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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CFA Romania Analysts Expect 8.62% Average Inflation, See Leu at 5.0390 Units Per Euro in Next 12 Months 03.24.2023
Financial analysts part of CFA Romania Association forecast an average 8.62% inflation rate for the next 12 months and expect the local currency to... more
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INS: Romania Construction Works Up 5.8% YoY In January 2023 03.22.2023
The volume of construction works in Romania increased, in unadjusted data, by 5.8% in January 2023 compared to January 2022 and was up 7.2% when... more
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INS: Foreign Tourists Spent RON4.28B On Holidays In Romania In 2022 03.17.2023
Foreign tourists spent EUR4.280 billion during their holiday in Romania in 2022, according to latest data from Romania's statistics board INS. more
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INS: Employment Rate For Working Age Population Hit 62.8% In Q4/2022, Lower By 0.6 Percentage Points Vs 3Q/2022 03.17.2023
The employment rate for the working age population (15-64 years) was 62.8% in the fourth quarter of 2022, decreasing by 0.6 percentage points... more
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Romania Industrial Sales Grow 6.8% YoY In January 2023 03.16.2023
Romania’s industrial sales rose 6.8% in January 2023 from January 2022 and dropped by 5.3% in nominal terms in January 2023 versus December 2022,... more
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Romania's Current Account Deficit Shrinks To EUR949M YoY In January 2023 03.16.2023
Romania's current account balance posted a deficit of EUR949 million in January 2023, 15% lower than in January 2022, central bank data showed on... more
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Romania Average Net Salary Down 3.3% In Jan 2023 Vs Dec 2022 03.16.2023
The average net salary in Romania decreased by 3.3% in nominal terms in January 2023 compared with December 2022, to 4,254 (EUR866), data from the... more
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Romania Private Consumption Up Almost 6% In January 2023 Despite Expectations Of Slowdown 03.13.2023
Private consumption in Romania expressed through the volume of retail sales grew almost 6% in January 2023 compared to January 2022, which... more
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Romania’s Trade Deficit Widens To EUR2.33B YoY In January 2023 03.13.2023
Romania's trade balance posted a deficit of EUR2.33 billion in January 2023, higher by EUR20.3 billion (+9.5%) compared with January 2022, data... more
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Romania Annual Inflation Resumes Uptrend In February 2023, Rises Slightly To 15.5% 03.13.2023
Romania's annual inflation rate edged up to 15.5% in February 2023 after slowing down to 15.1% in January 2023, data from the country's statistics... more
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Net Investments in Romania Economy, Up 8.5% in 2022 YOY 03.10.2023
Net investments carried out in the Romanian economy totaled RON150098.8 million in 2022, up 8.5% against 2021, in line with data the country’s... more
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Eurostat: Romania Posts Fourth Highest GDP Growth In The EU In 4Q/ 2022 03.08.2023
Among the European Union Member States, the highest economic growth in the fourth quarter of 2022 compared to the third quarter of 2022 was... more
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Romania’s Economy Grows 4.8% YoY In 2022 03.08.2023
Romania's gross domestic product (GDP) grew by 4.8% in real terms (in unadjusted data) in 2022 as compared to 2021, provisional (1) estimates from... more
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INS: Romania Retail Sales Drop 22% In January 2023 Vs December 2022 03.06.2023
Retail sales volume in Romania, excluding vehicle and motorcycle sales, decreased by 22% in unadjusted data in January 2023 compared to December... more
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Romania Industrial Production Prices Surge 24% YoY In January 2023 03.02.2023
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 24% in January 2023 compared to... more
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Romania Unemployment Rate Unchanged At 5.6% In Jan 2023 Vs Dec 2022 03.02.2023
Romania’s unemployment rate stood at 5.6% in January 2023, the same as in December 2022, data from the country’s statistics institute INS shows... more
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CFA Romania Analysts Expect 9.18% Inflation, See Leu At 5.02 Units/Euro In Next 12 Months 02.28.2023
Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.0215 units to the euro in the... more
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Romania Private Lending Grows 11.5% YoY In January 2023 02.23.2023
Private lending in Romania grew by 11.5% in nominal terms (-3.1% in real terms) in January 2023 versus January 2021 to RON364 billion, as local... more
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Romania's Central Bank Says GDP Growth Will Slow Down Significantly In 2023, But Will Recover In 2024 02.22.2023
Romania's economic growth will slow down significantly in 2023, but will revive in 2024 more than previously anticipated, according to the minutes... more
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INS: Number Of Job Vacancies In Romania Drops By 3,800 YoY In 4Q/2022 02.20.2023
The number of job vacancies in Romania dropped by 3.8 thousand in the last quarter of 2022 compared to the same quarter of 2021 and the job vacancy... 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.