Macroeconomics
European Commission Urges Romania to Adjust Ballooning Public Deficit
Romania's public deficit is seen reaching 3.3% of gross domestic product this year and the European Commission recommends an annual structural adjustment of at least 1% of GDP in 2019.
Tax Agency ANAF Under Pressure To Boost Revenue By 15%
The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target.
Romania’s GDP Grows 4.3% On Year In 3Q/2018
Romania's gross domestic product grew 4.3% in the third quarter of 2018 compared with the third quarter last year, a flash estimate of the country's statistics board showed Wednesday.
Romania Current Account Deficit Widens to EUR6.619B in Jan-Sept
Romania's current account balance posted a deficit of EUR6.619 billion in January-September, compared with a deficit of EUR4.779 billion in the same period last year, central bank data showe...
IMF: Romania Should Reassess Public Sector Wage Growth and Changes to Pensions
Romania should reassess increases in public wage and planned changes to pension benefits for their negative implications for fiscal sustainability and long-term growth, a mission of the Inte...
Romania’s Annual Inflation Rate Falls To 4.3% In October 2018
Romanian consumer prices grew 4.3% in October 2018, compared with October 2017, but the annual inflation rate is on downward trend, from 5% in September 2018, data from the country's statist...
Prognosis Commission Cuts Romania’s GDP Growth Forecast To 4.5% In 2018 From 5.5%
The national commission for prognosis and strategy, or CNSP, has reduced its economic growth forecast for Romania to 4.5% in 2018, lower by 1 percentage point from a projection of 5.5% in Ju...
Romania's Trade Gap Widens to EUR9.95B in Jan-Sept
Romania's trade balance posted a deficit of EUR9.95 billion in the first nine months of the year, EUR1.05 billion higher compared with the same period of 2017, data from the country's statis...
EC Lowers Romania's GDP Growth Estimate to 3.6% in 2018 from 4.5%
The European Commission has lowered its economic growth projection for Romania to 3.6% for 2018 from a previous forecast of 4.5%, it said in its fall economic forecast released Thursday.