Macroeconomics
Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growt...
Romania’s GDP Falls 3.9% YoY In 2020
Romania's gross domestic product (GDP) took an annual plunge of 3.9% in 2020, compared with 2019, which is better than previous forecasts, a flash estimate from the country’s statistics boar...
2020 Second Best Year for Construction Sector in a Decade
Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work increased by 15.9% year-on-year. The growt...
Romania's Current Account Deficit Widens to EUR10.98B in 2020
Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank data showed Monday.
Romania Seeks to Cap Public Debt at 55% of GDP in 2021
Romania's government has set a cap on the country's public debt at 55% of gross domestic product for 2021 under EU methodology.
Romania Freezes Public Sector Wages to Cut Budget Deficit to 7% in 2021
Romania's 2021 state budget bill targets a budget gap of around RON80 billion, around 7% of the country's gross domestic product, down from a deficit of 9.8% in 2020, based on a GDP growth p...
Romania's Annual Inflation Rate Hits 3% in January
Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's retail electricity market on January 1, data fro...
European Commission Sees Romania GDP Growth at 3.8% in 2021
Romania's gross domestic product is forecast to grow by 3.8% in real terms in 2021 and by 4% in 2022, the European Commission said in its Winter 2021 Economic Forecast released Thursday.
Romania Average Net Salary Grows 6.1% on Month in December
The average net salary in Romania grew 6.1% in nominal terms and 5.7% in real terms in December 2020 compared with November, to 3,620 lei (around EUR743), mainly due to end of year and holid...