Macroeconomics
Statistics Board: Romania's Hourly Labor Costs Up 16.45% In Q1/2024 Vs Q1/2023
Romania's hourly labor costs adjusted to the number of working days increased by 16.45% in the first quarter of 2024 compared to the first quarter of 2023, data from the country's statistics...
INS: Romania Building Permits Up 33.7% YoY In April 2024
Romanian authorities issued 3,578 residential building permits in April 2024, 17.8% more than in March 2024 and 33.7% more than in April 2023, data from the country’s statistics board INS sh...
Romania Unemployment Rate Inches Up To 5.3% Month-On-Month In April 2024
Romania’s unemployment rate stood at 5.3% in April 2024, higher by 0.1 percentage point compared to March 2024, data from the country’s statistics institute INS show on Thursday (May 30, 202...
Government Raises Gross Minimum Wage To RON3,700 On July 1
The gross minimum wage will rise to RON3,700 from 1 July, Prime Minister Marcel Ciolacu announced after Thursday's meeting with the National Tripartite Council for Social Dialogue.
Central Bank: Romania's Annual Inflation Rate Expected To Decline To 4.9% In Dec 2024 vs Previous Prediction Of 4.7%
Romania's annual inflation rate is expected to decline to 4.9% in December 2024, from a previous projection of 4.7%, and to fall only marginally inside the variation band of the target at th...
Statistics Board: Romania Reports More Job Vacancies In Q1/2024
The number of job vacancies reached 35.0 thousand in the first quarter of 2024, marking an increase of 1.7 thousand compared to the previous quarter, data from the country’s statistics board...
INS: Romanian Construction Works Surge 43.7% On The Month In March 2024
In March 2024, the volume of construction works increased, in unadjusted data, by 43.7% compared to February 2024 and was up 9.1% when adjusted to the number of working days and to seasonali...
Romania Manufacturing Industry Orders Up 4.3% On The Month In March 2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 4.3%, in nominal terms, in March 2024 compared to February 2024, but fell...
Romania Industrial Sales Up 6.9% On The Month In March 2024
Romania’s industrial sales (on the domestic and external markets) increased by 6.9% in nominal terms in March 2024 compared to February 2024, but inched down 0.5% versus March 2023, data fro...