Macroeconomics
Romania’s Annual Inflation Rate At 15.3% In August 2022
Romania's annual inflation rate jumped to 15.3% in August 2022 as compared to August 2021, data from the country's statistics board INS showed on Monday (September 12).
Erste Group Revises Romania’s 2022 GDP Growth Forecast Up To 6%
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised upwards its forecast on Romania’s economic growth to 6% in 2022, from a previous projection of 5.1%.
Net Investments in Romania Down 0.8% in 1H/2022 To EUR57.2B
Net investments in Romania’s economy in the first half of 2022 went down by 0.8%, to RON57.2 billion, amid the decline of the other expenses category, by 15.4%, and of the machinery segment,...
Romania Trade Gap Hits EUR18.7B in Jan-July 2022, Up EUR5.8B YOY
Romania in the first seven months of 2022 exported goods worth EUR52.6 billion, up 24%, while imports reached EUR71.4 billion, 29% more than in the year-earlier period, generating a EUR18.7...
Statistics Board Reconfirms Romania’s 5.8% GDP Growth In 1H/2022
Romania’s statistics board INS has reconfirmed the country’s economic growth at 5.8% both in unadjusted data and in seasonally adjusted data for the first half of 2022 as compared with the s...
Romania Industrial Production Prices Up 52.3% in July 2022 vs July 2021
Industrial production prices, a key indicator in gauging inflation, in July 2022 rose by 5.2% on the month and by 52.3% compared to July 2021, both on the domestic market and for the foreign...
Number of Residential Construction Permits Down 9.4% in Jan-July
The number of construction permits for residential buildings shrank by 9.4% to 26,577 in January-July and the decline was recorded in all regions of Romania, National Statistics Institute da...
Romania Budget Revenues Increase by 22% in Jan-July 2022
The revenues of the general consolidated budget stood at RON258 billion in January-July 2022, an increase of 22% on the year-ago period. Expenses stood at RON285 billion, an increase of 16%,...
Romania-Germany Trade up to EUR18.4B in H1
The volume of trade between Germany and Romania continues its upward trend in the first half of 2022, reaching EUR18.4 billion, 12.3% above the year-ago period, the latest figures from the F...