Macroeconomics
Romania Net Average Salary Grows 8.7% on Month in March
The net average salary in Romania grew 8.7% in March compared with February, to 2,704 lei (around EUR581), data from the country's statistics board showed Wednesday.
World Bank Sees Romania's Economic Growth at 5.1% in 2018, Deficit at 3.3%
Romania's economy is projected to continue to grow above potential in 2018 with GDP likely to expand by around 5.1%, driven by the fiscal stimulus, but in the absence of corrective measures,...
EC Maintains 4.5% GDP Growth Forecast, Excessive Deficit Risk For Romania in 2018
The European Commission maintained its economic growth estimate at 4.5% of GDP for Romania this year and sees the country's budget deficit widening considerably due to public sector wage inc...
Moody's Upgrades IIB Rating To A3 From Baa1 For Bonds Issued On Bucharest Stock Exchange
Moody's Investor Service has upgraded the issuer and senior unsecured debt ratings of International Investment Bank (IIB) to A3 from Baa1. The outlook was changed to stable from positive.
Three-Month ROBOR Index Rises Slightly To 2.47%
The three-month ROBOR index, used to calculate interests on loans in lei with variable interest, inched up to 2.47% on Wednesday, from 2.45% previously, according to central bank data.
Romania Unemployment Rate Hits New Record Low Of 4.5% In March 2018
Romania's seasonally adjusted unemployment rate fell 0.1 percentage points in March 2018 compared with February, to 4.5%, reaching a new record low, data from the country's statistics board...
Forecast Commission Revises Up Exchange Rate, Inflation, Current Account Deficit
Romania's National Forecast Commission has revised its forecast for the 2018 exchange rate to RON4.65 to the euro in its spring prognosis from RON4.59 in the winter prognosis. It also revise...
Eurostat: Romania Ranks Third Among EU States With Highest Government Deficit To GDP Ratio In 2017
Romania ranks third among European Union Member States regarding the government deficit to GDP ratio in 2017 (2.9% of the GDP), after Spain and Portugal, Eurostat, the statistical office of...
Eurostat: Romania Ranks Fifth Among EU States With Lowest Government Debt-To-GDP Ratio End-2017
Romania’s government debt reached 35% of the gross domestic product at the end of 2017, the fifth lowest level in the European Union, Eurostat, the statistical office of the European Union,...