Macroeconomics
Romanian Central Bank Sees No Further Rate Cuts
Romania's central bank governor Mugur Isarescu said the central bank would not be reducing the monetary policy rate further and was ready to ensure the flexibility of its inflation target co...
Romania's Current Account Deficit Quadruples YoY To EUR1.62 Billion In January-February 2021
Romania's current account balance posted a deficit of EUR1.627 billion in January-February 2021, quadruple from a deficit of just EUR431 million in the first two months of 2020, central bank...
Romania’s Annual Inflation Rate Drops To 3.05% In March 2021
Romania's annual inflation rate inched down to 3.05% in March 2021 from 3.16% in February 2021, data from the country's statistics board showed Tuesday.
Romania Average Net Salary Drops 0.9% On Month In February 2021
The average net salary in Romania fell 0.9% in nominal terms in February 2021 compared with January 2021, to 3,365 lei (around EUR683), data from the country's statistics board showed Monday...
Romania Posts Trade Deficit of EUR3.07B in Jan-Feb
Romania's trade balance posted a deficit of EUR3.07 billion in the first two months of 2021, higher by EUR456 million compared with the first two months of 2020, data from the country's stat...
Romania Real GDP Contraction Reconfirmed at 3.9% in 2020
Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, a second reading from the country's statistics board confirmed Thursday.
From 2010 to 2020 – this time the bank is the good guy
Right now, Romania is performing better than most European peers in managing the pandemic, hence it avoided the lockdown for the first quarter of 2021. The National Institute for Statistics...
IMF Revises Upwards Romania’s GDP Growth Forecast To 6% In 2021
The International Monetary Fund (IMF) on Tuesday revised upwards its forecast on Romania’s economic growth to 6% in 2021, from a previous projection of 4.6% in its October 2020 report.
Romania Unemployment Rate Inches Up to 5.7% in February
Romania's seasonally adjusted unemployment rate grew to 5.7% in February from 5.6% in January, data from the country's statistics board showed Tuesday.