Macroeconomics
Romania Private Lending Drops 0.7% on Month in May
Private lending in Romania declined 0.7% in nominal terms and 0.8% in real terms in May compared with April, to RON269.146 billion, central bank data showed Wednesday.
Euler Hermes: Romanian Economy To See Biggest Quarterly Drop in 20 Years in 2Q
Romania's economy will witlessness its biggest quarterly decline in over 20 years in the second quarter of 2020 and the country's gross domestic product is expected to keep declining until t...
Romania's GDP/Capita in PPS Reached 69% of EU Average in 2019
Gross domestic product per capita expressed in purchasing power standards (PPS) ranged between 53% of the EU average in Bulgaria and 261% in Luxembourg, while Romania's GDP per capita stood...
Central Bank To Pursue Sustainable Trend of Gradual Decline in Interest Rates
The main risks for Romania’s economy and finance are related to public health developments and the central bank will continue to steer measures towards providing necessary liquidity while sa...
Analysts See Leu at 4.94/Euro in 12 Months, Budget Gap at 8.5%
Analysts of CFA Romania estimate the Romanian leu will depreciate to an average of 4.94 to the euro in the next 12 months, with a peak of RON5.1 to the euro, and an average budget deficit of...
Romania Posts Current Account Gap of EUR1.782B in Jan-Apr
Romania's current account balance posted a deficit EUR1.782 billion in January-April, compared with a deficit of EUR2.258 billion in the same period in 2019, central bank data showed Monday.
Fiscal Council: Romania's Public Debt to Top 50% of GDP in 2021
Romania's public debt is seen accelerating sharply in 2020-2021, to over 50% of the gross domestic product in an optimistic scenario, and over 55% of GDP in a pessimistic scenario, the Fisca...
Eurostat: Hungary, Romania, Slovakia See Largest Declines In Industrial Production In The EU In April 2020
Hungary (-30.5%), Romania (-27.7%) and Slovakia (-26.7%) recorded the largest decreases in industrial production across all Member States of the European Union, according to Eurostat, the st...
Romania Industrial Production Drops 36.2% On Month In April 2020
In April 2020, industrial production decreased by 36.2% as gross series compared to March and was down 27.7% as series adjusted by number of working days and seasonality, the country’s stati...