Macroeconomics
Romania Posts Trade Deficit Of EUR13.1B In January-September 2020
Romania's trade balance posted a deficit of EUR13.058 billion in January-September 2020, EUR998.5 million higher (+8.3%) compared with the same period in 2019, data from the country's statis...
European Commission Expects Eurozone GDP To Contract 7.8% In 2020
The European Commission’s autumn 2020 economic forecast projects that the euro area economy will contract by 7.8% in 2020 before growing 4.2% in 2021 and 3% in 2022.
European Commission Sees Romanian Economy Contracting 5.2% In 2020
Romania's economy is expected to contract by 5.2% in 2020, followed by 3.3% growth in 2021 and 3.8% in 2022, according to the European Commission's autumn economic forecast released Thursday...
Romania Retail Sales Grow 0.4% on Month in September
Retail sales in Romania grew 0.4% on the month in September and 1.7% when adjusted for seasonality and number of working days, as sales of non-food items grew 5.3%, fuel sales dropped 3.1% a...
Foreign Remittances Twice as High as Foreign Direct Investments in Jan-Aug
Romanians working abroad sent EUR2.3 billion back home in January-August 2020, while foreign direct investments reached EUR1.4 billon (adding intragroup loans) and EUR994 million if consider...
Romania Forex Reserves Grow to EUR33.795B in October
Romania's foreign exchange reserves grew to EUR33.795 billion at the end of October from EUR32.588 billion at the end of September, central bank data showed Monday.
Fitch Affirms Romania at 'BBB-'; Outlook Negative
Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Negative Outlook, which reflects weakening public finance metrics due to pro-cycl...
Romania Unemployment Rate Inches Down to 5.2% in September
Romania's seasonally adjusted unemployment rate inched down to 5.2% in September from 5.3% in August, data from the country's statistics board showed Friday.
Romania Had Second Lowest Tax-to-GDP Ratio in EU in 2019, of 26.8%
Romania had a tax-to gross domestic product ratio of 26.8% in 2019, the second lowest level among European Union member states, ahead of Ireland (22.7%) and after Bulgaria (30.3%), Eurostat...