Romania Posts Current Account Gap of EUR8.778B in Jan-Oct
![Romania Posts Current Account Gap of EUR8.778B in Jan-Oct](https://storage0.dms.mpinteractiv.ro/media/401/1561/19566/19780993/1/2786182-publimedia-shutter.jpg?width=175)
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 Private Lending Up 6.7% YoY to RON400B in June 2024
07.23.2024
Private lending in Romania went up 6.7% to RON400.6 billion in June 2024 compared with June 2023, central bank data showed on Tuesday (July 23, 2024). more
-
INS: Romanian Construction Works Down 1.1% In January-May 2024
07.18.2024
The volume of construction works increased, in unadjusted data, by 1.1% in January-May and by 2.2% when adjusted for the number of working days and... more
-
INS: Romania Industrial Sales Plunge 8.5% On The Month In May 2024
07.17.2024
Romania’s industrial sales (on the domestic and external markets) decreased by 8.5% in nominal terms in May 2024 compared to April 2024, and by... more
-
INS: Romania Manufacturing Industry Orders Drop 3.6% On The Month In May 2024
07.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in May... more
-
Romania's Current Account Deficit Widens 34% YoY To EUR9.17B In January-May 2024
07.15.2024
Romania's current account deficit stood at EUR9.17 billion in January-May 2024, higher by 34% than the EUR6.8 billion level recorded in the same... more
-
Romania’s Public Debt Up To RON852.8B And 52.1% Of GDP At End April 2024
07.15.2024
Romania’s public debt, in both lei and foreign currency, increased by RON69.3 billion to RON852.8 billion in April 2024 and to 52.1% of the GDP... more
-
Moneycorp: Romania’s Exports Could Overshoot EUR100M Mark In 2024
07.12.2024
Romania’s exports could overshoot the EUR100 billion mark this year, with Germany, Italy, Poland, Slovakia, Czech Republic and Hungary being the... more
-
Romania Industrial Output Down 11.1% in May 2024 YOY, 1.7% in Jan-May 2024
07.12.2024
Romania’s industrial production shrank by 11.1% in May 2024 against the same month of 2023, in unadjusted data, amid declines registered by... more
-
Romania Average Net Salary Down 1.9% In May 2024 vs April 2024
07.12.2024
The average net salary in Romania went down by 1.9% (RON99) in May 2024 compared to April 2024, to RON5,118, data from the country’s statistics... more
-
Romania's Annual Inflation Keeps Downward Trend, Drops To 4.9% In June 2024
07.11.2024
Romania's annual inflation decreased to 4.9% in June 2024, compared to 5.1% in May 2024 and 5.9% in April 2024, data from the country's statistics... more
-
Statistics Board: Average Income Per Household in Romania at RON8,049 in Q1/2024, up 15.3% YOY
07.10.2024
The total monthly average income in Romania stood at RON8,049 per household in Q1/2024, up 7.3%, representing RON3,210 per person, 7% more than in... more
-
Romania’s Goods Trade Gap Widens by 11.1% in Jan-May 2024 To EUR12.2B YOY
07.10.2024
Romania’s goods trade deficit, namely the gap between goods exports and imports, widened in January-May 2024 by 11.1% year-on-year to EUR12.2... more
-
INS Upwardly Revises Romania’s Q1/2024 GDP Growth
07.08.2024
Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to... more
-
Statistics Board: Romania Retail Sales Grow 8% YoY In January-May 2024
07.05.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8% in unadjusted data and by 6.4% when... more
-
INS: Romania Industrial Production Prices Drop 1% YoY In May 2024
07.02.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 1% in May 2024 compared to May 2023,... more
-
Romania Unemployment Rate Edges Up To 5.4% Month-On-Month In May 2024
07.02.2024
Romania’s unemployment rate stood at 5.4% in May 2024, higher by 0.1 percentage point compared to April 2024, data from the country’s... more
-
INS: Romania Housing Permits Down 0.5% in Jan-May 2024
06.28.2024
Romania issued 14,050 housing construction permits in the first five months of 2024, down 0.5%. more
-
European Commission: Romania Does Not Meet Criteria For Joining Euro Area
06.26.2024
The European Commission published the 2024 Convergence Report on Wednesday in which it provides its assessment of the progress non-euro area member... more
-
Romania Moves To EU Minimum Wage
06.21.2024
The Government has approved the law on setting the EU adequate minimum wage. The bill will go to Romania’s Parliament next for expedited... more
-
Libra Internet Bank Sees Romania's GDP Growing 2.6%, Key Rate Falling To 6.25%, Annual Inflation Dropping To 4.5% In 2024
06.19.2024
Libra Internet Bank expects Romania's gross domestic product (GDP) to grow 2.6% in 2024, Lucian Anghel, the bank's deputy chief executive officer... more
![EBRD Grants EUR50M Financing To Support Small Businesses In Romania](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21217165/1/euro.jpg?width=198)
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more![A Third Of Romanians Expect Home Prices To Plunge Until Spring 2023](https://storage0.dms.mpinteractiv.ro/media/401/1561/19651/21214168/1/6bloc-87477219-l.jpg?width=198)
39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
more![OMV Petrom and CE Oltenia Set to Build Four Photovoltaic Parks in EUR400M Investment](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/21209983/1/3panouri-solare2-ss.jpg?width=198)
OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
more![European Commission Warns Romania About Lack Of Long-Term Strategy On Energy And Climate](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/21205199/1/1.jpg?width=198)
The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
more![Bucharest, Cluj and Timis Employ 70% Of Romanian IT Professionals](https://storage0.dms.mpinteractiv.ro/media/401/1561/19668/21214087/1/htec-group-002.jpg?width=198)
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
more![World Bank Says Fiscal Deficits Will Remain Elevated In Romania](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21216964/1/world-bank-web.jpg?width=198)
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
more![Deloitte: Banks’ Profitability To Decrease Over The Next Year](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21228622/1/grafic-calculator-publimedia-shutterstock.jpg?width=198)
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
more![Transelectrica Gets EUR424M For Development Of National Energy Infrastructure](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/21230159/1/electricitate-retea-victor-ciupuliga.jpg?width=198)
Romania’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 Savings![Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings](https://storage0.dms.mpinteractiv.ro/media/401/1561/19566/21220500/1/pusculita-bani-publimedia-shutterstock.jpg?width=198)
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.