Macroeconomics
PSD Government Broke Finance Ministry’s Piggy Bank: 25% Salary Raises In Public Sector In Jan-Aug
Salary spending in the public sector rose 25% in January-August over the year-ago period, as shown by the general consolidated budget figures. The private sector is unable to keep up with th...
Romania Unemployment Rate At 4.3% In August 2018
Romania's seasonally adjusted unemployment rate stood at 4.3% in August 2018, 0.1 percentage points higher than in July, data from the country's statistics board showed Monday.
Romania Posts Budget Deficit Of RON14.6B, Or 1.54% Of GDP, In January-August 2018
Romania’s general consolidated budget posted a deficit of RON14.6 billion, or 1.54% of the gross domestic product (GDP), in the first eight months of 2018, finance ministry data showed Frida...
Foreign Direct Investments in Romania Grew 6.2% on Year in 2017, to EUR4.79B
The net flow of foreign direct investments (FDI) in Romania grew 6.2% on the year in 2017, to EUR4.797 billion, according to a statistical survey released by Romania's central bank Friday.
Romania Net Average Monthly Salary Grows 14.3% on Year in 2017
The net average salary in Romania grew 14.3% in 2017 compared with 2016, to 2,338 lei (around EUR500), data from the country's statistics board showed Wednesday.
Romania Unemployment Rate at 4.1% in 2Q/2018
Romania's seasonally adjusted unemployment rate stood at 4.1% in the second quarter of 2018, 0.6 percentage points lower than in the first quarter, data from the country's statistics board s...
PwC: Romania Loses Over EUR6B Annually from Uncollected VAT
Romania lost EUR6.3 billion in uncollected VAT in 2016, according to calculations by PwC Romania based on a VAT gap study released by the European Commission.
CFA Romania Analysts See Leu Falling to 4.7/euro, 3-Mo Rate at 3.88% in Next 12 Months
Three out of four analysts expect the Romanian leu to depreciate to 4.73 units to the euro in the next 12 months and see the three-month money market rate at 3.88%.
Romania Current Account Deficit Widens to EUR4.8B in January-July
Romania's current account balance posted a deficit of EUR4.811 billion in January-July, compared with a deficit of EUR4.162 billion in the same period last year, central bank data showed Thu...