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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World Bank Promotes Romania to High Income Group 07.03.2020
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data. more
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Romania Unemployment Rate Spikes to 5.2% in May 07.02.2020
Romania's seasonally adjusted unemployment rate grew to 5.2% in May from 4.8% in April, data from the country's statistics board showed Thursday. more
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Romania's Forex Reserves Drop to EUR35.002B in June 07.01.2020
Romania's foreign exchange reserves dropped to EUR35.002 billion at the end of June from EUR35.646 billion at the end of May, central bank data... more
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BT Analyst: Romania’s Economy May Grow Over 2.5%, Leu Depreciates, Financing Costs Decrease 06.30.2020
Romania’s economy has the potential to grow at an annual average rate of over 2.5% in 2020-2022 interval, a scenario backed by a mix of economic... more
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Alexandru Reff, Deloitte: Romania’s Economic Contraction May Be Deeper Than International Institutions’ Forecasts 06.29.2020
International institutions’ latest forecasts regarding the evolution of the Romanian economy may prove optimistic, considering that more robust... more
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Romania's Budget Gap Widens to 3.59% of GDP in Jan-May 06.26.2020
Romania's general consolidated budget posted a deficit of RON38.84 billion in January-May, or 3.59% of the gross domestic product, nearly half of... more
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Romania Unemployment Rate Hits 4.3% in 1Q/ 2020 06.26.2020
Romania's seasonally adjusted unemployment rate stood at 4.3% in the first quarter of 2020, from 3.9% in the fourth quarter of 2019 and 4.1% in the... more
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IMF Sees Global Economy Contracting 4.9% from 3% Forecast in April 06.24.2020
The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World Economic Outlook... more
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Romania Private Lending Drops 0.7% on Month in May 06.24.2020
Private lending in Romania declined 0.7% in nominal terms and 0.8% in real terms in May compared with April, to RON269.146 billion, central bank... more
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Euler Hermes: Romanian Economy To See Biggest Quarterly Drop in 20 Years in 2Q 06.22.2020
Romania's economy will witlessness its biggest quarterly decline in over 20 years in the second quarter of 2020 and the country's gross domestic... more
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Romania's GDP/Capita in PPS Reached 69% of EU Average in 2019 06.18.2020
Gross domestic product per capita expressed in purchasing power standards (PPS) ranged between 53% of the EU average in Bulgaria and 261% in... more
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Central Bank To Pursue Sustainable Trend of Gradual Decline in Interest Rates 06.18.2020
The main risks for Romania’s economy and finance are related to public health developments and the central bank will continue to steer measures... more
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Analysts See Leu at 4.94/Euro in 12 Months, Budget Gap at 8.5% 06.17.2020
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.94 to the euro in the next 12 months, with a peak of RON5.1 to... more
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Romania Posts Current Account Gap of EUR1.782B in Jan-Apr 06.15.2020
Romania's current account balance posted a deficit EUR1.782 billion in January-April, compared with a deficit of EUR2.258 billion in the same... more
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Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021 06.12.2020
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55%... more
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Eurostat: Hungary, Romania, Slovakia See Largest Declines In Industrial Production In The EU In April 2020 06.12.2020
Hungary (-30.5%), Romania (-27.7%) and Slovakia (-26.7%) recorded the largest decreases in industrial production across all Member States of the... more
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Romania Industrial Production Drops 36.2% On Month In April 2020 06.12.2020
In April 2020, industrial production decreased by 36.2% as gross series compared to March and was down 27.7% as series adjusted by number of... more
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Romania Annual Inflation Rate Slows To 2.3% In May 2020 06.12.2020
Romania's consumer price index hit an annual rate of 2.3% in May 2020, from 2.7% in April and 3% in March, data from the country's statistics board... more
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Romania Average Net Salary Dropss 3.4% On Month In April 2020 06.11.2020
The average net salary in Romania fell 3.4% in nominal terms in April 2020 compared with March, to 3,182 lei (around EUR658), data from the... more
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EC: Romania Fulfills None of the Criteria for Euro Adoption 06.10.2020
Romania meets none of the convergence criteria – price stability, sound public finances, exchange rate stability and convergence in long-term... more
Romania is among the countries with the lowest or non-existent pandemic impact for German-held construction group HeidelbergCement, its
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Banks on the local market have donated over RON23.5 million for purchases of medical equipment and devices for over 220 hospitals from
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Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an
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The two car assembly factories in Romania, Automobile Dacia and Ford, produced a total 32,033 vehicles in March-April 2020 period,
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Altex Romania, the main player on the Romanian electro-IT market, seeks to invest over EUR25 million in expanding its network and
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Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday said it has summoned its shareholders on June 12, 2020
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One United Properties, the most active developer on the local market with six construction sites open, has sold 30% in One [Floreasca]
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Romanian state-owned power company Hidroelectrica said Thursday it has selected Dentons Europe SPARL to provide legal services in view
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Colliers: 9 in 10 Office Building Tenants Expect to Return to Offices in Summer
Nearly 70% of office owners and tenants expect the Covid-19 pandemic will affect their activity all year and estimate the first signs of recovery no sooner than 2021, according to a poll by Colliers among 60 owners and over 100 tenants, 30% of which are companies with over 1,000 employees.
