Macroeconomics
Romania’s VAT Collections Hit Record High, Of RON36B, In 1H/2021
Romania’s value-added tax (VAT) collections stood at RON36 billion in the first half of 2021, a record high in nominal terms, according to the budget execution released by the finance minist...
Romania's Budget Gap Reaches 2.96% Of GDP In January-June 2021
Romania's general consolidated budget posted a deficit of RON33.81 billion in January-June 2021, or 2.96% of the gross domestic product, lower than RON45.17 billion, or 4.28% of GDP, in the...
CFA Analysts See Leu At 5.02 Units Vs Euro In Next 12 Months, Inflation At 4.11%
Financial analysts expect the Romanian leu will depreciate to an average of 5.0261 units to the euro in the next 12 months (June 2021-June 2022), while inflation is seen averaging 4.11% duri...
Romania Private Lending Grows 1.4% on Month in June
Private lending grew by 1.4% in nominal terms and 1.1% in real terms to RON300.3 billion in June compared with May, central bank data showed Wednesday.
Household Debt Up 4.26%, Corporate Debt Up 4.35% YoY in Q1
Romanian households’ debt reached about RON172.4 billion (EUR35.2 billion) at the end of the first quarter of 2021, an increase of about 4.26% on the year-ago period, while corporate debt ro...
Romanian Leu Touches New All-Time Low At 4.9283 Versus Euro
The Romanian leu dropped to a fresh all-time low against the euro on Wednesday (July 14), as the central bank average reference rate stood at 4.9283 lei to the European currency.
Romania Current Account Gap Widens To EUR5.94B In January-May 2021
Romania's current account balance posted a deficit of EUR5.947 billion in the first five months of 2021, compared with a deficit of EUR3.207 billion in the same period in 2020, central bank...
Romania Industrial Production Grows 16.9% YoY In January-May 2021
Romania’s industrial production increased by 16.9% as gross series in the first five months of 2021 compared to the same period in 2020, and by 17.5% as series adjusted by number of working...
Romania's Annual Inflation Rate Climbs To 3.9% In June 2021
Romania's annual inflation rate grew to 3.9% in June 2021, higher by 0.3% from 3.8% in May 2021, data from the country's statistics board showed Tuesday.