Macroeconomics
Romania's Trade Gap Widens To EUR4.4B In 1Q/2020
Romania's trade balance posted a deficit of EUR4.45 billion in the first quarter of 2020, EUR732 million higher compared with the same period in 2019, data from the country's statistics boar...
Govt Breaks Piggy Banks, Asks State-Run Companies For Additional Dividends
Romanian government is now reviewing the investment plans of state-run companies, including those listed on the Bucharest Stock Exchange, to decide where to request additional dividends from...
Unicredit Bank Sees Romania’s GDP Plunging 9.4% In 2020, After Record Contraction Expected In 2Q
Unicredit Bank analysts expect a gradual revival of Romania's economy as of the third quarter of 2020 provided restrictions are gradually eased, the measures taken by the government are effi...
European Commission Sees Romania's GDP Falling 6% in 2020
The European Commission expects Romania’s economy to contract by 6% in 2020 under the impact of the coronavirus crisis, followed by 4.2% growth in 2021, according to its spring economic fore...
eMAG CEO: Digital Economy Contributes Over 6% To Romania’s GDP
The digital economy, from the online commerce to mobile payments, contributes over 6% to Romania’s gross domestic product (GDP), but the intelligently directed investments may boost this per...
Romanian Finance Minister Expects Economy Will Recover Quickly in 2H/2020
Romanian finance minister Florin Citu said Tuesday the government was operating within a scenario that sees the country's economy heading for a V-shaped recovery, returning to growth startin...
Sergiu Manea, BCR CEO: One Of The Goals Is Avoiding Romania’s Rating Downgrade
A downgrade of Romania’s rating to junk would cause a chain reaction, so the government should do everything in its power for the rating agencies not to downgrade Romania’s rating, believes...
Romania Forex Reserves Fall to EUR33.156B in April
Romania's foreign exchange reserves fell to EUR33.156 billion at the end of April from EUR34.123 billion at the end of March, central bank data showed Monday.
Romania Unemployment Rate Spikes Up To 4.6% In March 2020 Under Covid-19 Impact
Romania's seasonally adjusted unemployment rate reached 4.6% in March 2020, higher by 0.7 percentage points than 3.9% in February 2020, due to the impact of the COVID-19 pandemic on the econ...