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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Romania’s Trade Deficit Narrows 15.5% YoY To EUR1.95B In January 2024
03.11.2024
Romania's trade balance posted a deficit of EUR1.95 billion in January 2024, lower by EUR359 million (-15.5%) compared to January 2023, data from... more
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Statistics Board Revises Romania’s 2023 Economic Growth To 2.1% From 2%
03.08.2024
Romania's gross domestic product (GDP) estimated for 2023 amounted to RON1,598 billion current prices, increasing in real terms by 2.1% compared to... more
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Deloitte: Romania Companies Expect Economic Indicator Improvement, Remain Cautious amid High Uncertainty
03.07.2024
Companies in Romania expect an improvement in macroeconomic indicators such as GDP, inflation and unemployment, but seem to maintain a cautious... more
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Statistics Board: Romania Retail Sales Grow 6.6% YoY In January 2024
03.06.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 6.6% in unadjusted data and by 5.1% when... more
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INS: Romania's Hourly Labor Costs Up 16.85% In 4Q/2023 Vs 4Q/2022
03.05.2024
Romania's hourly labor costs adjusted to the number of working days increased by 16.85% in the fourth quarter of 2023 compared to the fourth... more
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Romania Industrial Production Prices Drop 6% YoY In January 2023
03.04.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6% in January 2024 compared to January... more
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Romania Unemployment Rate Rises To 5.7% Month-On-Month In January 2024
03.04.2024
Romania’s unemployment rate rose to 5.7% in January 2024, higher by 0.1 percentage points compared to December 2023, data from the country’s... more
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INS: Romania Building Permits Down 12% YoY In January 2024
02.29.2024
Romanian authorities issued 1,829 residential building permits in January 2024, 12% fewer than in January 2023, data from the country’s... more
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INS: Romanian Managers Expect Relative Stability In Retail Trade, Services And Sharp Price Hikes In Retail In Feb-April 2024
02.29.2024
Romanian executives forecast a period of relative stability in retail trade and services, in parallel with relative stability in the number of... more
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Deloitte: Growing Optimism About Economic Evolution In Central Europe
02.28.2024
The optimism regarding the economic evolution in Central Europe is growing, according to the latest Deloitte Central Europe Private Equity (PE)... more
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Romania's Central Bank Anticipates More Pronounced Acceleration Of Country's Economic Growth In 2024 And 2025
02.26.2024
Romania's central bank predicts a more pronounced acceleration of the country's economic growth in 2024 and 2025 than in previous forecasts, amid a... more
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Financial Analysts See Romania’s Economic Growth At Over 2% in 2024
02.19.2024
Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA... more
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Romania’s Crude Oil Production Drops 4.4% YoY In 2023
02.16.2024
Romania produced a quantity of crude oil of 2.795 million tons of oil equivalent (toe) in 2023, fewer by 129,200 toe (-4.4%) than in the same... more
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European Commission Revises Romania' Economic Growth Forecast Down To 2.9% In 2024, Expects 5.8% Annual Inflation
02.16.2024
The European Commission, in its Winter Forecast on February 15, revised downwards its forecast for Romania’s economic growth to 2.9% for 2024 and... more
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Romania Manufacturing Industry Orders Drop 14.6% On Month In December 2023
02.15.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) plunged 14.6%, in nominal terms, in December... more
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Romania Industrial Sales Down 15.7% On Month In December 2023
02.15.2024
Romania’s industrial sales (on the domestic and external markets) decreased by 15.7% in nominal terms in December 2023 compared to November 2023... more
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OTP Bank Analysis: Romania's GDP Growth To Accelerate To 2.8% In 2024, Budget Deficit To Stay Close To 6% Of GDP
02.14.2024
Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment... more
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Statistics Board: Romania's Industrial Production Plunges 6.8% YoY In December 2023
02.14.2024
Romania’s industrial production decreased by 6.8% in unadjusted data in December 2023 versus December 2022 and by 2.3% when adjusted for... more
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Romania's Economy Grows 2% In 2023, Half The 4.1% Growth Rate In 2022
02.14.2024
Romania's economy increased at a 2% annualized pace in 2023 in real terms (in unadjusted data), which is half the 4.1% growth rate reported in... more
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Romania's Annual Inflation Resumes Upward Trend, Rises To 7.4% In January 2024
02.14.2024
Romania's annual inflation resumed its upward trend, increasing by 7.4% in January 2024 compared to January 2023, data from the country's... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal 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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania 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.