Macroeconomics
Prognosis Commission Sees Romania’s Economy Growing 2.8% In 2023, Inflation Dropping To 8% At End-2023
The National Commission for Strategy and Prognosis (CNSP) said in its winter forecast that it expects a slowdown in Romania’s economic growth to 2.8% in 2023 and a significant decline in the...
CFA Analysts Expect 10.2% Inflation, See Leu At 5.06 Units/Euro In Next 12 Months
Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.0636 units to the euro in the next 12 months, while the annual inflation is...
Romania Private Lending Grows 12% YoY In December 2022
Private lending in Romania grew by 12.1% in nominal terms (-3.6% in real terms) in December 2022 versus December 2021 to RON363.59 billion, as local currency lending increased by 6.6% (+8.4%...
INS: Romania Construction Works Up 20.3% YoY In November 2022
In November 2022, the volume of construction works in Romania rose, in unadjusted data, by 20.3% compared to November 2021 and was up 20% when adjusted to the number of working days and to s...
PwC: Confidence In Global Economic Growth Hits 12-Year Low
The vast majority (73%) of Chief Executive Officers (CEOs) expect the global economy to shrink in 2023, according to the PwC CEO Survey.
Romanians Spent EUR6.5B on Vacations Abroad in Jan-Nov 2022
Romanians spent EUR6.5 billion on vacations abroad in the first eleven months of last year, and the whole-year spending will most likely overshoot the EUR7 billion mark, ZF has calculated fr...
INS: Romania's Electricity Consumption Drops 5.9% YoY In Jan-Nov 2022
Romania's final electricity consumption reached 47 billion kilowatt-hours (kWh) in January-November 2022, lower by 6.8% year-over-year, while the final electricity consumption in the local e...
2022, Best Year For Foreign Direct Investment In Romania
The net flow of foreign direct investment (FDI) stood at EUR10.2 billion in January-November 2022, Romania’s central bank said in its latest statement.
Romania Current Account Deficit Widens To EUR25B YoY In January-November 2022
Romania's current account balance posted a deficit of EUR25.34 billion in January-November 2022, higher by almost EUR10 billion than EUR15.66 billion in the same period of 2021, central bank...