Macroeconomics
Romania Unemployment Rate Grows To 5.4% In July 2020
Romania's seasonally adjusted unemployment rate grew by 0.1 percentage point to 5.4% in July 2020 compared to 5.3% in June 2020, data from the country's statistics board showed Tuesday.
Romania Budget Gap Widens to 4.7% in January-July
Romania's general consolidated budget posted a deficit of RON49.68 billion in January-July, or 4.7% of the gross domestic product, finance ministry data showed Wednesday.
Fitch: Romanian Pensions and Politics are Key to Fiscal Prospects
The Romanian government's proposed 14% pension increase from September would reduce the challenge of consolidating public finances compared with the previously budgeted 40% increase, Fitch R...
Analysts See Leu at 4.95%/Euro in 12 Months, GDP Contraction at 4.4%
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.95 to the euro in the next 12 months, while inflation is expected to average 2.7% and the country's econo...
Construction Volume Up 19% In 1H/2020; BT Sees Construction Sector As One Of Most Dynamic Of Post-Pandemic Economic Cycle
The total volume of constructions in Romania grew 19% on the year in the first half of 2020, an evolution backed by engineering construction (infrastructure), which grew 30%. Nevertheless, t...
ING Bank: Romania's Economic Rebound Looks Slower Than Expected
Romania's second-quarter GDP contraction of 12.3% compared with the first quarter was broadly in line in market expectations and while the data are mildly positive, ING Bank maintains its 5....
Romanian Government To Raise Pensions By 14% Despite Economic Downturn
Romania's liberal government plans to raise pensions by 14% this year through a budget revision decree it will debate Friday, prime minister Ludovic Orban said.
Romanian Government Revises 2020 Budget Gap Target to 8.6% from 6.7%
Romania's government has revised its budget deficit target for 2020 to 8.6% of the gross domestic product from a previous projection of 6.7% of GDP, finance minister Florin Citu told a news...
Romania's GDP Falls 10.5% on Year in 2Q/2020
Romania's gross domestic product took an annual plunge of 10.5% in the second quarter after unexpected annual growth of 2.4% in the first quarter, a flash estimate from the country’s statist...