Macroeconomics
BT Analyst: Romania’s GDP May Grow 2.5% In 2020-2022 Due To 6.7% Increase In Productive Investments
Romania’s economy may see an annual average growth of 2.5% between 2020 and 2022, backed by a 6.7% increase in productive investments, against the backdrop of a favorable evolution in 2019,...
Romania's GDP Contraction Revised to 5.7% on Year in 3Q/2020
Romania's gross domestic product fell 5.7% on the year in both nominal and real terms in the third quarter, a second reading from the country's statistics board showed Tuesday.
Romania Posts Trade Deficit of EUR16.433B in Jan-Nov
Romania's trade balance posted a deficit of EUR16.433 billion in the first eleven months of 2020, EUR908 million higher compared with the same period in 2019, data from the country's statist...
Romania Unemployment Rate Drops to 5.1% in November 2020
Romania's seasonally adjusted unemployment rate inched down to 5.1% in November 2020 from 5.3% in October, data from the country's statistics board showed Friday.
INS: Romania Housing Permits Down 7.9% YoY In November 2020
Romania issued 3,152 housing construction permits for residential buildings in November 2020, 21.5% fewer than in October 2020 and 7.9% fewer than in November 2019, the statistics institute...
European Commission Seeks Talks on Romania's 2021 Budget
The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly...
World Bank Sees Romania’s Economy Growing 3.5% In 2021
The World Bank expects Romania's economy to contract 5% in 2020, followed by a 3.5% growth in 2021 and a 4.1% growth in 2022, according to a note by lender Banca Transilvania.
Analysts See Economy Growing in 2021, Unable to Reach 2019 Level
Romania’s economy will grow in 2021 but will not reach the 2019 level. However, not all sectors will feel it, since sectors like hospitality and food service industry and travel will remain...
Romania Forex Reserves Grow to EUR37.379B End-December
Romania's foreign exchange reserves grew to EUR37.379 billion at the end of December from EUR33.393 billion at the end of November, central bank data showed Monday.