Macroeconomics
Romania Unemployment Rate At 5.2% In November 2021
Romania's seasonally adjusted unemployment rate reached 5.2% in November 2021, the same level as compared to October 2021, data from the country's statistics board INS showed Monday.
Euro zone Inflation Hits New Record High, Rising 5% In Dec 2021
Euro zone inflation hit another record high, up 5% in December 2021, a sign that the economy is under renewed stress as surging coronavirus infections force governments to tighten restrictio...
Romania Forex Reserves Up to EUR40.4B End-December
Romania’s foreign reserves stood at EUR40.4 billion at the end of 2021, compared with EUR39.2 billion on November 30, central bank data showed on Monday.
Major Bets for Romania’s Economy In 2022
The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to gro...
Banca Transilvania Sees Romania’s Economy Growing 5.2% In 2022
Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts.
Romania VAT Revenue Up 36.2% YoY To RON72.79B In January-November 2021
Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1% share in gross domestic product (GDP), in...
Romania Posts Budget Gap Of 4.7% Of GDP In January-November 2021
Romania's general consolidated budget posted a deficit of RON55.98 billion in January-November 2021, or 4.70% of the gross domestic product (GDP), lower than RON84 billion, or 7.94% of GDP,...
Romania Private Lending Grows 14.6% YoY To RON321.9B In November 2021
Private lending grew by 14.6% in nominal terms to RON321.9 billion in November 2021 compared to November 2020, as local currency lending grew by 19% and foreign currency lending by 4.7% when...
CFA Analysts See Leu At 5.11 Units Vs Euro, Annual Inflation At 5.8% In Next 12 Months
Financial analysts expect the Romanian leu will depreciate to an average of 5.1145 units to the euro in the next 12 months, while inflation is seen averaging 5.8% during the same period, a m...