Macroeconomics
BNR Sees Inflation Down To 0% Over Next 12 Months
Romania’s central bank sees the inflation rate hovering around zero for the next three to four quarters, following the government’s decision to cut the value added tax rate for all food prod...
BNR Cuts Key Rate To Record Low 1.75%; Leu Requirements Also Lowered
Romania’s central bank on Wednesday surprisingly lowered its main monetary policy rate by 25 basis points to a new record low of 1.75%, the seventh rate cut in the current reduction cycle st...
Jiru: Not Nervous About Romania's Budget Deficit Target
Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministr...
EU Sees Romania’s Budget Deficit Widening to 3.5% of GDP in 2016
The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring fore...
Romania Could Launch Government Bond Sale To Population In June
Romania’s Finance Ministry prepares for June the first sale of government bonds to population since 2005, the treasury chief said Tuesday.
Tourist Arrivals In Romania Up 12.3% On Year In March
Arrivals at Romanian tourism accommodation establishments rose 12.3% in March from the year-earlier month, while overnight staying increased 14.6% on the year, data from the statistics insti...
INS: Romanian Industrial Producer Prices Up 0.4% In March
Romania’s industrial producer price index rose 0.4% in March, after a 0.2% increase in the previous month, the country’s statistics institute INS said Tuesday.
Romania Retail Sales Extend Decline In March
The recovery of domestic consumption in Romania hit the speed bumps this spring, as retail sales extended their decline in March, official data showed Tuesday.
Romania's Forex Reserves Down To EUR30.1B in April
Romanian foreign exchange reserves fell by 505 million euros to EUR30.09 billion in April, from EUR30.6 billion in the previous month, central bank data showed Monday.