Macroeconomics
European Commission: Romania Does Not Meet Criteria For Joining Euro Area
The European Commission published the 2024 Convergence Report on Wednesday in which it provides its assessment of the progress non-euro area member states have made towards adopting the euro...
Romania Moves To EU Minimum Wage
The Government has approved the law on setting the EU adequate minimum wage. The bill will go to Romania’s Parliament next for expedited adoption, the Labor Ministry said.
Libra Internet Bank Sees Romania's GDP Growing 2.6%, Key Rate Falling To 6.25%, Annual Inflation Dropping To 4.5% In 2024
Libra Internet Bank expects Romania's gross domestic product (GDP) to grow 2.6% in 2024, Lucian Anghel, the bank's deputy chief executive officer and chief economist, told a press conference...
INS: Romanian Construction Works Surge 10.3% On The Month In April 2024
In April 2024, the volume of construction works increased, in unadjusted data, by 10.3% compared to March 2024 and was up 8.0% when adjusted to the number of working days and to seasonality,...
Eurostat: Romania Posts Highest Annual Inflation Rate In The EU For 5th Consecutive Month
Romania had the highest annual inflation rate, of 5.8%, among European Union Member States, for the fifth consecutive month, in May 2024 compared to April 2024, data from Eurostat, the stati...
INS: Romania Manufacturing Industry Orders Down 3.6% On The Month In April 2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in April 2024 compared to March 2024, but increase...
INS: Romania Industrial Sales Edge Down 0.3% On The Month In April 2024
Romania’s industrial sales (on the domestic and external markets) inched down 0.3% in nominal terms in April 2024 compared to March 2024, but increased 18.8% versus April 2023, data from the...
INS: Employment Rate For Working Age Population Hit 64.2% In Q1/2024, Higher By 1.2 Percentage Points vs Q4/2023
The employment rate for the working age population (15-64 years) was 64.2% in the first quarter of 2024, higher by 1.2 percentage points compared to the level recorded in the fourth quarter...
Romania Average Net Salary Up 0.6% In April 2024 vs March 2024
The average net salary in Romania edged up 0.6% in nominal terms in April 2024 compared to March 2024, to 5,217 (EUR1,049), data from the country's statistics board INS showed on Friday (Jun...