Macroeconomics
Romanian Central Bank Lowers 2020 Inflation Forecast to 2.1% from 2.7%
Romania's central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021 projection at 2.5%, according to the November Inf...
Analysts Expect W-Shaped Recovery after Worse than Expected 3Q GDP Data
Analysts expect Romania's economy recovering slower and more gradually after Friday's flash GDP data which showed a 6% annual contraction in the third quarter, worse than the -4.4% market ex...
Romania's GDP Falls 6% YoY In 3Q/2020
Romania's gross domestic product (GDP) took an annual plunge of 6% in the third quarter of 2020, compared with the same period in 2019, a flash estimate from the country’s statistics board s...
Central Bank Sees Inflation Dropping Further in Short Term
Romania's central bank expects inflation to drop further in the short term before rising again and remaining close to 2.5%, it said in a detailed statement following Thursday's monetary poli...
Romanian Central Bank Keeps Key Rate at 1.5%, Eases FX Reserve Requirements
Romania's central bank on Thursday decided to keep its benchmark interest rate unchanged at 1.5% a year, but lowered minimum reserve requirements on foreign currency liabilities to 5% from 6...
Romania Inflation Rate Drops To 2.2% In October 2020, Lowest Level Since Sept 2017
Romania's annual inflation rate inched down to 2.2% in October 2020 from 2.45% in September, 2.7% in August and 2.8% in July, data from the country's statistics board showed Wednesday.
EBRD Sees Romania's GDP Contracting 5% in 2020
The European Bank for Reconstruction and Development(EBRD) expects Romania's economy will contract by 5% in 2020 and recovery will be slow, with just 3% growth in 2021.
Romania Average Net Salary Grows 1.4% On Month In September 2020
The average net salary in Romania grew 1.4% in nominal terms in September 2020 compared with August 2020, to 3,321 lei (around EUR682), data from the country's statistics board showed Tuesda...
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