Macroeconomics
Romania Budget Deficit up 7% in Jan-March
Romania’s general consolidated budget increased by 7% to RON15.7 billion in the first three months of 2022 compared with the year-ago period, the Finance Ministry announced on Wednesday.
Romania Private Lending Grows 15.7% YOY to RON336.1B in March 2022
Private lending in March expanded by 15.7% from the year-earlier period, to RON336.1 billion, after local currency lending increased by 20% and foreign currency lending by 5.6% when expresse...
Romania Construction Works Up 8.4% YoY In January-February 2022
The volume of Romanian construction works increased, in unadjusted data, by 8.4%, in January-February 2022 as compared to the same period of 2021, and by 5.9% when adjusted to the number of...
Romania Unemployment Rate At 5.6% In 2021 Vs 6.1% In 2020
Romania’s unemployment rate stood at 5.6% in 2021, lower than 6.1% in 2020, data from the country’s statistics institute INS shows on Wednesday (April 20).
IMF Cuts Romania's 2022 GDP Growth Forecast To 2.2%
The International Monetary Fund (IMF) has lowered its economic growth projection for Romania to 2.2% for 2022 from a previous projection of 4.8% made in October 2021, the Fund said in the Ap...
Analysts Expect Central Bank To Raise Key Rate To At Least 4.25%, See Annual Inflation At 8.03% In Next 12 Months
Financial analysts expect Romania’s central bank to increase its benchmark interest rate to at least 4.25%, the national currency to depreciate to an average of 5.082 units to the euro and t...
S&P Affirms Romania's Sovereign Rating At BBB-; Outlook Stable
International rating agency Standard&Poor’s (S&P) has affirmed Romania's sovereign rating at BBB-, in line with the other two major rating agencies and just above the investment grade lower...
Analysts See Romania’s Annual Inflation Rate Ranging Between 8% To 10% At End-2022
Half of the local financial-banking analysts expect Romania's annual inflation rate to range between 8% and 10% at the end of 2022 and 35% expect an inflation rate above 10%, as per a survey...
Romania Current Account Deficit Widens To EUR2.25B YoY In Jan-Feb 2022
Romania's current account balance posted a deficit of EUR2.25 billion in January-February 2022, higher by 60% than EUR1.4 billion reported in the same period in 2021, central bank data showe...