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Unicredit: Romania GDP Growth To Moderate At Just 3.9% In 2018; Inflation May Fall To 4.1% End-2018
Macroeconomics

Unicredit: Romania GDP Growth To Moderate At Just 3.9% In 2018; Inflation May Fall To 4.1% End-2018

Romania’s economic growth will moderate at just 3.9% in 2018, from 6.9% in 2017, a trend that will also be kept in 2019, while the inflation rate probably peaked at 5.6% in June and will shr...

Ecaterina Craciun · 10.07.2018 · 17:05 · 2 min
Romania Inflation Rate Hits Fresh Five-Year High Of 5.4% In May 2018
Macroeconomics

Romania Inflation Rate Hits Fresh Five-Year High Of 5.4% In May 2018

Romanian consumer prices accelerated further in May 2018, reaching an annual inflation rate of 5.4%, the highest level since 2013, data from the country's statistics board INS showed Tuesday...

Ecaterina Craciun · 12.06.2018 · 10:13 · 1 min
Romania Inflation Rate Hits Five-Year High Of 5.2% In April 2018
Macroeconomics

Romania Inflation Rate Hits Five-Year High Of 5.2% In April 2018

Romanian consumer prices accelerated further in April 2018, reaching an annual inflation rate of 5.2%, the highest level since April 2013, data from the country's statistics board INS showed...

Ecaterina Craciun · 14.05.2018 · 09:56 · 1 min
Romania Central Bank Raises 2018 Inflation Forecast to 3.6% from 3.5%
Banks-Insurance

Romania Central Bank Raises 2018 Inflation Forecast to 3.6% from 3.5%

Romania's central bank on Wednesday raised its year-end inflation forecast to 3.6% from a previous projection of 3.5% but kept its end-2019 inflation forecast at 3%.

Oana Gavrila · 09.05.2018 · 13:00 · 1 min
BCR, BRD, CEC Bank And Raiffeisen Keep Leu Deposit Interests Low Despite Rising Key Rate and Inflation
Banks-Insurance

BCR, BRD, CEC Bank And Raiffeisen Keep Leu Deposit Interests Low Despite Rising Key Rate and Inflation

The raise of the key rate three times this year to 2.5% and the upward inflation trend are not pressuring bankers to raise deposit interests. Some large banks are keeping interests for leu d...

Loredana Frățilă-Cristescu · 09.05.2018 · 11:11 · 1 min
Forecast Commission Revises Up Exchange Rate, Inflation, Current Account Deficit
Macroeconomics

Forecast Commission Revises Up Exchange Rate, Inflation, Current Account Deficit

Romania's National Forecast Commission has revised its forecast for the 2018 exchange rate to RON4.65 to the euro in its spring prognosis from RON4.59 in the winter prognosis. It also revise...

Oana Gavrila · 30.04.2018 · 16:10 · 1 min
Bank Deposit Holders Worst Hit By Inflation Rise To 5%
Macroeconomics

Bank Deposit Holders Worst Hit By Inflation Rise To 5%

The annual inflation rate reached 5% in March, the highest rate in the past six years. It went up by 0.3% compared with February, according to the National Statistics Institute data.

Loredana Frățilă-Cristescu · 13.04.2018 · 10:20 · 2 min
Romania Inflation Rate Hits Six-Year High Of 5% In March 2018
Macroeconomics

Romania Inflation Rate Hits Six-Year High Of 5% In March 2018

Romanian consumer prices accelerated further in March 2018, to an annual rate of 5%, from an annual rate of 4.7% in February, which is the highest level in six years, data from the country's...

Ecaterina Craciun · 12.04.2018 · 10:23 · 1 min
UniCredit: Government May Try To Keep Budget Deficit Under Control By Cutting Investments, Hiking Taxes
Banks-Insurance

UniCredit: Government May Try To Keep Budget Deficit Under Control By Cutting Investments, Hiking Taxes

Romania’s economic growth could moderate at 4.4% in 2018, compared with 6.9% in 2017, and at 3.6% in 2019, as the Finance Ministry could apply a tighter fiscal policy, attempting to keep the...

Ecaterina Craciun · 11.04.2018 · 17:38 · 1 min