Macroeconomics
Three-Month ROBOR Climbs to 7.71% A Year on July 27, 2022
The three-month ROBOR, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, went up to 7.71% a year on July 27, 2022, f...
CFA Analysts Improve Economic Growth Forecast to 3.6% for 2022, But Expect Leu at 5.11 Units/Euro in 12 Months and 11% Inflation
Financial analysts part of CFA Romania association forecast the Romanian leu will decline to an average exchange rate of 5.1121 units/EUR in the next 12 months, while the estimated rate of i...
Romania’s Central Bank: Private Consumption up in Q2
Private consumption increased in the second quarter of 2022 compared with the year-ago period, while investments followed a downward trend, which makes a decisive impact on the decline of th...
Romania’s Central Bank: Inflation Rate to Rise until Mid Q3, 2022, Though Slower
The annual inflation will increase until the middle of the third quarter of 2022, yet at a visibly slower pace, Romania’s central bank monetary policy meeting minutes show.
Romania’s Public Debt up to over RON600B in April
Romania’s public debt, in both lei and foreign currency, increased to more than RON600 billion in April 2022 from RON594 billion in March and to 49.2% of the GDP, Finance Ministry data show.
Romania Construction Works Rise by 16.7% In May 2022 Vs Previous Month
Construction works increased by 16.7% in May 2022 against April 2022 in gross series, whole in adjusted series there was a 4.6% advance, in line with data from the country’s statistics board...
European Commission Sees Romania’s Economic Growth at 3.9% in 2022
Romania’s economy is expected to grow by 3.9% in 2022 and by 2.9% in 2023, the European Commission said in its summer economic forecast.
Romania Current Account Deficit Widens To EUR10.2B YoY In Jan-May 2022
Romania's current account balance posted a deficit of EUR10.2 billion in January-May 2022, higher by 80% than EUR5.69 billion reported in the same period in 2021, central bank data showed on...
Romania Industrial Production Inches Down 0.8% YoY In January-May 2022
Romania’s industrial production decreased by 0.8% in unadjusted data in January-May 2022 compared to the same period in 2021 and was down 2.4% when adjusted for seasonality and number of wor...