Romania Forex Reserves Grow to EUR35.83B in February
03.02.2020
Romania's foreign exchange reserves grew to EUR35.83 billion at the end of February from EUR35.505 billion at the end of January, central bank data showed Monday.
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ING Bank Sees Romania’s GDP Contracting 6.6% In 2020, But Growing 7.1% In 2022 yesterday, 20:57
ING Bank’s latest forecasts on the evolution of the global GDP envisage a 6.6% contraction for Romania’s economy in 2020, followed by a 7.1%... more
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Banca Transilvania Expects Romanian Economy To Feel Pandemic Shock in March-May yesterday, 12:23
Romania's economy could feel the biggest shock of the Covid-19 pandemic in the March-May 2020 period, said Andrei Radulescu, chief macroeconomic... more
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Romania GDP Growth Reconfirmed at 4.1% in 2019 yesterday, 09:51
Romania's gross domestic product grew 4.1% in 2019 compared with 2018, a second preliminary reading from the country's statistics board confirmed... more
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Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis 04.02.2020
Romanian finance minister Florin Cit said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed. more
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Romania Forex Reserves Drop to EUR34.123B in March 04.01.2020
Romania's foreign exchange reserves fell to EUR34.123 billion at the end of March from EUR35.83 billion at the end of February, central bank data... more
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Romania Unemployment Rate Stays At 3.9% In February 2020 04.01.2020
Romania's seasonally adjusted unemployment rate stood at 3.9% in February 2020, the same as in January 2020, data from the country's statistics... more
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INS: Romania Housing Permits Up 8.7% YoY In February 2020 03.30.2020
Romania issued 3,100 housing construction permits for residential buildings in February 2020, 33.6% more than in January 2020 and 8.7% more than in... more
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ING Sees Romania GDP Contracting 6.6% in 2020 03.27.2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second... more
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Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020 03.27.2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the... more
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Romania Unemployment Rate at 3.9% in 4Q/2019 03.27.2020
Romania's seasonally adjusted unemployment rate stood at 3.9% in the fourth quarter of 2019, 0.1 percentage point higher than in the third quarter,... more
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Romanian Leu Appreciates Vs Euro, Exchange Rate At 4.8367 03.25.2020
The Romanian leu has gained ground against the euro by midday Wednesday (March 25) and the central bank set the leu’s reference rate versus the... more
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CFA Analysts See Leu Tumbling To 4.94 Vs Euro In Next 12 Months 03.25.2020
The Romanian leu is expected to depreciate to an average of RON4.94 to the euro over the next 12 months, while the annual inflation rate is seen at... more
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Leu Stable Versus Euro, Exchange Rate At 4.8445 03.24.2020
The Romanian leu was stable against the euro by midday Tuesday and the central bank set the official reference rate versus the euro at 4.8445 units. more
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Romania Private Lending Grows 0.5% on Month in February 03.24.2020
Private lending in Romania grew 0.5% in nominal terms and 0.3% in real terms in February compared with January, to RON271.057 billion, central bank... more
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Raiffeisen Bank Expects Romania’s Economy To Contract 2.5% In 2020, Grow 4.5% In 2021 03.20.2020
Raiffeisen Bank has built a new economic growth scenario for Romania, in the context of the coronavirus crisis, forecasting an economic contraction... more
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ING Bank Forecasts 0.9% Economic Contraction For Romania In 2020 03.18.2020
ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank also... more
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Leu Drops To Fresh All-Time Low At 4.8242 Versus Euro 03.16.2020
The Romanian leu on Monday dropped to a fresh all-time low against the euro, as the central bank average reference rate stood at 4.8242 lei to the... more
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Romania's Current Account Posts Surplus of EUR149M in January 03.16.2020
Romania's current account balance posted a surplus of EUR149 million in January, compared with a surplus of EUR322 million in January 2019, central... more
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Romania Net Average Salary Drops 4.5% on Month in January 03.13.2020
The average net salary in Romania fell 4.5% in nominal terms in January compared with December 2019, to 3,189 lei (around EUR662), data from the... more
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Annual Inflation in Romania Slows to 3% in February 03.11.2020
Romania's annual inflation rate slowed to 3% in February from 3.6% in January, data from the country's statistics board showed Wednesday. more
Romania’s central bank BNR on Friday decided to lower its main monetary policy rate by 0.50 percentage points to 2% a year from 2.5%
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Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis,
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BRD– Groupe Société Générale has donated RON1.7 million for the health sector, namely, for medical protection equipment, Covid-19
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MedLife, the largest provider of private medical services in Romania, is opening a new laboratory for coronavirus tracking and testing,
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ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank
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Czech-held CEZ group has received preliminary financial offers valuing its operations in Romania at EUR1.1 billion to EUR1.3 billion,
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Only 35 of the 209 hypermarkets in Romania are in Bucharest, but they account for a significant portion of sales, contributing more
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Bucharest Stock Exchange (BVB.RO), the operator of the local capital market, has lost 3.9% since the beginning of the week, as seen in
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Top 50 Romanian Brands Worth EUR5B
The 50 most powerful Romanian brands are worth about EUR5 billion, 17% more than in 2018, the latest report of Brand Finance, a global independent branded business valuation consultancy, shows.
