Macroeconomics
Romania's GDP Contraction Confirmed at 3.9% in 2020
Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, breakdown data from the country's statistics board confirmed Tuesday.
Romania Posts 0.3% Budget Gap in January
Romania's general consolidated budget posted a deficit of RON3.69 billion in January, or 0.33% of the gross domestic product, finance ministry data showed Wednesday.
Romanian Parliament Adopts 2021 State Budget
Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen...
Romania Forex Reserves Drop to EUR35.139B in February
Romania's foreign exchange reserves fell to EUR35.139 billion at the end of February from EUR37.454 billion at the end of January, central bank data showed Monday.
Erste Group Sees Romania’s Economy Growing 4.2% In 2021
Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estima...
Romania's Public Debt Hit 47.7% of GDP in 2020, at RON498.3B
Romania's public debt reached RON498.3 billion at the end of 2020, accounting for 47.7% of the gross domestics product, compared with 35.3% of GDP in 2019, finance ministry data showed Wedne...
Analysts See Leu at 4.97 to the Euro in Next 12 Months
Most analysts polled by CFA Romania (88%) estimate the leu at an average of 4.97 units to the euro over the next 12 months and see inflation at 2.58% over the same forecast horizon.
Romania Could Adopt Euro in 2027-2028, PM Says
Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening.
AmCham: 2021 Budget Law Should Include Concrete Measures To Increase Fiscal Revenue Collection
The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct expenditures and an increase in investments.