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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CFA Analysts Expect 10.2% Inflation, See Leu At 5.06 Units/Euro In Next 12 Months
yesterday, 15:11
Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.0636 units to the euro in the... more
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Romania Private Lending Grows 12% YoY In December 2022
01.25.2023
Private lending in Romania grew by 12.1% in nominal terms (-3.6% in real terms) in December 2022 versus December 2021 to RON363.59 billion, as... more
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INS: Romania Construction Works Up 20.3% YoY In November 2022
01.19.2023
In November 2022, the volume of construction works in Romania rose, in unadjusted data, by 20.3% compared to November 2021 and was up 20% when... more
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PwC: Confidence In Global Economic Growth Hits 12-Year Low
01.17.2023
The vast majority (73%) of Chief Executive Officers (CEOs) expect the global economy to shrink in 2023, according to the PwC CEO Survey. more
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Romanians Spent EUR6.5B on Vacations Abroad in Jan-Nov 2022
01.17.2023
Romanians spent EUR6.5 billion on vacations abroad in the first eleven months of last year, and the whole-year spending will most likely overshoot... more
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INS: Romania's Electricity Consumption Drops 5.9% YoY In Jan-Nov 2022
01.16.2023
Romania's final electricity consumption reached 47 billion kilowatt-hours (kWh) in January-November 2022, lower by 6.8% year-over-year, while the... more
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2022, Best Year For Foreign Direct Investment In Romania
01.13.2023
The net flow of foreign direct investment (FDI) stood at EUR10.2 billion in January-November 2022, Romania’s central bank said in its latest... more
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Romania Current Account Deficit Widens To EUR25B YoY In January-November 2022
01.13.2023
Romania's current account balance posted a deficit of EUR25.34 billion in January-November 2022, higher by almost EUR10 billion than EUR15.66... more
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Romania Industrial Production Inches Drops 1.1% YoY In January-November 2022
01.13.2023
Romania’s industrial production fell by 1.1% in unadjusted data in January-November 2022 versus the same period of 2021 and by 1.6% when adjusted... more
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Romania’s Annual Inflation Ends 2022 At 16.4% In Dec Vs 16.8% In Nov 2022
01.13.2023
Romania ended 2022 with an annual inflation rate of 16.4% in December as compared to a record high of 16.8% in November, data from the country's... more
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CEE’s Largest Brokerage Firm Sees Romania’s Economy Growing Only 0.5% in 2023
01.12.2023
Romania's economy will grow by only 0.5% in 2023, says Wood, the largest brokerage firm in Central and Eastern Europe, in an analysis. However,... more
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Finance Ministry Raises RON1.55B From Banks Via Two Govt Bond Issues On Jan 12, 2023
01.12.2023
Romania's finance ministry raised RON1.55 billion on Thursday (January 12, 2023) through two government bond issues, at annual average yields of... more
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Romania’s Economy Grows 1.2% In Q3/2022 Vs Q2/2022
01.12.2023
Romania's gross domestic product (GDP) grew by 1.2% in real terms (in unadjusted data) in the third quarter of 2022 as compared to the second... more
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Romania Average Net Salary Up 3.3% In November 2022 Vs Previous Month
01.12.2023
The average net salary in Romania increased by 3.3% in nominal terms in November 2022 compared with October 2022, to 4,141 lei (EUR839), data from... more
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World Bank Sees Romania’s GDP Growing By 2.6% In 2023 And By 4.2% In 2024
01.11.2023
Romania's economy is expected to grow by 2.6% in 2023 and by 4.2% in 2024, according to the World Bank's Global Economic Prospects report. more
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Romania Posts Trade Deficit Of EUR31B YoY In January-November 2022
01.09.2023
Romania's trade balance posted a deficit of EUR31 billion in January-November 2022, higher by EUR9.6 billion (+45.2%) compared with the first... more
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Romania Unemployment Rate Inches Down To 5.4% In November 2022
01.09.2023
Romania’s unemployment rate stood at 5.4% in November 2022, lower by 0.1 percentage points than 5.5% in October 2022, data from the country’s... more
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INS: Romania Building Permits Down 13.3% YoY In January-November 2022
01.06.2023
Romanian authorities issued 40,969 residential building permits in January-November 2022, 13.3% fewer than in the same period of 2021, data from... more
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Eurostat: Romania Ranks Third In The EU By Industrial Production Price Increases
01.05.2023
Industrial production prices increased by 44.8% in Romania in November of 2022 versus the same period of 2021, placing the country third in the... more
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Analysis: 2023 Seen As Challenging Year For Global Economy
01.05.2023
2023 is expected to be a challenging year as the energy crisis continues to affect Europe, inflation will remain high until 2024, and the scenario... 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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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.