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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Statistics Board: Romania Retail Sales Edge Down 0.9% YoY In September 2023
11.08.2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched down 0.9% in unadjusted data and grew by 0.7% when... more
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Erste Group: Romania Likely to Hit New 8% Inflation Peak in Jan-Feb 2024
11.07.2023
Erste Group, which owns BCR in Romania, has upwardly revised its Romania inflation estimate for 2024 amid stepped up inflationary pressures, now... more
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Moody’s Affirms Romania’s Baa3 Ratings, Keeps Stable Outlook
11.06.2023
International rating agency Moody’s Investors Service (Moody’s) has affirmed the Romanian Government's long-term Issuer and Senior Unsecured... more
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Romania Unemployment Rate Unchanged At 5.4% In September 2023
11.03.2023
Romania’s unemployment rate stood at 5.4% in September 2023, the same as in August 2023, data from the country’s statistics institute INS show... more
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Romania Industrial Production Prices Inch Down 0.4% in September YOY
11.02.2023
Industrial production prices dropped by 0.4% in September against the same period of 2022, as prices on the domestic market declined by 1%, while... more
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Romania Posts Budget Deficit Of RON56.46B, Or 3.55% Of GDP, YoY In January-September 2023
10.26.2023
Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP),... more
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CFA Romania Analysts Forecast Budget Gap of 5.8% in GDP, 6.86% Average Inflation, See Leu at 5.0607 Units/Euro in Next 12 Months
10.26.2023
Financial analysts part of CFA Romania association say the state budget gap estimated for 2023 will reach 5.8% in GDP, the highest value registered... more
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Coface Barometer: Risks Continue To Intensify; Inflation Remains Well Above Targets Set By Central Banks
10.24.2023
Over and above the risks that have already been mentioned many times, some of which continue to intensify (financial stability, social and... more
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Romania Private Lending Up 4.5% YoY To RON381.1B In September 2023
10.23.2023
Private lending in Romania grew by 4.5% in nominal terms (down 4% in real terms) to RON381.1 billion in September 2023 compared to September 2022,... more
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Sources: Government To Revise 2023 Economic Growth Forecast Downwards
10.17.2023
Romania’s government will revise the 2023 economic forecast downwards but stick with an over 2% growth, more optimistic than that of... more
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Romania's Current Account Deficit Shrinks To EUR13.7B YoY In January-August 2023
10.13.2023
Romania's current account balance posted a deficit of EUR13.7 billion in January-August 2023, lower than the EUR18.5 billion level reported in the... more
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Romania's Industrial Production Drops 5.8% YoY In August 2023
10.12.2023
Romania’s industrial production decreased by 5.8% in unadjusted data in August 2023 versus August 2022 due to drops reported for the electricity,... more
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Statistics Board Reconfirms Romania’s 1.7% GDP Growth YoY In H1/2023 To RON695B
10.12.2023
Romania's statistics board INS on Thursday (Oct 12) reconfirmed the country's gross domestic product (GDP) growth of 1.7% in real terms (in... more
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Romania Average Net Salary Inches Down 0.7% In August 2023 vs July 2023
10.12.2023
The average net salary in Romania decreased by 0.7% in nominal terms in August 2023 compared to July 2023, to 4,531 (EUR913), data from the... more
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Romania's Annual Inflation Rate Drops To 8.8% In September 2023
10.12.2023
Romania's annual inflation decreased to 8.8% in September 2023, after stagnating at 9.4% month-on-month in August 2023, data from the country's... more
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IMF Revises Romania’s Economic Growth Forecast Downwards To 2.2% In 2023
10.10.2023
The International Monetary Fund (IMF) predicts an economic growth of 2.2% for Romania in 2023, lower than in its previous spring projection of... more
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Romania’s Trade Deficit Shrinks 17.2% YoY To EUR18.2B In January-August 2023
10.10.2023
Romania's trade balance posted a deficit of EUR18.2 billion in January-August 2023, lower by 17.2% compared with January-July 2022 period, data... more
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Statistics Board: Average Income Per Household In Romania At RON6,910 In Q2/2023
10.05.2023
The total monthly average income in Romania stood at RON6,910 per household, in nominal terms, and at RON2,770 per person in Q2/2023, a decrease of... more
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International Monetary Fund "Encourages“ Romania To Ready New Tax Reforms
10.05.2023
An International Monetary Fund (IMF) mission, led by Jan Kees Martijn, has presented in Bucharest, on October 4, its preliminary findings regarding... more
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Statistics Board: Romania Retail Sales Edge Up 0.6% YoY In August 2023
10.04.2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched up 0.6% in unadjusted data and grew 1.1% when... 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.