Macroeconomics
Convergence Program: Romania GDP Seen Down 14.4% In 2Q/2020; Return To Slight Economic Growth Expected In 3Q
Romania’s gross domestic product (GDP) is expected to contract 14.4% in the second quarter of 2020 (April-June), followed by return to slight growth, of nearly 1%, in the third quarter of 20...
Unexpected Q1 Economic Growth Gives Hope for V-Shaped Recovery
As the National Statistics Institute released data on Friday indicating a surprising economic growth of 0.3% in the first quarter compared with the fourth quarter of 2019, economists are sur...
Romania’s GDP Grows 2.4% YoY In 1Q/2020
Romania’s gross domestic product grew by 2.4% in unadjusted data and by 2.7% in seasonally adjusted data, in the first quarter of 2020 compared with the same period in 2019, a flash estimate...
Romania Posts Current Account Deficit Of EUR1.36B In January-March 2020
Romania's current account balance posted a deficit EUR1.36 billion in January-March 2020, compared with a deficit of EUR1.12 billion in the same period in 2019, central bank data showed Thur...
Banca Transilvania’s Andrei Radulescu Most Optimistic Economist About Romania’s Economy
Interest rates will remain at all-time lows and borrowing costs for Romania, although not dropping into negative territory, will tend towards eurozone levels. Under the circumstances, this i...
EBRD Sees Romania’s Economy Contracting 4% In 2020 Under Covid-19 Impact
The European Bank for Reconstruction and Development (EBRD) said in a report Wednesday that it expects Romania’s economy to shrink by 4% in 2020 under the impact of the coronavirus crisis an...
Romania Annual Inflation Rate Hits 2.7% In April 2020
Romania's consumer price index hit an annual rate of 2.7% in April 2020, from 3% in February and March 2020, data from the country's statistics board showed Wednesday.
CFA Analysts See Leu Tumbling To 4.97 Vs Euro In Next 12 Months, Inflation At 3.37%, 5.2% GDP Decline End-2020
Financial analysts, members of CFA Romania (Chartered Financial Analyst) association, expect the Romanian leu to depreciate to an average of RON4.97 to the euro over the next 12 months, the...
Romania Average Net Salary Grows 2.9% On Month In March
The average net salary in Romania grew 2.9% in nominal terms in March 2020 compared with February, to 3,294 lei (around EUR682), data from the country's statistics board showed Tuesday.