Macroeconomics
CFA Analysts Expect GDP Growth Of 4.1% In 2022, See Leu At 5.04 Units/Euro, Annual Inflation At 10% In Next 12 Months
Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.04 units to the euro in the next 12 months, while the annual inflation is se...
Romania Budget Gap Shrinks To 2.4% Of GDP In January-August 2022
Romania’s general consolidated budget posted RON32.98 billion deficit in the first eight months of 2022, lower than the RON39.36 billion level reported in the year-ago period, in line with f...
IMF Revises Upwards Romania’s GDP Growth Forecast To 4.8% In 2022
The International Monetary Fund (IMF) has revised upwards its forecast on Romania’s economic growth to 4.8% for 2022, from a previous projection of 3.5% in summer.
Romania Private Lending Growth Slows Down to 15.9% YoY in August
Private lending in Romania grew by 15.9% in August 2022 compared with August 2021 to RON359 billion, as local currency lending increased by 16.8% and foreign currency lending expressed in le...
Romania Construction Works Up 6.8% YoY In July 2022
The volume of Romanian construction works increased, in unadjusted data, by 6.8%, in July 2022 as compared to July 2021, and by 8.2% when adjusted to the number of working days and to season...
Romania Unemployment Rate at 5.3% in 2Q/2022
Romania’s unemployment rate stood at 5.3% in the second quarter of 2022, down 0.7% from 1Q/2022, in line with data from the country’s statistics board INS.
Romania Industrial Production Drops 1.3% YoY In January-July 2022
Romania’s industrial production fell by 1.3% in unadjusted data in January-July 2022 versus the same period of 2021 and by 2.2% when adjusted for seasonality and number of working days, data...
Romania Current Account Deficit Widens To EUR14.9B YoY In Jan-July 2022
Romania's current account balance posted a deficit of EUR14.9 billion in January-July 2022, higher by 63% than EUR9.1 billion reported in the same period in 2021, central bank data published...
Romania Average Net Salary Inches Down 0.1% In July 2022 Vs Previous Month
The average net salary in Romania decreased by 0.1% in nominal terms in July 2022 compared with June 2022, to 3,975 lei (EUR811), data from the country's statistics board INS showed on Monda...