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 Posts Budget Deficit Of RON81B, Or 4.57% Of GDP, YoY In January-August 2024
09.27.2024
Romania’s general consolidated budget posted a deficit of RON81 billion in January-August 2023, or 4.57% of gross domestic product (GDP), which... more
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EBRD Expects Romania's Economy To Grow By Just 1.4% In 2024, Way Below Its May Forecast Of 3.2%
09.26.2024
The European Bank for Reconstruction and Development has downwardly revised its forecast for Romania’s economic growth in 2024, to only 1.4%,... more
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Statistics Board: Average Monthly Labor Cost At RON7,374/Employee In 2023
09.26.2024
The average gross monthly earnings registered at the level of the national economy in 2023 were RON7,042, higher by 15.0% (+RON916) than the... more
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Fiscal Council Sees Romania Ending 2024 With 8% Cash Budget Deficit
09.23.2024
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In The EU For 6th Consecutive Month
09.18.2024
Romania is the country with the highest inflation rate among the European Union member countries, for the sixth consecutive month, after reporting... more
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Fitch Ratings Sees Romania's Budget Deficit Reaching 7% Of GDP In 2024, The Highest In The European Union
09.18.2024
Romania will have a budget deficit of 7% of gross domestic product (GDP) in 2024, which will be the highest in the European Union, analysts of... more
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Statistics Board: Romanian Construction Works Down 2.7% YoY In January-July 2024
09.18.2024
The volume of construction works in Romania decreased, in unadjusted data, by 2.7% in January-July 2024 and by 2.5% when adjusted for the number of... more
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CFA Romania Analysts Forecast 4.95% Inflation Rate for Next 12 Months, See Leu at 5.0735 Units/Euro
09.16.2024
Financial analysts part of CFA Romania Association anticipate a 4.95% inflation rate for the next 12 months (August 2025), higher than they... more
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INS: Employment Rate For Working Age Population Hit 64.4% In Q2/2024, Higher By 0.2 Percentage Points vs Q1/2024
09.13.2024
In the second quarter of 2024, the employment rate for the working age population (15-64 years) was 64.4%, increasing by 0.2 percentage points... more
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Statistics Board: Romania's Industrial Production Edges 0.2% Higher YoY In July 2024
09.13.2024
Romania’s industrial production inched up 0.2% in unadjusted data in July 2024 versus July 2023 but fell 3.9% when adjusted for seasonality and... more
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Romania's Current Account Deficit Widens To EUR15B In January-July 2024
09.13.2024
Romania's current account deficit stood at EUR15 billion in January-July 2024, compared with EUR11.3 billion reported in the same period of 2023,... more
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Romania Average Net Salary Up 1.3% In July 2024 vs June 2024
09.12.2024
The average net salary in Romania increased by 1.3% in nominal terms in July 2024 compared to June 2024, to 5,242 (EUR1,054), data from the... more
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Statistical Data: 25,936 Housing Units Put Into Use In Romania In H1/2024, 19% Fewer YoY
09.11.2024
A total 25,936 housing units were put into use in Romania in the first half of 2024, fewer by 6,141 units (-19%) than in the same period of 2023,... more
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Statistics Board: Net Investments In Romania Up 5.6% YoY To RON80.2B In H1/2024
09.11.2024
Net investments in Romania’s economy totaled RON80.2 billion in the first half of 2024, up 5.6% year-over-year, with the bulk of the mount going... more
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Romania's Annual Inflation Drops To 5.1% In August 2024
09.11.2024
Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the... more
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Romania’s Trade Deficit Widens 15.6% YoY To EUR18B In January-July 2024
09.09.2024
Romania's trade balance posted a deficit of EUR18.03 billion in January-July 2024, higher by 15.6% compared to the same period of 2023, data from... more
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BCR Revises 2024 Economic Forecast For Romania Downwards
09.06.2024
BCR, the second largest bank in Romania, has revised its 2024 economic growth forecast for the country to 1.9% from 2.6%, as previously stated. The... more
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Statistics Board Confirms Romania's Economic Growth Of Just 0.7% YoY In H1/2024
09.06.2024
Romania's economy edged 0.7% higher, in unadjusted data, and grew by 1.5% in seasonally adjusted data, in the first half of 2024 compared to the... more
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Statistics Board: Romania Retail Sales Grow 8.1% YoY In January-July 2024
09.05.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when... more
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Statistics Board: Romania Industrial Production Prices Up 2.6% YoY In July 2024
09.03.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 2.6% in July 2024 compared to July 2023, data... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.