Macroeconomics
Preserving Confidence in the Romanian Currency, Key to Monetary Policy Conduct in 2020
Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according...
Romania Private Lending Grows 0.6% on Month in October
Private lending in Romania grew 0.6% in nominal terms and 0.4% in real terms in October compared with September, to RON279.172 billion, central bank data showed Tuesday.
Fiscal Council: Govt’s Revised Scenario Of 4.2% GDP Decline Seems More Optimistic Relative To Economic Evolution, Pandemic
Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous...
Romania Approves Third Budget Revision Of 2020
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion.
Analysts See Leu At 5/Euro In 12 Months, GDP Contraction At 5% In 2020, Jobless Rate At 6.7% End-2020
Analysts polled by CFA Romania estimate the Romanian leu will depreciate to an average of 5.0102 to the euro in the next 12 months, while inflation is expected to average 2.68%.
Romania Public Debt Widens To RON451B, Or 42.9% Of GDP, End-September 2020
Romania’s public debt stood at RON451 billion, or 42.9% of the gross domestic product (GDP) at the end of September 2020, higher by RON77 billion than the level reported at the end of 2019,...
Romania's Economic Forecast Commission Revises 2020 GDP Downturn to 4.2%
Romania's national strategy and forecast commission has revised its 2020 GDP contraction estimate to 4.2% from a previous projection of 3.8% and sees the economy rebounding with 4.5% GDP gro...
Romanian Government Raises 2020 Budget Deficit Target to 9.1%
Romania's government is revising its budget deficit target to 9.1% for 2020 at an upcoming budget revision, finance minister Florin Citu said Wednesday.
Romania Posts Current Account Gap of EUR7.737B in Jan-Sept
Romania's current account balance posted a deficit of EUR7.737 billion in January-September, compared with a deficit of EUR7.942 billion in the same period in 2019, central bank data showed...