Macroeconomics
Isarescu Says Leu’s Appreciation Remarkable, Given Cyprus Crisis
The Romanian leu’s rise in recent weeks is remarkable taking in consideration the Cypriot banking crisis and problems at the local unit of Bank of Cyprus, central bank governor Mugur Isaresc...
BNR Keeps Key Rate Steady At 5.25%
Romania's central bank kept its key rate unchanged at 5.25% for the ninth consecutive meeting Thursday, as widely expected, as the country's inflation rate remains above-target, but it took...
Isarescu: BNR Will Begin Rate Cut Cycle
Romania’s central bank plans to begin a monetary policy easing cycle, as soon as the next board meeting scheduled for July 1, hoping the economic developments will not stop the process, gove...
Romania Forex Reserves Rise To EUR32.4B in April
Romanian foreign exchange reserves rose slightly to EUR32.4 billion in April from EUR32.2 billion in the previous month, central bank data showed Thursday.
Analysts: Leu Appreciates, Inflation Falls, But Key Rate Will Remain Steady At 5.25%
Most analysts expect Romania’s central bank to keep its key interest rate at 5.25% this year, given the uncertainty over the significant deflation expected in summer and amid lingering exter...
Romania Economic Sentiment Falls To 4-Month Low In April - EU Survey
Romania’s economic sentiment index fell for a second straight month in April, on increased pessimism in most sectors, a widely watched European Commission monthly survey showed Monday.
Housing Permits Rise 43.1% On Month In March
Romanian housing permits rose 43.1% to 3,049 units in March, from 2,130 units a month earlier, the country’s statistics institute INS said Monday.
Romanian Executives Optimistic About Economy In 2Q
Romanian executives estimate all economic sectors will see higher activity levels in the April-June period compared with the previous three months, the statistics institute INS said in a sur...
Romania 1Q Budget Deficit Widens, But Still Below IMF Cap
Romania’s consolidated budget posted a deficit of 4.19 billion lei (EUR966 million) in the first three months, equal to 0.67% of the gross domestic product, Finance Ministry data showed.