Macroeconomics
Romania Average Net Salary Drops 1.9% On Month In May 2021
The average net salary in Romania dropped 1.9% in nominal terms in May 2021 compared with April 2021, to 3,492 lei (around EUR708), data from the country's statistics board showed Monday.
Romania Posts Trade Deficit Of EUR8.8B In January-May 2021
Romania's trade balance posted a deficit of EUR8.8 billion in January-May 2021, higher by EUR1.4 billion compared with the first five months of 2020, data from the country's statistics board...
Romanian Leu Hits New All-Time Low At 4.9281 Versus Euro
The Romanian leu on Friday dropped to a fresh all-time low against the euro, as the central bank average reference rate stood at 4.9281 lei to the European currency.
INS Revises Up Romania’s GDP Growth To 2.9% In 1Q/2021 Vs. 4Q/2020 From 2.8%
Romania's gross domestic product grew 2.9% in real terms in the first quarter of 2021 compared with the fourth quarter of 2020, provisional (2) estimates from the country's statistics board...
C Banker: Romania's Public Debt Would Do Well to Stay Below 60%
Romania's public debt should stay below 60% of the gross domestic product, or even 55%, and the country's budget deficit should return to below 3% within a reasonable time frame,central bank...
Pandemic Development Brings Uncertainties and Risks to Inflation Outlook
Developments in the pandemic continue to generate considerable uncertainties and risks to the inflation outlook, at least in the short run, amid a considerable slowdown in vaccination and th...
EC Raises Romania's Economic Growth Forecast to 7.4% for 2021
The European Commission expects Romania's economy to grow 7.4% this year and 4.9% in 2022, following better than expected first quarter performance.
Romanian Central Bank Keeps Policy Rate on Hold
Romania's central bank on Wednesday decided to hold the benchmark interest rate at a record low of 1.25% a year, despite rising inflation.
Eurostat: Unemployment Rate In The EU Rises To 7.3% In May 2021
In May 2021, the euro area seasonally-adjusted unemployment rate stood at 7.9%, up from 7.5% in May 2020. At the same time, the EU unemployment rate was 7.3% in May 2021, up from 6.9% in May...