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.

Romania Unemployment Rate Edges Down To 5.5% On Month In May 2023
06.30.2023

Romania’s unemployment rate stood at 5.5% in May 2023, lower by 0.1 percentage points than 5.6% in April 2023, data from the country’s... more
Romania Posts Budget Deficit Of RON37B, Or 2.3% Of GDP, YoY In Jan-May 2023
06.28.2023

Romania’s general consolidated budget posted a deficit of RON37 billion in January-May 2023, or 2.3% of gross domestic product (GDP), as compared... more
CFA Romania Analysts Forecast 7.73% Average Inflation, See Leu At 5.0719 Units/Euro in Next 12 Months
06.28.2023

Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units per euro... more
Private Lending Slows Down To 7.9% Growth Rate YoY In May 2023
06.26.2023

Private lending in Romania grew by nearly 7.9% in May 2023 versus May 2022 to RON372.3 billion, as local currency lending was almost flat,... more

EBRD Grants EUR50M Financing To Support Small Businesses In Romania

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,

A Third Of Romanians Expect Home Prices To Plunge Until Spring 2023

39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,

OMV Petrom and CE Oltenia Set to Build Four Photovoltaic Parks in EUR400M Investment

OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE

European Commission Warns Romania About Lack Of Long-Term Strategy On Energy And Climate

The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their

Bucharest, Cluj and Timis Employ 70% Of Romanian IT Professionals

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

World Bank Says Fiscal Deficits Will Remain Elevated In Romania

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

Deloitte: Banks’ Profitability To Decrease Over The Next Year

Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s

Transelectrica Gets EUR424M For Development Of National Energy Infrastructure

Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of

Analysis

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.