Macroeconomics
Romania Retail Sales Drop 20% on Month in April
Retail sales in Romania dropped 20% in April compared with March and with April 2019, as retail fuel sales dropped by more than 30% and non-food item sales dropped by more than 20% as the co...
Romania Unemployment Rate Grows to 4.8% in April
Romania's seasonally adjusted unemployment rate grew to 4.8% in April from 4.6% in March, data from the country's statistics board showed Wednesday.
Romania Central Bank Expects Significant Economic Downturn In 2020, Similar To 2009 Level
Romania’s central bank said the average dynamics of the real GDP will see a significant negative value, close to the level registered during the economic crisis of 2009. The bank released no...
Romania Forex Reserves Grow to EUR35.646B in May
Romania's foreign exchange reserves grew to EUR35.646 billion at the end of May from EUR33.156 billion at the end of April, central bank data showed Tuesday.
Romanian Central Bank Lowers 2020 Inflation Forecast to 2.8%
Romania's central bank on Friday lowered its inflation forecast to 2.8% for the end of 2020 from a previous projection of 3%.
Central Bank Lowers Key Rate to 1.75% a Year, Cuts Facilities Rates by 0.25 Points
Romania's central bank on Friday decided to lower its benchmark interest rate by 25 basis points to 1.75% a year starting June 2, after a cut to 2% back in March. The bank also lowered its l...
Romania's Budget Gap Widens to 2.48% of GDP in Jan-Apr
Romania's general consolidated budget posted a deficit of RON26.28 billion, or 2.48% of the gross domestic product, in January-April 2020, more than half of which was due to tax facilities a...
Convergence Program: Rise In Pension Costs, With Peak Of 14.4% Of GDP In 2053, Puts Strain On Medium, Long Term Debt
Romania’s Finance Ministry has drawn attention, in the Convergence Program for 2020, on an estimated increase in pension costs in coming years, against the backdrop of ageing population and...
Convergence Program: Romania Public Debt To Reach 40.9% Of GDP End-2020, Below 60% Limit Under Maastricht Treaty
Romania’s government debt, under the EU methodology, reached 35.2% of the gross domestic product (GDP) end-2019, and is expected to reach 40.9% of the GDP in 2020, given the nearly 1.9% econ...