Macroeconomics
BT Analyst: Non-Government Customer Deposits Seen Up 12.8% Vs 5.1% For Non-Government Lending In Next 2 Years
Bank deposits of companies and private individuals in Romania are expected to grow at a faster pace than non-government lending in the next two years, at an annual average rate of 12.8% vers...
Analysts See Leu at 4.96/Euro in 12 Months, GDP Contraction at 4.4%
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.96 to the euro in the next 12 months, while inflation is expected to average 2.33% and the country's econ...
Eurostat: Romania Sees Third Largest Decrease In Industrial Production In The EU YoY In May 2020
Romania recorded the third largest decline (-27.4%) in industrial production year-over-year in May 2020, among the European Union Member States, after Slovakia (-33.5%) and Hungary (-27.4%),...
Romania Posts Current Account Gap of EUR2.881B in Jan-May
Romania's current account balance posted a deficit EUR2.881 billion in January-May, compared with a deficit of EUR3.414 billion in the same period in 2019, central bank data showed Tuesday.
Investments, Consumption to Cushion Economic Downturn in 2020 – Finance Minister
Romania's government has invested RON16.1 billion in the country's economy in the first six months and investments and consumption are excepted to cushion this year's economic downturn and l...
Romania Annual Inflation Rate Spikes To 2.6% In June 2020
Romania's consumer price index hit an annual rate of 2.6% in June 2020, from 2.3% in May, data from the country's statistics board showed Friday.
Romania’s Trade Gap Widens To EUR7.3B YoY In January-May 2020
Romania's trade balance posted a deficit of EUR7.34 billion in January-May 2020, EUR742.3 million higher than in the same period in 2019, data from the country's statistics board showed Frid...
Romania Average Net Salary Drops 0.1% on Month in May
The average net salary in Romania declined a slight 0.1% in nominal terms in May compared with April, to 3,179 lei (around EUR656), data from the country's statistics board showed Thursday.
EC Sees Romanian Economy Contracting 6% in 2020
Romania's economy is expected to contract by 6% of gross domestic product this year, followed by 4% growth in 2021, according to the European Commission's summer economic forecast released T...