Macroeconomics
Foreign Investments Drop 30% To EUR1.1B In January-July
Romanian foreign direct investment, or FDI, fell 30.5% to EUR1.1 billion in January to July, from EUR1.9 billion in the year-earlier period, the central bank said Monday.
BNR: Current Account Gap Narrows To EUR2.8B In January-July
Romania's current account deficit narrowed 24.4% to EUR2.82 billion in the first seven months, from a gap of EUR3.73 billion in the year-earlier period, due to a lower trade deficit and high...
Romania Inflation Hits 17-Month Low In August
Romanian consumer prices fell for the third straight month in August, pushed down by cheaper food, while the annual inflation eased to a 17-month low of 4.25%, official data showed Monday.
Exports Slow Down In July, 2012 Prospects Worsen
Exports continued to slow down in July and, although Romania is for now keeping its economic growth forecast of 1.5%, signals have appeared that problems will worsen next year, given the int...
BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk...
BNR Official: Romania Can Bring Inflation Close To Eurozone Level
Romania has the "historic chance" to reduce inflation to below 3% in the next few years, as long as the central bank's monetary policy is "firmly" supported by the fiscal and wage policies,...
BNR Official: Budget Gap To Miss 2012 Target, Even In Best-Case Scenario
Romania's budget deficit next year will exceed the target of 3% of GDP, even in an optimistic scenario in which the economy would grow by 4%, says central bank chief-economist Valentin Lazea...
Romania's 2012 GDP Growth Forecast Might Be Revised To 2.5%, From 3.5-4%
Romania's estimate for economic growth in 2012 might have to be significantly revised downward, to 2.5% from the current 3.5-4%, given the international context and the weaker "traction" of...
Romania January-July Trade Gap Narrows To EUR5.2B
Romania’s trade deficit narrowed to EUR5.24 billion in the first seven months of 2011, from EUR5.54 billion in the year-earlier period, the country’s statistics institute INS said Friday.