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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INS: Romania Building Permits Down 5.2% YoY In December 2023
02.02.2024
Romanian authorities issued 2,550 residential building permits in December 2023, 5.6% fewer than in November 2023 and 5.2% fewer than in December... more
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Romania Unemployment Rate Stays Put At 5.4% Month-On-Month In December 2023
02.01.2024
Romania’s unemployment rate remained unchanged at 5.4% in December 2023 compared to November 2023, data from the country’s statistics institute... more
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Statistics Board: Romanian Managers Expect Stable Economic Activity In January-March 2024
01.29.2024
Romanian executives forecast a period of relative stability in manufacturing industry, retail trade and services, in parallel with a moderate... more
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Moneycorp: More Than Half Of Businesspeople Believe Romania's Economy Will Enter Technical Recession In 2024
01.29.2024
Businesspeople look with concern at the prospects of 2024, against the background of the increase in operational costs and the evolution of... more
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CFA Analysts Forecast 5.78% Inflation, Expect Leu to Reach 5.0781 Units Per Euro in Next 12 Months
01.29.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0781 units/euro in the... more
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Romania Private Lending Up By 6.4% YoY To RON387B In December 2023
01.23.2024
Private lending in Romania kept going up slightly in December 2023, seeing an increase of 6.4% in nominal terms (down 0.2% in real terms) to RON387... more
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Statistics Board: Romania Had Lowest Prices For Food And Non-Alcoholic Drinks In The EU In 2022
01.22.2024
Romania and Bulgaria recorded the lowest prices for consumer goods and services among European Union Member States in 2022, being 41% below the EU... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’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 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.