Macroeconomics
Romania's Budget Deficit Nearly Doubles to 1.1% of GDP in Jan-Apr
Romania's general consolidated budget posted a deficit of RON11.4 billion in January-April, or 1.1% of gross domestic product, 88.4% higher than in January-April 2018, finance ministry data...
CFA Romania Analysts See Leu Falling To 4.84 Units Vs Euro In Next 12 Months
Financial analysts’ confidence in Romania’s economy grew on the month in April 2019, but is still below the level registered in the year-earlier period.
Romania’s Wage Bill to Overshoot EUR100B Mark by 2020
Romania’s wage bill (which includes all net wages, taxes and related contributions) stood at EUR80 billion in 2018 and will amount to more than EUR100 billion in 2020, Eurostat data show.
IMF Mission In Romania For Annual Assessment Of Country’s Economy
A team of the International Monetary Fund (IMF), led by Jaewoo Lee, on Monday (May 27) started a two-week visit to Romania for an annual assessment of the country's economy.
Central Bank Doesn't Rule Out Rate Hikes This Year
Romania's central bank doesn't rule out raising the benchmark interest rate this year but doesn't foresee such a move either, governor Mugur Isarescu said Friday.
Romania Central Bank Raises Year-End Inflation Forecast to 4.2% from 3%
Romania's central bank revised its 2019 year-end inflation forecast to 4.2%, well above its variation target band, from a previous forecast of 3%, after the annual rate climbed to a higher t...
Eurostat: Romania Posts Second Biggest GDP Growth In EU In 1Q/2019
Romania posted the second largest annual economic growth in the European Union in the first quarter of 2019, of 5.1%, data from Eurostat, the statistical office of the European Union, showed...
Central Bank Sees Inflation Above Target Variation Band Until Year-End
Romania's central bank sees the annual inflation rate as likely to remain above its target variation band during the next three quarters, the bank said in a statement after a board meeting d...
Romania GDP Grows 5.1% YoY in 1Q/2019
Romania's gross domestic product grew 5% (5.1% in real terms) in the first quarter compared with the same period of 2018, a flash reading from the country's statistics institute showed Wedne...