Macroeconomics
Budget Revision Draft Raises Revenues and Spending, Keeps Deficit Target at 2.76% of GDP
Romania's finance ministry on Tuesday released its proposed state budget revision draft, which raises expected revenues by RON3.75 billion, spending by RON3.9 billion and keeps the deficit t...
Central Bank Reconfirms Inflation Outlook Above Target Variation Band This Year
Romania's central bank on Monday examined and approved the August 2019 Inflation Report, reconfirming the outlook for the annual inflation rate to remain above the variation band of the targ...
Romania Adjusted Retail Sales Grow 5.7% YoY in June
Romanian adjusted retail sales rose 5.7% year-on-year in June, after a modest annual growth of 3.7% in May, data from the country’s statistics institute showed Friday.
Romania Posts Budget Deficit of 1.94% of GDP in 1H/2019
Romania's general consolidated budget posted a deficit of RON19.96 billion in the first half of the year, or 1.94% of gross domestic product, finance ministry data showed.
Romania Unemployment Rate Grows to 4% in June
Romania's seasonally adjusted unemployment rate inched up to 4% in June from 3.9% in May, data from the country's statistics board showed Wednesday.
Financial Analysts See Leu Falling to 4.82 Units vs Euro in 12 Months, Inflation at 4.05%
Seven out of ten analysts expect the Romanian leu to depreciate to an average 4.8262 lei to the euro over the next 12 months, while inflation is seen averaging 4.05% over the same horizon.
Moody’s Sees Romania’s Economy Growing 3.3% In 2019 And 3.5% In 2020
International rating agency Moody’s forecasts, in its latest report, an economic growth of 3.3% in 2019 and of 3.5% in 2020, respectively, for Romania, below the potential rate estimated at...
Romanian Government Set To Revise Budget in August
Romania's government will likely approve this year's fist state budget revision in August, pending approvals from the country's defense body and other institutions, finance minister Eugen Te...
Eurostat: Romania Posts Highest Annual Inflation Rate In the EU, Of 3.9%, In June 2019
Romania recorded the highest annual inflation rate in the European Union, of 3.9%, in June 2019, being followed by Hungary (3.4%) and Latvia (3.1%) Eurostat, the statistical office of the Eu...