania Sees Romania’s Economy Growing 5.2% In 2022 12.28.2021
Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line... more
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Romania VAT Revenue Up 36.2% YoY To RON72.79B In January-November 2021 12.27.2021
Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1%... more
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Romania Posts Budget Gap Of 4.7% Of GDP In January-November 2021 12.27.2021
Romania's general consolidated budget posted a deficit of RON55.98 billion in January-November 2021, or 4.70% of the gross domestic product (GDP),... more
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Romania Private Lending Grows 14.6% YoY To RON321.9B In November 2021 12.27.2021
Private lending grew by 14.6% in nominal terms to RON321.9 billion in November 2021 compared to November 2020, as local currency lending grew by... more
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CFA Analysts See Leu At 5.11 Units Vs Euro, Annual Inflation At 5.8% In Next 12 Months 12.20.2021
Financial analysts expect the Romanian leu will depreciate to an average of 5.1145 units to the euro in the next 12 months, while inflation is seen... more
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Romania 2022 State Budget Built On Cash Budget Deficit Target Estimated At 5.8% Of GDP 12.17.2021
Romania’s 2022 state budget was built on a cash budget deficit target estimated at 5.8% of gross domestic product (GDP) and an ESA (European... more
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Romania’s Public Debt Drops By RON4B To RON552.4B On Month In October 2021 12.16.2021
Romania’s public debt has decreased by RON4 billion to RON552.4 billion, or 48.2% of the country's gross domestic product (GDP), in October 2021,... more
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Romania Construction Works Drop 2% On Year In January-October 2021 12.16.2021
The volume of Romanian construction works decreased, in unadjusted data, by 2.0%, in in January-October 2021 as compared to the same period of... more
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Romania Current Account Gap Widens To EUR13.85B In January-October 2021 12.14.2021
Romania's current account balance posted a deficit of EUR13.85 billion in January-October 2021, compared with a deficit of EUR8.7 billion in the... more
Ford Romania on Friday revealed the one millionth vehicle manufactured at its Craiova assembly facility, which is a Puma ST-Line in
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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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Foreign tourists who came on holiday in Romania in January-October 2021 spent around EUR2 billion, in line with data provided by the
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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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Investment in companies developing technology to try to combat the climate crisis grew to $87.5 billion in the year leading up to June
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Belgium’s Louis Delhaize Group, present in Romania since 2003 with hypermarkets under the cora brand, has reached an agreement with
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Garanti BBVA Romania, one of the most dynamic lenders on the local market, has signed a financing agreement worth EUR40 million with
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With 99,698 new vehicles sold until December 20, 2021, Dacia is at the top of sales to individuals in France in 2021, according to
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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?