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 Industrial Production Prices Drop 3.3% In August 2023 vs August 2022 10.03.2023
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 3.3% in August 2023 compared to... more
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Romania Unemployment Rate Inches Down To 5.4% On Month In August 2023 10.02.2023
Romania’s unemployment rate stood at 5.4% in August 2023, lower by 0.1 percentage points than 5.5% in July 2023, data from the country’s... more
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Statistics Board: Foreign Direct Investment In Romania Hit EUR10.03B In 2022, Up 12% YoY 09.30.2023
Romania attracted foreign direct investments (FDI) totaling EUR10.03 billion in 2022, up 12% versus EUR8.9 billion in 2021, an analysis by the... more
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INS: Romania Building Permits Down 23% YoY In August 2023 09.30.2023
Romanian authorities issued 3,115 residential building permits in August 2023, 1.9% more than in July 2023 and 23% fewer than in August 2022, data... more
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Romania Posts Budget Deficit Of RON42B, Or 2.65% Of GDP, YoY In January-August 2023 09.29.2023
Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as... more
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CFA Romania Analysts Expect 7.58% Average Inflation Rate, See Leu at 5.0753 Units/Euro In Next 12 Months, Project 2.1% GDP Growth in 2023 09.28.2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0753 units/euro in... more
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EBRD Expects Romania Economy to Grow by just 1.8% in 2023, Way Below Initial Forecast 09.27.2023
Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was... more
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Romania Private Lending Up 5.5% YoY To RON378B In August 2023 09.25.2023
Private lending in Romania grew by 5.5% in nominal terms (down 3.6% in real terms) to RON378,75 billion in August 2023 compared to August 2022,... more
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ING Bank Revises Romania’s 2023 Economic Growth Forecast From 2.5% To 1.5% 09.22.2023
ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first... more
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INS: Romania Construction Works Up 15.8% YoY In July 2023 09.20.2023
The volume of construction works in Romania increased, in unadjusted data, by 15.8% in July 2023 compared to July 2022 and was up 15.9% when... more
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INS: Employment Rate For Working Age Population Hit 63% In Q2/2023, Higher By 0.1 Percentage Points Vs Q1/2023 09.15.2023
The employment rate for the working age population (15-64 years) was 63% in the second quarter of 2023, increasing by 0.1 percentage points... more
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Romania's Current Account Deficit Contracts To EUR11.89B YoY In January-July 2023 09.13.2023
Romania's current account balance posted a deficit of EUR11.89 billion in January-July 2023, lower than the EUR15.2 billion level reported in the... more
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Romania's Industrial Production Drops 6.2% YoY In July 2023 09.13.2023
Romania’s industrial production decreased by 6.2% in unadjusted data in July 2023 versus July 2022 due to drops reported for the electricity,... more
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Romania's Annual Inflation Rate Stays Put At 9.4% In August 2023 09.13.2023
Romania's annual inflation stagnated at 9.4% in August 2023, a level similar with the one reported in July 2022, data from the country's statistics... more
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Romania Average Net Salary Edges Down 0.8% In July 2023 Vs June 2023 09.12.2023
The average net salary in Romania decreased by 0.8% in nominal terms in July 2023 compared to June 2023, to 4,565 (EUR920), data from the country's... more
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Statistical Data: 32,077 Housing Units Put Into Use In Romania In H1/2023 09.11.2023
A total 32,077 housing units were put into use in Romania in the first half of 2023, 494 fewer units than in the same period of 2022, data from the... more
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Statistics Board: Net Investments In Romania Overshoot RON70B YoY In H1/2023 09.11.2023
Net investments in Romania’s economy totaled RON70.051 billion in the first half of 2023, up 13.5% versus the same period of 2022, data from the... more
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Romania’s Trade Deficit Shrinks 17% YoY To EUR15.6B In Jan-July 2023 09.11.2023
Romania's trade balance posted a deficit of EUR15.6 billion in January-July 2023, lower by 17% compared with January-July 2022, data from the... more
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Romania’s Economy Grows 1.7% YoY In H1/2023 09.07.2023
Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of... more
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Statistics Board: Romania Retail Sales Edge Up 0.7% YoY In July 2023 09.06.2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched up 0.7% in unadjusted data and grew 1.2% 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.