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.
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Romania Posts Current Account Deficit Of EUR4.86B In January-July 2020 09.14.2020
Romania's current account balance posted a deficit of EUR4.86 billion in January-July 2020, lower by 20% than a deficit of EUR6.03 billion in the... more
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Romania Inflation Rate Inches Down to 2.7% in August 09.10.2020
Romania's annual inflation rate inched down to 2.7% in August from 2.8% in July, data from the country's statistics board showed Thursday. more
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Net Investment in Romania Grows 0.4% YoY in 2Q/2020 09.09.2020
Net investments in the Romanian economy grew 0.4% in the second quarter of 2020 compared with the same period last year, to RON23.509 billion,... more
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Romania Posts Trade Deficit of EUR9.99B in Jan-July 09.09.2020
Romania's trade balance posted a deficit of EUR billion in the first seven months of 2020, EUR481.4 million higher compared with the same period... more
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Private Consumption, Industry Drive Romania's 2Q GDP Decline 09.08.2020
Romania's gross domestic product contracted 10.5% on the year in the second quarter and 12.3% compared with the first quarter, breakdown data from... more
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Romania Average Net Salary Grows 2.2% on Month in July 09.08.2020
The average net salary in Romania grew 2.2% in nominal terms in July compared with June, to 3,372 lei (around EUR694), data from the country's... more
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Romania's Forex Reserves Decline to EUR35.768B in August 09.01.2020
Romania's foreign exchange reserves dropped to EUR35.768 billion at the end of August from EUR36.249 billion at the end of July, central bank data... more
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Romania Unemployment Rate Grows To 5.4% In July 2020 09.01.2020
Romania's seasonally adjusted unemployment rate grew by 0.1 percentage point to 5.4% in July 2020 compared to 5.3% in June 2020, data from the... more
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Romania Budget Gap Widens to 4.7% in January-July 08.26.2020
Romania's general consolidated budget posted a deficit of RON49.68 billion in January-July, or 4.7% of the gross domestic product, finance ministry... more
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Fitch: Romanian Pensions and Politics are Key to Fiscal Prospects 08.26.2020
The Romanian government's proposed 14% pension increase from September would reduce the challenge of consolidating public finances compared with... more
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Analysts See Leu at 4.95%/Euro in 12 Months, GDP Contraction at 4.4% 08.26.2020
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.95 to the euro in the next 12 months, while inflation is... more
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Construction Volume Up 19% In 1H/2020; BT Sees Construction Sector As One Of Most Dynamic Of Post-Pandemic Economic Cycle 08.17.2020
The total volume of constructions in Romania grew 19% on the year in the first half of 2020, an evolution backed by engineering construction... more
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ING Bank: Romania's Economic Rebound Looks Slower Than Expected 08.14.2020
Romania's second-quarter GDP contraction of 12.3% compared with the first quarter was broadly in line in market expectations and while the data are... more
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Romanian Government To Raise Pensions By 14% Despite Economic Downturn 08.14.2020
Romania's liberal government plans to raise pensions by 14% this year through a budget revision decree it will debate Friday, prime minister... more
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Romanian Government Revises 2020 Budget Gap Target to 8.6% from 6.7% 08.14.2020
Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of... more
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Romania's GDP Falls 10.5% on Year in 2Q/2020 08.14.2020
Romania's gross domestic product took an annual plunge of 10.5% in the second quarter after unexpected annual growth of 2.4% in the first quarter,... more
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Romania Posts Current Account Deficit of EUR3.497B in 1H/2020 08.13.2020
Romania's current account balance posted a deficit EUR3.497 billion in January-June, compared with a deficit of EUR4.373 billion in the same period... more
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Annual Inflation in Romania Grows to 2.8% in July 08.12.2020
Romania's annual inflation rate grew to 2.8% in July from 2.58% in June, data from the country's statistics board showed Wednesday. more
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Romania Average Net Salary Grows 3.7% on Month in June 08.11.2020
The average net salary in Romania grew 3.7% in nominal terms in June compared with May, to 3,298 lei (around EUR682), data from the country's... more
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Romania Posts Trade Gap of EUR8.665 in 1H/2020 08.10.2020
Romania's trade balance posted a deficit of EUR8.665 billion in the first six months of 2020, EUR935.7 million higher compared with the same period... more
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve
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The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World
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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
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Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low
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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%,
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Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its
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Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the
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Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid
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A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,
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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.
