Macroeconomics
Statistics Board Reconfirms Romania’s 7.1% GDP Growth For January-September 2021
Romania’s statistics board INS on Tuesday (Dec 7) reconfirmed the country’s economic growth at 7.1% in real terms (in unadjusted data) for the first nine months of 2021, which was mainly bac...
OTP Bank Sees Romania’s Economy Growing By 7.2% In 2021
Romania’s economy significantly slowed down its growth rate in the third quarter of 2021 and a slight recession is possible in the fourth quarter of 2021, in the context in which the economy...
Romania Industrial Production Prices Surge 26.8% YoY In October 2021
Industrial production prices for the domestic and non-domestic markets grew by 6.3% in October 2021 versus September 2021 and by 26.8% in October 2021 versus October 2020, data from Romania’...
Romania Unemployment Rate At 5.3% In October 2021
Romania's seasonally adjusted unemployment rate reached 5.3% in October 2021, the same level as compared to September 2021, data from the country's statistics board INS showed Thursday.
Romania Posts Budget Gap Of 4.03% Of GDP In January-October 2021
Romania's general consolidated budget posted a deficit of RON47.98 billion in January-October 2021, or 4.03% of the gross domestic product (GDP), lower than RON74.04 billion, or 7.01% of GDP...
Romania Private Lending Grows 13.5% YoY To RON316B In October 2021
Private lending grew by 13.5% in nominal terms to RON316 billion in January-October 2021, compared to the same period in 2020, as local currency lending grew by 18% and foreign currency lend...
Prognosis Commission Sees Jobless Rate Down To 5.1%, Staff Numbers Up 2%, Average Net Wage Up 8.9%
Romania’s national commission for prognosis and statistics has revised upwards its forecast on the monthly average net salary for 2022 expecting an increase of 8.9%, compared to an average n...
Eurostat: Romania Posts Highest GDP Growth In The EU YoY In 3Q/2021
Romania had the biggest economic growth in the European Union in the third quarter of 2021, with a year-over-year increase of 8% in seasonally adjusted data, considering that the EU average...
Banca Comerciala Romana Cuts Romania’s 2021 GDP Growth Forecast To 6.4%
Lender Banca Comerciala Romana has lowered its economic growth projection for Romania to 6.4% in 2021, versus 7.4% previously, after the country’s statistics board INS revised its GDP data o...