Macroeconomics
CFA Analysts See Leu Falling To 4.85 Vs Euro In Next 12 Months
The Romanian leu is expected to depreciate to an average of RON4.85 to the euro, while the annual inflation rate is seen at 3.60% in the next 12 months, CFA Romania said Tuesday.
Faced with Revenue Decline, PNL Government Set to Go with Over 4% of GDP Deficit
The PNL (National Liberal Party) government is to announce how it will adjust the 2019 budget and as things are right now, it is forced to raise the deficit to 4% of GDP and keep the spendin...
Romanian Leu Appreciates Slightly Vs Euro, Exchange Rate At 4.7722
The Romanian leu gained slightly against the euro by midday Monday and the central bank set the leu’s reference rate versus the euro at 4.7722. On Sunday (Nov 24), Romania held the second ro...
OECD: Romania's Economy Seen Slowing in 2020; Fiscal Buffers Need Rebuilding
Romania's economic growth is projected to slow to 3.2% in 2020 and speed back up to 3.7% in 2021, according to the latest economic outlook by the Organization for Economic Cooperation and De...
Romanian Leu Touches New Low At 4.7808 Units Vs Euro
The Romanian leu on Thursday tumbled to a new low against the euro, losing 0.07% on the day, as the central bank average reference rate stood at 4.7808 lei to the European currency.
EC Urges Romania to Correct Deficit Target Deviation
The European Commission has established that Romania has taken no effective action to correct a high deviation from the recommended adjustment path toward its medium-term budgetary objective...
Romanian Leu Tumbles To 4.7776 Units Vs Euro
The Romanian leu on Wednesday hit a new low against the euro, losing 0.4% on the day, as the central bank average reference rate stood at 4.7776 to the European currency.
BT: Romania Construction Sector Seen Up 20.3% In 2019; But Growth Rate May Slow To 6% In 2020
Romania’s construction sector is expected to grow on average 20.3% in 2019, but its growth rate may slow to 6% in 2020, followed by an annual growth rate of 5.7% in 2021, Andrei Radulescu, m...
Leu Hits New All-Time Low At 4.7729 Vs Euro
The Romanian leu on Monday dropped to a new all-time low against the euro, as the central bank average reference rate stood at 4.7729 lei to the European currency.