Macroeconomics
Romania Unemployment Rate Drops to 4% in October
Romania's seasonally adjusted unemployment rate inched down to 4% in October from 4.1% in September, data from the country's statistics board showed Friday.
Leu Exchange Rate Appreciates Slightly To 4.7788 Vs Euro
The Romanian leu gained slightly against the euro by midday Thursday and the central bank set the leu’s reference rate versus the euro at 4.7788.
Difficult Mission for Finance Ministry at Yearend: Funding the Deficit
Raising the budget deficit from 2.8% to 4.3% of GDP, which the Finance Ministry proposed to be able to close 2019 books, was easy on paper. Now it has to find the money to fund this deficit...
Leu Exchange Rate Drops To 4.7792 Units Vs Euro
The Romanian leu fell against the euro by midday Wednesday and the central bank’s reference was set at 4.7792 units.
Fiscal Council Head Warns Pension Hike Could Push Budget Gap to 8% in 2022
Romania's new pension law, which would raise public pensions by 40% starting September 2020, complicates budget construction for the next years and would take social assistance spending from...
Romania's Prognosis Commission Lowers 2019 GDP Growth Projection to 4%
Romania has lowered its economic growth projection for this year to 4%, from a previous forecast of 5.5%, according to the autumn forecast of the National Strategy and Prognosis Commission.
Romanian Government to Raise Minimum Wage by up to 7.2% in 2020
Romania's government is considering raising the minimum wage by up to 7.2% in 2020, to RON2,230 from the current RON2,080, deputy prime minister Raluca Turcan said Tuesday.
Romanian Leu Falls To 4.7765 Units Vs Euro
The Romanian leu on Tuesday lost ground against the euro, as the central bank average reference rate stood at 4.7765 to the European currency.
Romania's Budget Gap Widens to 2.8% of GDP in Jan-Oct, Govt Sees Year-End Gap at 4.3%
Romania's general consolidated budget posted a deficit of RON28.83 billion in January-October, or 2.8% of the gross domestic product, finance ministry data showed Tuesday.