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 Trade Deficit Shrinks 11.8% YoY To EUR8.8B In Jan-April 2023 yesterday, 13:12
Romania's trade balance posted a deficit of EUR8.85 billion in January-April 2023, lower by 11.8% compared with January-April 2022, data from the... more
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Statistics Board Reconfirms Romania’s 2.3% GDP Growth In Q1/2023 Vs Q1/2022 06.08.2023
Romania’s gross domestic product grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first quarter of... more
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Banca Transilvania: Private Consumption To Grow By 2.9% In 2023, By 4.8% In 2024 And 2025; Average Inflation At 9.3% In 2023 06.07.2023
Lender Banca Transilvania forecasts an increase of 2.9% in private consumption in 2023 and of 4.8% in 2024 and 2025, respectively, in parallel with... more
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INS: Romania's Hourly Labor Costs Up 2.29% In Q1/2023 Vs Q4/2022 06.07.2023
Romania's hourly labor costs adjusted to the number of working days increased by 2.29% in the first quarter of 2023 compared to the fourth quarter... more
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INS: Romania's Average Income/Household At RON6.464; Average Expenditure/Household At RON5.611 In 2022 06.07.2023
Romania's total monthly average income was RON6.464 per household (RON2.575 per person), in nominal terms, in 2022, higher by 13.8% and by 14.8%,... more
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INS: Tourist Arrivals In Romania Grow 19.9% YoY In April 2022 06.07.2023
Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, grew by 19.9% in April 2023 to 894,300 compared... more
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INS: Romania Retail Sales Drop 1.6% YoY In March 2023 06.06.2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) decreased by 1.6% in unadjusted data and by 1.5% when... more
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Romania Industrial Production Prices Grow 11.6% YoY In April 2023 06.06.2023
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 11.6% in April 2023 compared to April... more
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Romania Forex Reserves Shrink To EUR53.08B On Month In May 2023 06.02.2023
Romania's foreign exchange reserves stood at EUR53.08 billion in May 2023, lower than the EUR53.34 billion in April, central bank data showed on... more
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INS: Romania Building Permits Down 32.3% YoY In April 2023 05.31.2023
Romanian authorities issued 2,677 residential building permits in April 2023, 20% fewer than in March 2023 and 32.3% fewer than in April 2022, data... more
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Romania Unemployment Rate Inches Up To 5.6% On Month In April 2023 05.31.2023
Romania’s unemployment rate stood at 5.6% in April 2023, higher by 0.1 percentage points than 5.5% in March 2023, data from the country’s... more
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Association: Romanian Open-End Investment Funds Reach RON17.8B Assets At End-April 2023, Up 2% Since Early 2023 05.25.2023
The net assets of the 93 Romanian open-end investment funds totaled RON17.8 billion (EUR3.6 billion) in April 2023, up 1.9% since the beginning of... more
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Central Bank: Romania Private Lending Grows 9% YoY In April 2023 05.25.2023
Private lending in Romania grew by nearly 9% in nominal terms (-2.2% in real terms) in April 2023 versus April 2022 to RON369.9 billion, as local... more
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CFA Romania Analysts Project 8.13% Average Inflation, See Leu at 5.0528 Units/EUR In Next 12 Months, Cut 2023 GDP Growth Forecast to 2.8% 05.25.2023
Financial analysts part of CFA Romania association expect the local currency to decline to an average exchange rate of 5.0528 units per euro in the... more
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INS: Romania Construction Works Up 12.7% in 1Q/2023 vs 1Q/2022 05.22.2023
The volume of construction works in Romania went up by 12.7% in the first three months of this year against the year-earlier period, in line with... more
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Leu At All-Time Low Against The Euro On May 19 05.19.2023
The euro/leu exchange rate reached a new all-time high on Friday, May 19, RON4.9783/EUR, after having previously peaked at RON4.9731/EUR on Thursday. more
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Romania’s Economy Grows 2.3% In Q1/2023 Vs Q1/2022 05.16.2023
Romania's gross domestic product (GDP) grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first... more
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European Commission Raises Romania’s Economic Growth Forecast From 2.5% To 3.2% In 2023 05.15.2023
The European Commission believes Romania’s economy will see higher growth than expected and raised its real GDP growth forecast from 2.5% to 3.2%... more
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Romania's Current Account Deficit Shrinks 7.8% YoY To EUR5B In January-March 2023 05.15.2023
Romania's current account balance posted a deficit of EUR5 billion in January-March 2023, lower by 7.8% than EUR5.42 billion in the same period of... more
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Isarescu Says Romania Must Tackle Fiscal Deficit And Current Account Deficit Problems In Coming Period 05.12.2023
Romania is the only country in the European Union (EU) facing the excessive deficit procedure, therefore, it must carry out a fiscal adjustment... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.