Macroeconomics
Romania's Budget Gap Triples in 1Q/2020 to 1.67% of GDP
Romania's general consolidated budget posted a deficit of RON18.06 billion, or 1.67% of the gross domestic product in the first quarter of 2020, compared with a deficit of RON5.477 billion,...
Romania Private Lending Grows 0.6% on Month in March, Government Credit Grows 10%
Private lending in Romania grew 0.6% in nominal terms and 0.1% in real terms in March compared with February, to RON272.552 billion, while government credit spiked more than 10% due to ballo...
Analysts Doubt Government Figures, Expect Economic Downturn To Be Worse
Economic analysts believe the government forecast of an economic decline of merely 1.9% is overly optimistic. As a result, the budget deficit, 6.7% of the GDP as the government sees it, will...
Raiffeisen Bank Chief Economist Says Govt GDP Growth Forecast Is Overly Optimistic
The Romanian government's economic growth projection of 1.9% of GDP for this year is overly optimistic, Raiffeisen Bank chief economist Ionut Dumitru told Ziarul Financiar.
BT Analyst: COVID-19 Pandemic To Impact Evolution Of Romania Construction Sector On Short Term
The evolution of the Romanian construction sector will be impacted on the short term, especially in March and April 2020, by the effects of the COVID-19 pandemic and related measures meant t...
Romania's Budget Gap to Widen to 6.7% of GDP in 2020, Fin Min Says
Romania's finance minister Florin Citu said Wednesday the country's budget deficit will reach 6.7% of the gross domestic product this year and the country's prognosis commission expects the...
IMF Sees Romania's GDP Falling 5% in 2020 Under Covid-19 Impact
The International Monetary Fund estimates Romania's economy will drop 5% this year, according to the latest World Economic Outlook released Tuesday.
Romania Posts Current Account Deficit of EUR325M in Jan-Feb
Romania's current account balance posted a deficit EUR325 million in January-February, compared with a deficit of EUR176 million in the same period in 2019, central bank data showed Tuesday.
Survey: Romania Risks Collapsing Like A Sandcastle On Lack Of Concrete Solutions To Coronavirus-led Crisis
The Romanian economy risks collapsing like a sandcastle, as the authorities delay coming up with concrete solutions to the unprecedented crisis caused by the coronavirus pandemic, according...