Macroeconomics
Romania Budget Deficit Widens To 8% Of GDP In January-November 2020
Romania's general consolidated budget posted a deficit of RON84.05 billion, or 8% of the gross domestic product (GDP), in the first eleven months of 2020, considering that RON43.66 billion (...
Citu Cabinet Seeks To Raise Minimum Gross Salary To RON2,300 In 2021
Romania’s new government led by Prime Minister Florin Citu said it would discuss this week increasing the minimum gross wage to RON2,300 (around EUR471) in 2021, from RON2,230 (around EUR457...
Romania Private Lending Grows 0.7% On Month In November 2020
Private lending in Romania grew 0.7% in nominal terms and 0.5% in real terms in November 2020 compared with October, to RON281 billion, central bank data showed Monday.
Analysts See Leu Falling At 4.99 Units Vs Euro In 12 Months, GDP Contraction At 4.4% In 2020
Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an average of RON4.9906 to the euro over the next 12 months, th...
Romania Unemployment Rate Inches Down To 5.2% Quarter-On-Quarter In Q3/2020
Romania's unemployment rate reached 5.2% in the third quarter of 2020, lower by 0.2 percentage points than the level reported in the previous quarter, data from the country's statistics boar...
Csaba Bálint, Central Bank: Romania’s Economy Could Fare Better In Q4/2020 Than EU Average
Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bál...
Romania Posts Current Account Gap of EUR8.778B in Jan-Oct
Romania's current account balance posted a deficit of EUR8.778 billion in January-October, compared with a deficit of EUR9.117 billion in the same period in 2019, central bank data showed Mo...
Fitch Ratings: Romania Election Does Not Allay Medium-Term Fiscal Uncertainty
Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term tes...
Romania Average Net Salary Grows 0.7% On Month In October 2020
The average net salary in Romania grew 0.7% in nominal terms in October 2020 compared with September 2020, to 3,343 lei (around EUR686), data from the country's statistics board showed Frida...