Macroeconomics
Analysts: Romania Risks Overshooting 5% Budget Deficit Threshold In Coming Years
Romania’s 2020 state budget is optimistic, which significantly increases the risk of reaching a 5% government deficit, in the coming years, if the current pension increase calendar is mainta...
Romania Posts Budget Deficit of 4.6% of GDP in 2019, Says Finance Minister
Romania's consolidated budget posted a deficit of 4.6% of the gross domestic product in 2019, wider than the government's estimate of 4.4%, finance minister Florin Citu said Tuesday.
CFA Analysts See Leu Falling to 4.88 vs. Euro in Next 12 Months
Nearly 90% of analysts expect the Romanian leu to depreciate to an average of RON4.8823 to the euro in the next 12 months and the annual inflation rate is seen at an average of 3.67% for Jan...
Fiscal Council On 2020 Budget: Deficit Seen At 4.6-4.8% Of GDP, 1% Higher Than Finance Ministry’s Target
Romania's Fiscal Council said Thursday in its stance on the state budget law and social security budget law for 2020 that the budget deficit is expected to reach 4.6-4.8% of gross domestic p...
BT Analyst: Romania’s GDP Growth Rate May Moderate To 3.5% In 2020
Romania’s economy could moderate its growth rate to 3.5% in 2020 from 4.2% in 2019, against the backdrop of rebalancing the economic policy through fiscal-budgetary consolidation, according...
Romania Annual Inflation Rate Hits 4% in December
Romania's annual inflation rate climbed to 4% in December 2019 from 3.8% in November, data from the country's statistics board showed Tuesday.
Moody’s: Romania To See One Of Highest Inflation Rates In CEE In 2020-2021
International rating agency Moody's expects Romania to record one of the highest inflation rates in Central and Eastern Europe (CEE), but the increases in the minimum wage will be among the...
Romania's Current Account Gap Widens to EUR9.9B in Jan-Nov
Romania's current account balance posted a deficit of EUR9.924 billion in the first 11 months of 2019, compared with a deficit of EUR8.205 billion in the same period of 2018, central bank da...
Romania Net Average Salary Grows 2% on Month in November
The net average salary in Romania grew 2% in nominal terms in November 2019 compared with October, to 3,179 (around EUR665), data from the country's statistics board showed Monday.