Romania Posts Current Account Gap of EUR8.778B in Jan-Oct

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.

EBRD Grants EUR50M Financing To Support Small Businesses In Romania EBRD Grants EUR50M Financing To Support Small Businesses In Romania

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 A Third Of Romanians Expect Home Prices To Plunge Until Spring 2023

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 OMV Petrom and CE Oltenia Set to Build Four Photovoltaic Parks in EUR400M Investment

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 European Commission Warns Romania About Lack Of Long-Term Strategy On Energy And Climate

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 Bucharest, Cluj and Timis Employ 70% Of Romanian IT Professionals

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 World Bank Says Fiscal Deficits Will Remain Elevated In Romania

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 Deloitte: Banks’ Profitability To Decrease Over The Next Year

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 Transelectrica Gets EUR424M For Development Of National Energy Infrastructure

Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of

more

Analysis

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

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.