Macroeconomics
Romania Unemployment Rate At 5.5% Month-On-Month In August 2024
Romania’s unemployment rate stood at 5.5% in August 2024, higher by 0.1 percentage point compared to July 2024, data from the country’s statistics institute INS show on Wednesday (Oct 2, 202...
Statistical Data: Foreign Direct Investment In Romania At EUR6.74B In 2023 vs Record High Of EUR10B In 2022
Romania attracted foreign direct investments (FDI) totaling EUR6.74 billion in 2023, compared with a record level of EUR10 billion reported for 2022, an analysis by the country's central ban...
Statistics Board: Romania Housing Permits Up 7.9% YoY In August 2024
Romanian authorities issued 3,360 residential building permits in August 2024, 3.6% fewer than in July 2024 and 7.9% more than in August 2023, data from the country’s statistics board INS sh...
Romania Posts Budget Deficit Of RON81B, Or 4.57% Of GDP, YoY In January-August 2024
Romania’s general consolidated budget posted a deficit of RON81 billion in January-August 2024, or 4.57% of gross domestic product (GDP), which is almost double the deficit of RON42.19 billi...
EBRD Expects Romania's Economy To Grow By Just 1.4% In 2024, Way Below Its May Forecast Of 3.2%
The European Bank for Reconstruction and Development has downwardly revised its forecast for Romania’s economic growth in 2024, to only 1.4%, compared with 3.2% projected in May 2024, while...
Statistics Board: Average Monthly Labor Cost At RON7,374/Employee In 2023
The average gross monthly earnings registered at the level of the national economy in 2023 were RON7,042, higher by 15.0% (+RON916) than the previous year, and the average net monthly earnin...
Fiscal Council Sees Romania Ending 2024 With 8% Cash Budget Deficit
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying th...
Eurostat: Romania Posts Highest Annual Inflation Rate In The EU For 6th Consecutive Month
Romania is the country with the highest inflation rate among the European Union member countries, for the sixth consecutive month, after reporting an annual consumer price index of 5.3% in A...
Fitch Ratings Sees Romania's Budget Deficit Reaching 7% Of GDP In 2024, The Highest In The European Union
Romania will have a budget deficit of 7% of gross domestic product (GDP) in 2024, which will be the highest in the European Union, analysts of International Rating Agency Fitch Ratings said...