Macroeconomics
EC to Launch Excessive Deficit Procedure on Romania in March, Says Finance Minister
Romania will be placed under excessive deficit procedures in March at the earliest, outgoing finance minister Florin Citu said Monday evening on TV station Realitatea Plus.
Romania Net Average Salary Grows 5.1% on Month in December 2019
The average net salary in Romania grew 5.1% in nominal terms in December 2019 compared with November, to 3,340 lei (around EUR700), mainly due to end of the year bonuses, data from the count...
Romania Posts Trade Gap of EUR17.28B in 2019
Romania's trade balance posted a deficit of EUR17.28 billion in 2019, EUR2.164 billion higher compared with 2018, data from the country's statistics board showed Monday.
Profit Tax Revenue Doubled In Ten Years, Shrank As Percentage Of GDP
The state budget revenue from profit tax has doubled in the past ten years, going from 10 billion lei (over EUR2 billion) to more than RON19 billion estimated for 2020.
Central Bank Sees Annual Inflation Declining In Early Months of 2020
Romania's central bank expects the annual inflation rate declining significantly in the early months of 2020 and staying in the upper half of the variation band of 1.5%-3.5% until the end of...
Romanian Central Bank Holds Key Rate at 2.5% a Year, Lowers Reserve Rates
Romania's central bank on Friday kept its benchmark interest rate on hold at 2.5% a year but lowered minimum reserve requirements on foreign currency liabilities to 6% from 8%.
Romania Forex Reserves Grow to EUR35.5B in January
Romania's foreign exchange reserves grew to EUR35.505 billion at the end of January from EUR32.926 billion at the end of December, central bank data showed Monday.
BT: Romania Annual Average Unemployment Rate Down To 3.9% In 2019, Lowest Level Since 1991
Romania's annual average unemployment rate decreased to 3.9% in December 2019, the lowest level since 1991, due to a re-dynamization of productive investments and the migration of the active...
Romania Unemployment Rate Drops To 3.9% In December 2019
Romania's seasonally adjusted unemployment rate stood at 3.9% in December 2019, lower by 0.1 percentage points than 4% in November 2019, data from the country's statistics board showed Thurs...