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.

World Bank Releases Its First Report On Circular Economy In The EU
today, 19:01

Globally, extraction of raw materials stands at over 100 billion tons, annually. This staggering figure is driven by both the persistently high... more
Eurostat: Romania, Among EU Countries With Significant Increase In Industrial Production Prices
12.05.2022

The prices of the products leaving the factory gates grew by 31.2% in the European Union (EU) and by 30.8% in the euro zone, in October 2022... more
Romania Unemployment Rate Inches Up To 5.5% In October 2022
12.05.2022

Romania’s unemployment rate stood at 5.5% in October 2022, higher by 0.1 percentage points than 5.4% in September 2022, data from the country’s... more
Romania Industrial Production Prices Surge 41% YoY In October 2022
12.02.2022

Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 41.1% In October 2022 compared to... more
Eurostat: Romania Ranks Last In The EU By R&D Intensity
12.02.2022

Romania placed last in the European Union by research and development (R&D) expenditure as a percentage of GDP in 2021, the statistical office of... more
INS: Romania Building Permits Down 13% YoY In January-October 2022
11.29.2022

Romanian authorities issued 37,790 residential building permits in January-October 2022, 13% fewer than in the same period of 2021, data from the... more
CFA Analysts Expect Inflation to Average 10.56% in 12 Months, See Leu at 5.06 Units/Euro
11.29.2022

Financial analysts part of CFA Romania expect the Romanian currency to fall to an average exchange rate of 5.0652 units/EUR in the next 12 months,... more
Romania VAT Revenue Up Only 3% in October, Much Lower Than Inflation Rate
11.28.2022

VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared... more
AmCham: A Prudent And Sustainable Budget Planning- The Priorities Of 2023
11.28.2022

In the context of the 2023 state budget planning, AmCham Romania reiterates, as every year, the importance of fundamental principles that must... more
Romanian Managers Expect Accentuated Price Hikes In Trade Sector Over Next Three Months
11.28.2022

Romania expects to see a new wave of price increases over the next three months and employers talk about an “accentuated” increase in retail... more
Romania Private Lending Grows 14.7% YoY In October 2022
11.24.2022

Private lending in Romania grew by 14.7% in nominal terms (-0.5% in real terms) in October 2022 compared with October 2021 to RON363.59 billion, as... more
Study: Romanian Managers’ Economic Confidence Falls Amid Uncertainty
11.23.2022

Romanian managers' economic confidence decreased in the second half of 2022, nearing the level at the end of 2020, at 44.4, but remains above the... more
Romanian Public Sector, Manufacturing Industry Account For Almost Half Of Job Vacancies In Q3/2022
11.18.2022

The Romanian public sector accounted for 23% of total job vacancies in the third quarter of 2022 and the manufacturing industry accounted for just... more
Romania Construction Works Up 26.4% YoY In Sept 2022
11.17.2022

In September 2022, the volume of construction works in Romania rose, in unadjusted data, by 26.4% compared to September 2021 and was up 27.2% when... more
Romania Industrial Sales Grow 26.6% YoY In Jan-Sept 2022
11.15.2022

Romania’s industrial sales rose 26.6% year-on-year in the first nine months of 2022, data from the country’s statistical office INS showed on... more
Romania’s Economy Grows 1.3% In Q3/2022 Vs Q2
11.15.2022

Romania's gross domestic product (GDP) grew by 1.3% in real terms (in unadjusted data) in the third quarter of 2022 as compared to the second... more
Romania Central Bank Raises Year-End Inflation Forecast To 16.3% From 13.9%
11.14.2022

Romania's central bank revised upwards its 2022 year-end inflation forecast to 16.3%, from its previous August forecast of 13.9%, central bank... more
- Romania’s Annual Inflation Rate Falls Slightly To 15.3% In October 2022
- CFA Analysts: Inflation Likely to Start Falling Below 10% in Next 12 Months, Leu to Decline to 5.07 Units/Euro, Three-Month ROBOR To Reach 7.39% A Year
- Central Bank: Romania's Annual Inflation Rate To Remain On An Upward Path Until End-2022
Romania Current Account Deficit Surges 59% To EUR20.1B in Jan-Sept 2022
11.14.2022

Romania's current account balance posted a deficit of EUR20.1 billion in January-September 2022, higher by 59% than in the same period in 2021,... more
Romania Industrial Production Drops 1% YoY In January-September 2022
11.14.2022

Romania’s industrial production fell by 1% in unadjusted data in January-September 2022 versus the same period of 2021 and by 1.6% when adjusted... more
European Commission Lifts Romania's 2022 Economic Growth Forecast To 5.8% In 2022
11.11.2022

Romania’s economy is expected to expand by 5.8% in 2022, as compared to a 3.9% growth rate projected in July, the European Commission (EC) said... more
- European Commission Sees Romania’s Economic Growth at 3.9% in 2022
- European Commission Cuts Romania's 2022 Economic Growth Forecast To 2.6% Versus 4.2%

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.