Macroeconomics
Romania’s Trade Deficit Widens To Record High Of EUR34B YoY In 2022
Romania's trade balance posted a deficit of EUR34.09 billion in 2022, higher by EUR10.4 billion (+44%) compared with 2021, data from the country's statistics board INS showed on Thursday (Fe...
(P) GlobalLogic Successfully Completes Fortech Acquisition. Fortech is now officially operating as a wholly owned subsidiary of GlobalLogic
Cluj-Napoca, Romania, February 7, 2022 – GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced that it has completed the acquisition of Fortech, a leadin...
Erste Group Revises Romania’s Year-End Inflation Forecast Down To 8%
Austria’s financial group Erste has revised its forecast on Romania’s annual inflation rate down to 8% by end-2023, versus 8.7% in its previous forecast, after the rate touched a record high...
Romania Retail Sales Grow 7.5% On Month In Dec 2022
Retail sales in Romania, excluding vehicle sales, increased by 7.5% in unadjusted data in December 2022 compared to November 2022 and by 1.4% when adjusted for seasonality and number of work...
Romania Industrial Production Prices Soar 32.8% YoY In December 2022
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 32.8% in December 2022 compared to December 2021, data from Romania's statistics b...
INS: Romania Building Permits Down 14.9% YoY In 2022
Romanian authorities issued 43,660 residential building permits in 2022, 14.9% fewer than in 2021, as per data from the country’s statistics board INS.
Romania Unemployment Rate Rises To 5.6% In December 2022
Romania’s unemployment rate stood at 5.6% in December 2022, higher by 0.2 percentage points than 5.4% in November 2022, data from the country’s statistics institute INS shows on Wednesday (F...
Romania Posts Budget Deficit of RON81B in 2022
Romania’s consolidated budget posted RON81 billion deficit in 2022, higher than the RON80 billion of 2021, Finance Ministry data show.
INS: Romanian Execs Predict Stability In Staff Numbers In Manufacturing And Services Sectors In Jan-March 2023
Romanian business managers expect relative stability of activity and in the number of employees in manufacturing and services sectors, alongside robust price increases in retail trade, in li...