Macroeconomics
INS: Romania Building Permits Down 13.3% YoY In January-November 2022
Romanian authorities issued 40,969 residential building permits in January-November 2022, 13.3% fewer than in the same period of 2021, data from the country’s statistics board INS showed on...
Eurostat: Romania Ranks Third In The EU By Industrial Production Price Increases
Industrial production prices increased by 44.8% in Romania in November of 2022 versus the same period of 2021, placing the country third in the European Union, with higher increases recorded...
Analysis: 2023 Seen As Challenging Year For Global Economy
2023 is expected to be a challenging year as the energy crisis continues to affect Europe, inflation will remain high until 2024, and the scenario of an economic recession seems imminent.
Romania Industrial Production Prices Soar 35% YoY In November 2022
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 35.1% in November 2022 compared to November 2021, data from Romania's statistics b...
Banca Transilvania Sees Romania’s Economy Growing 2.4% In 2023 And 3.7% In 2024
Banca Transilvania, Romania’s largest lender by assets, has revised its forecast on the evolution of Romania’s economy and sees the country’s GDP growth tempering at 4.6% in 2022 and at 2.4%...
Romania Finance Ministry Approves RON2.8B State Aid In 2022 For 65 Investment Projects
In 2022, Romania’s finance ministry has approved financial state aid worth RON2.8 billion for 65 investment projects that will generate more than 9,500 new jobs, the ministry announced on Fr...
Romania Posts Budget Deficit Of RON58.70B In January-November 2022
Romania’s general consolidated budget posted a deficit of RON58.70 billion in the first eleven months of 2022, Finance Ministry data showed.
Budget Revenue Growth Slows Down in Jan-Nov
The consolidated budget revenue growth slowed down in November, the budget execution report of the Finance Ministry shows.
CFA Romania Expects Inflation To Stay In Double-Digit Territory In 2023, Leu To Reach 5.1 Units/Euro
Financial analysts part of CFA Romania estimate the Romanian currency will decline to an average exchange rate of 5.1021 unit per euro in the next 12 months, while the estimated inflation ra...