Macroeconomics
Statistics Board: Romania's Hourly Labor Costs Up 3.18% In Q3/2024 Vs Q2/2024
Romania's hourly labor costs adjusted to the number of working days climbed 3.18% in the third quarter of 2024 compared to the second quarter of 2024, data from the country's statistics boar...
Statistics Board: Romania Industrial Production Prices Down 3.3% YoY In October 2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 3.3% in October 2024 compared to October 2023, mainly due to a drop in prices in t...
Romania Forex Reserves Shrink To EUR61.17B In November 2024
Romania's foreign exchange reserves shrank by EUR1.6 billion to EUR61.17 billion in November 2024, compared with EUR62.84 billion on October 31, 2024, Romania’s central bank announced on Fri...
Romania Unemployment Rate At 5.4% Month-On-Month In October 2024
Romania’s unemployment rate stood at 5.4% in October 2024, lower by 0.2 percentage point compared to September 2024, data from the country’s statistics institute INS show on Wednesday (Oct 2...
Statistics Board: Romania Housing Permits Up 5.4% YoY In October 2024
Romanian authorities issued 3,165 residential building permits in October 2024, 9.3% fewer than in September 2024 and 5.4% more than in October 2023, data from the country’s statistics board...
Romania Posts Budget Deficit Of RON109B, Or 6.19% Of GDP, YoY In January-October 2024
Romania’s general consolidated budget posted a deficit of RON109.42 billion in January-October 2024, or 6.19% of gross domestic product (GDP), which is 75% higher than the RON62.81 billion d...
Romania’s Gross Minimum Wage Goes Up From RON3,700 To RON4,050 On Jan 1, 2025
The gross minimum wage guaranteed in payment will rise to RON4,050 from RON3,700 per month from January 1, 2025, Prime Minister Marcel Ciolacu announced at the beginning of the government me...
Statistics Board: Over Half Of Total Number Of Enterprises Operated In Market Services In 2023
Over half of the total number of active enterprises (52%) in Romania operated in the sector of market services in 2023 and reported the highest number of employees, accounting for 39% of the...
Statistics Board: Romanian Construction Works Down 2.6% YoY In January-September 2024
The volume of construction works in Romania decreased, in unadjusted data, by 2.6% in January-September 2024 and by 2% when adjusted for the number of working days and seasonality, data from...