Macroeconomics
Leu Stable Versus Euro, Exchange Rate At 4.8445
The Romanian leu was stable against the euro by midday Tuesday and the central bank set the official reference rate versus the euro at 4.8445 units.
Romania Private Lending Grows 0.5% on Month in February
Private lending in Romania grew 0.5% in nominal terms and 0.3% in real terms in February compared with January, to RON271.057 billion, central bank data showed Tuesday.
Raiffeisen Bank Expects Romania’s Economy To Contract 2.5% In 2020, Grow 4.5% In 2021
Raiffeisen Bank has built a new economic growth scenario for Romania, in the context of the coronavirus crisis, forecasting an economic contraction of 2.5% for 2020 (with a sharp contraction...
ING Bank Forecasts 0.9% Economic Contraction For Romania In 2020
ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank also revised its estimations for the region, amid the co...
Leu Drops To Fresh All-Time Low At 4.8242 Versus Euro
The Romanian leu on Monday dropped to a fresh all-time low against the euro, as the central bank average reference rate stood at 4.8242 lei to the European currency.
Romania's Current Account Posts Surplus of EUR149M in January
Romania's current account balance posted a surplus of EUR149 million in January, compared with a surplus of EUR322 million in January 2019, central bank data showed Monday.
Romania Net Average Salary Drops 4.5% on Month in January
The average net salary in Romania fell 4.5% in nominal terms in January compared with December 2019, to 3,189 lei (around EUR662), data from the country's statistics board showed Friday.
Annual Inflation in Romania Slows to 3% in February
Romania's annual inflation rate slowed to 3% in February from 3.6% in January, data from the country's statistics board showed Wednesday.
Romania Posts Trade Gap of EUR1.323B in January
Romania's trade balance posted a deficit of EUR1.323 billion in January, EUR50 million higher compared with January 2019, data from the country's statistics board showed Wednesday.