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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IMF Praises Romania Economic Growth Efforts In 2023; Recommends Tightening Fiscal Policy Further
yesterday, 22:38
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund... more
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IFC-World Bank Report: Romania Still Faces A Large Convergence Gap With EU Living Standards
12.07.2023
Romania has made impressive strides in its economic performance over the last decades, but the country is still facing a large convergence gap with... more
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Statistics Board Upwardly Revises Romania’s GDP Growth To 1.4% For January-September 2023
12.07.2023
Romania's economy grew by 1.4% in real terms (in unadjusted data) and by 2.2% in seasonally adjusted data, year-over-year in the first nine months... more
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Statistics Board: Romania Retail Sales Up 1.8% YoY In October 2023
12.06.2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased 1.8% in unadjusted data and grew by 1.4% when... more
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INS: Romania's Hourly Labor Costs Up 15.15% In Q3/2023 Vs Q3/2022
12.05.2023
Romania's hourly labor costs adjusted to the number of working days increased by 15.15% in the third quarter of 2023 compared to the third quarter... more
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Romania Industrial Production Prices Drop 2.2% In October 2023 vs October 2022
12.05.2023
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 2.2% in October 2023 compared to... more
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Romania Unemployment Rate Stays Put At 5.4% In October 2023
12.04.2023
Romania’s unemployment rate stood at 5.4% in October 2023, the same as in September 2023, data from the country’s statistics institute INS show... more
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INS: Romania Building Permits Down 8.8% YoY In October 2023
11.29.2023
Romanian authorities issued 3,002 residential building permits in October 2023, 2.6% fewer than in September 2023 and 8.8% fewer than in October... more
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GlobalData Revises Global Economic Growth Down To 2% For 2024
11.27.2023
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP... more
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Romania Private Lending Up 5% YoY To RON381.8B In October 2023
11.24.2023
Private lending in Romania grew by 5% in nominal terms (down 2.8% in real terms) to RON381.8 billion in October 2023 compared to October 2022,... more
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CFA Romania Analysts Project 6.28% Inflation, Expect Leu to Fall to 5.0541 Units/Euro in Next 12 Months
11.24.2023
Financial analysts part of CFA Romania forecast a 6.28% inflation rate for the next 12 months, down from the previous exercise, and expect the... more
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Statistics: Enterprises' Activity In industry, Construction, Trade And Market Services In 2022
11.23.2023
51.1% of the total active enterprises had as main activity market services in 2022 and the highest average number of employees was registered in... more
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INS: Romania Construction Works Up 9.3% YoY In September 2023
11.21.2023
The volume of construction works in Romania increased, in unadjusted data, by 9.3% in September 2023 compared to September 2022 and was up 10.3%... more
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INS: Number of Job Vacancies In Romania Drops By 5.300 YoY In 3Q/2023
11.20.2023
The number of job vacancies in Romania dropped by 5.3 thousand in the third quarter of 2023 compared to the same quarter of 2022 and the job... more
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European Commission Sees Romania’s Economy Slowing To 2.2% In 2023
11.16.2023
The European Commission forecasts, in its autumn economic report for Romania, that the real GDP growth is expected to slow to 2.2% in 2023 due to... more
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Romania's Industrial Production Drops 5.1% YoY In September 2023
11.14.2023
Romania’s industrial production decreased by 5.1% in unadjusted data in September 2023 versus September 2022 due to drops reported for the... more
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Romania’s Economy Grows 1.1% YoY In January-September 2023
11.14.2023
Romania's gross domestic product (GDP) increased by 1.1% in real terms (in unadjusted data) and by 1.9% in seasonally adjusted data in... more
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Romania's Current Account Deficit Shrinks To EUR16B YoY In January-September 2023
11.13.2023
Romania's current account balance posted a deficit of EUR16.05 billion in January-September 2023, lower by 24% than the EUR21.14 billion level... more
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Romania Average Net Salary Up 1.4% In September 2023 vs August 2023
11.13.2023
The average net salary in Romania increased by 1.4% in nominal terms in September 2023 compared to August 2023, to 4,593 (EUR924), data from the... more
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Romania's Annual Inflation Rate Drops Further In October 2023 To 8.1%
11.13.2023
Romania's annual inflation kept its downward trend in October 2023, decreasing to 8.1%, compared to 8.8% in September 2023 and 9.4% in August 2023... 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.