Macroeconomics
Romanian Finance Minister Expects Quick Recovery After Coronavirus Crisis
Romanian finance minister Florin Cit said Thursday he is optimistic and expects the country's economy to recover as quickly as it collapsed.
Romania Forex Reserves Drop to EUR34.123B in March
Romania's foreign exchange reserves fell to EUR34.123 billion at the end of March from EUR35.83 billion at the end of February, central bank data showed Wednesday.
Romania Unemployment Rate Stays At 3.9% In February 2020
Romania's seasonally adjusted unemployment rate stood at 3.9% in February 2020, the same as in January 2020, data from the country's statistics board showed Wednesday.
INS: Romania Housing Permits Up 8.7% YoY In February 2020
Romania issued 3,100 housing construction permits for residential buildings in February 2020, 33.6% more than in January 2020 and 8.7% more than in February 2019, the statistics institute IN...
ING Sees Romania GDP Contracting 6.6% in 2020
The reality of the Covid-19 crisis will bite severely into the real economy and Romania's GDP is seen contracting by 6.6% in 2020, with a second quarter to forget, followed by a less pronoun...
Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of...
Romania Unemployment Rate at 3.9% in 4Q/2019
Romania's seasonally adjusted unemployment rate stood at 3.9% in the fourth quarter of 2019, 0.1 percentage point higher than in the third quarter, data from the country's statistics board s...
Romanian Leu Appreciates Vs Euro, Exchange Rate At 4.8367
The Romanian leu has gained ground against the euro by midday Wednesday (March 25) and the central bank set the leu’s reference rate versus the euro at 4.8367.
CFA Analysts See Leu Tumbling To 4.94 Vs Euro In Next 12 Months
The Romanian leu is expected to depreciate to an average of RON4.94 to the euro over the next 12 months, while the annual inflation rate is seen at 3.67%, according to estimates by financial...