Macroeconomics
Romanian Leu Hits All-Time Low At 4.7834 Versus Euro
The Romanian leu on Thursday dropped to an all-time low against the euro, as the central bank average reference rate stood at 4.7834 lei to the European currency.
Romania Posts Second Highest GDP Growth in EU in 4Q/2019
Romania had the second-biggest economic growth in the European Union in the fourth quarter of 2019, with 4.1% on annual basis, after Hungary (4.6%) but ahead of Bulgaria and Poland (3.5% eac...
Romania's GDP Grows 4.1% in 2019
Romania's gross domestic product grew 4.1% in 2019 compared with 2018, a flash estimate from the country's statistics board showed Friday.
European Commission Sees Romania’s GDP Growth At 3.8% In 2020
The European Commission expects Romania’s economy to grow by 3.8% in 2020, ranking second in the European Union, after Malta, according to the Commission’s interim winter economic growth for...
Finance Minister Says Central Bank Could Lower Interest Rates
Romanian finance minister Florin Citu said Thursday the central bank could lower interests as soon as possible if it intends to do so.
Romania Must Negotiate Lowering Its Budget Gap Without Hindering Growth
Romania's finance minister Florin Citu said Thursday the country's budget deficit would go back below the 3% of GDP limit in 2022 and Romania needs to negotiate its deficit lowering speed wi...
Romania's Current Account Gap Widens to EUR10.47B in 2019
Romania's current account balance posted a deficit of EUR10.478 billion in 2019, compared with a deficit of EUR8.86 billion in 2018, central bank data showed Thursday.
Romania's Annual Inflation Rate Slows to 3.6% in January
Romania's annual inflation rate dropped to 3.6% in January from 4% in December 2019, data from the country's statistics board showed Thursday.
Romania Central Bank Lowers Inflation Forecast to 3% in 2020 from 3.1%
Romania's central bank sees year-end inflation at 3% in 2020 from a previous projection of 3.1%, central bank governor said Tuesday at a briefing on the February Inflation Report.