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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AmCham: 2021 Budget Law Should Include Concrete Measures To Increase Fiscal Revenue Collection 02.18.2021
The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct... more
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Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data 02.16.2021
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing... more
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Romania’s GDP Falls 3.9% YoY In 2020 02.16.2021
Romania's gross domestic product (GDP) took an annual plunge of 3.9% in 2020, compared with 2019, which is better than previous forecasts, a flash... more
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2020 Second Best Year for Construction Sector in a Decade 02.16.2021
Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work... more
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Romania's Current Account Deficit Widens to EUR10.98B in 2020 02.15.2021
Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank... more
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Romania Seeks to Cap Public Debt at 55% of GDP in 2021 02.12.2021
Romania's government has set a cap on the country's public debt at 55% of gross domestic product for 2021 under EU methodology. more
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Romania Freezes Public Sector Wages to Cut Budget Deficit to 7% in 2021 02.12.2021
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a... more
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Romania's Annual Inflation Rate Hits 3% in January 02.12.2021
Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's... more
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European Commission Sees Romania GDP Growth at 3.8% in 2021 02.11.2021
Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter... more
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Romania Average Net Salary Grows 6.1% on Month in December 02.11.2021
The average net salary in Romania grew 6.1% in nominal terms and 5.7% in real terms in December 2020 compared with November, to 3,620 lei (around... more
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Romania's GDP Growth Seen At 4.3%, Investments At Up To RON61B In 2021, PM Says 02.10.2021
Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61... more
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Romania's Exports Up 5% in December 02.10.2021
Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover. more
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Romania Posts Trade Deficit of EUR18.38B in 2020 02.09.2021
Romania's trade balance posted a deficit of EUR18.38 billion in 2020, EUR1.08 billion higher compared with 2019, data from the country's statistics... more
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Romania Targets 7% Budget Deficit in 2021 02.08.2021
Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the... more
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Romania Forex Reserves Grow to EUR37.454B in January 02.01.2021
Romania's foreign exchange reserves grew to EUR37.454 billion at the end of January from EUR37.379 billion at the end of 2020, central bank data... more
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Romania Unemployment Rate Drops To 4.9% In December 2020 02.01.2021
Romania's seasonally adjusted unemployment rate fell to 4.9% in December 2020, lower by 0.2 percentage points than 5.1% in November 2020, data from... more
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KeysFin: Romania’s Economy Expected To Grow 2.5% To 3.5% In 2021 01.29.2021
Experts of KeysFin, one of business information providers in Romania, expect the Romanian economy to grow by 2.5% to 3.5% in 2021. more
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Romania Ends 2020 with 9.79% Budget Deficit 01.28.2021
Romania's general consolidated budget posted a deficit of RON101.92 billion in 2020, or 9.79% of the gross domestic product, finance ministry data... more
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Romania's GDP Grows 4.1% in 2019 01.28.2021
Romania's gross domestic product grew 4.1% in real terms in 2019 compared with 2018, semi-final data from the country's statistics board confirmed... more
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Central Bank: Scandal On Electricity Market Is A Process With Significant Uncertainty That May Impact Inflation 01.26.2021
Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first... more
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809
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Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of
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Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if
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Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric
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Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park
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Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into
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The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future
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The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared
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Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates
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KPMG: Nearly Half of Global CEOs Don’t Expect a Return to Normal Until 2022
Almost half (45%) of global executives do not expect to see a return to a normal course of business until sometime in 2022, as opposed to nearly one-third (31%), the 2021 KPMG CEO Outlook Pulse survey has found.
