Romania Current Account Deficit Widens to EUR4.8B in January-July
09.13.2018
Romania's current account balance posted a deficit of EUR4.811 billion in January-July, compared with a deficit of EUR4.162 billion in the same period last year, central bank data showed Thursday.
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Romania's Current Account Deficit Balloons to EUR7.99B in Jan-Oct 12.14.2018
Romania's current account balance posted a deficit of EUR7.99 billion in January-October, nearly 52% higher compared with a deficit of EUR5.267... more
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Romanian Households’ Net Wealth Peaks at Decade High of EUR415B 12.14.2018
Each Romanian has a net wealth of more than EUR21,000 and the indebtedness per person stands at almost EUR1,610, Romania’s central bank shows in... more
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Finance Minister Teodorovici Sees 5.5% GDP Growth in 2019. Too Optimistic, Analysts Say 12.13.2018
Finance Ministry is delaying publication of the 2019 budget bills, which should have already been debated by the Parliament. On Tuesday night,... more
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Romania Has the Potential to Double Its GDP in Ten Years 12.12.2018
Romania can double its gross domestic product (GDP) from about EUR200 billion as estimated this year to EUR400 billion in ten years, provided that... more
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Romania Average Net Salary Grows 13.7% On Year In October 12.11.2018
The net average salary in Romania grew by 13.7% in October 2018 compared with October 2017, to 2,720 lei (around EUR585), and by 1.2% (RON32)... more
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Romania’s Annual Inflation Rate Falls To 3.4% In November 2018 12.11.2018
Romanian consumer prices grew 3.4% in November 2018, compared with November 2017, but the annual inflation rate fell by nearly one percentage... more
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Net Investment In Romania Grows 2.7% In Jan-Sept 2018, To RON54.6B 12.10.2018
Net investments in the Romanian economy grew 2.7% on the year in the first nine months of 2018, to nearly RON54.6 billion, data from the country's... more
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Romania’s Trade Deficit Widens To EUR11.8B In January-October 2018 12.10.2018
Romania's trade balance posted a deficit of EUR11.845 billion in the first ten months of 2018, EUR1.62 billion higher compared with the same period... more
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Romania’s Economy Grew More Than China’s or Japan’s in 1913-2013 12.10.2018
Over a century, between 1913 and 2013, Romania’s GDP per capita rose faster than China’s or Japan’s, as the room for growth was greater. Back... more
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Eurostat: Romania Posts Second Highest GDP Growth In EU In 3Q/2018 12.07.2018
Romania was the European Union's second highest growing economy in the third quarter of 2018, with 1.9% GDP growth compared with the second... more
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Romania GDP Grows 4.3% on Year in 3Q 12.07.2018
Romania's gross domestic product grew 4.3% in the third quarter of 2018 compared with the third quarter last year, a second reading by the... more
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BT Analyst: Annual Dynamic Of Private Consumption To Decelerate To 6% In 2018, Vs 10.1% In 2017 12.05.2018
The annual dynamic of private consumption will moderate in the upcoming years, falling to 6% in 2018, to 5% in 2019 and 4.6% in 2020, following a... more
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Isarescu Says Romania's Economy Refuses To Collapse 12.03.2018
Romanian central bank governor Mugur Isarescu expressed optimism during a conference on Monday regarding the evolution of the country’s economy,... more
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Romania Had Second Lowest Tax-to-GDP Ratio in EU in 2017, of 25.8% 11.29.2018
Romania had a tax-to gross domestic product ratio of 25.8% in 2017, the second lowest level among European Union member states, down from 26.5% in... more
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Romania Unemployment Rate at 4% in October 11.29.2018
Romania's seasonally adjusted unemployment rate inched up to 4% in October from 3.9% in September, data from the country's statistics board showed... more
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Finance Minister: 2019 Budget Will Be Forwarded To Parliament By Mid-December 11.27.2018
Romanian finance minister Eugen Teodorovici said Tuesday the 2019 state budget bill would be sent to Parliament for approval by mid-December,... more
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Romania's Budget Deficit at 2.2% of GDP in Jan-Oct, Finance Minister Says 11.27.2018
Romania's consolidated budget posted a deficit of 2.2% of gross domestic product in January-October, finance minister Eugen Teodorovici said... more
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European Commission Urges Romania to Adjust Ballooning Public Deficit 11.21.2018
Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural... more
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Tax Agency ANAF Under Pressure To Boost Revenue By 15% 11.19.2018
The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target. more
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Romania’s GDP Grows 4.3% On Year In 3Q/2018 11.14.2018
Romania's gross domestic product grew 4.3% in the third quarter of 2018 compared with the third quarter last year, a flash estimate of the... more
The non-performing loan rate in Romania's banking system stood at 5.56% at the end of the third quarter of 2018, down 15 basis points
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State-run chemical plant Oltchim on Tuesday notified chemical producer Chimcomplex Borzesti, which had bought a large part of
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Insurance companies licensed and regulated by Romania’s Financial Supervisory Authority (ASF) underwrote gross premiums of RON7.47
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Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual
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Foreign direct investments (FDIs) in the four counties in Romania’s West Region - Timis, Arad, Hunedoara and Caras-Severin- doubled
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Belgian real estate developer has started work on Record Park, the first mixed-use urban regeneration project in Cluj-Napoca, in a
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The number of hotels in Romania will increase in the next two years by 11 new units affiliated to international chains, of which seven
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French-held sporting goods retailer Decathlon will be opening Thursday its fifth store in capital Bucharest, within Veranda shopping
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
