Macroeconomics
Statistics Board's Final Data: Romania's Economy Grows 2.1% In 2023 vs 2022
Romania ended 2023 with gross domestic product (GDP) of RON1,605 billion (EUR321 billion), higher by 2.1% compared to 2022, in line with data reconfirmed on April 9, 2024 by the country's st...
Romania’s Trade Deficit Narrows 5.2% YoY To EUR4.1B In January-February 2024
Romania's trade balance posted a deficit of EUR4.1 billion in January-February 2024, lower by 5.2% compared to the same period of 2023, data from the country's statistics board INS showed on...
Statistics Board: Romania Retail Sales Grow 12.3% YoY In February 2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 12.3% in unadjusted data and by 7.1% when adjusted for seasonality and number of working...
Romania's Public Debt Exceeded RON800B Threshold, Over 50% Of GDP, In January 2024
Romania's government debt reached RON802 billion in January 2024, in line with the latest finance ministry data.
Romania Unemployment Rate Falls To 5.6% Month-On-Month In February 2024
Romania’s unemployment rate dropped to 5.6% in February 2024, lower by 0.1 percentage points compared to 5.7% in January 2024, data from the country’s statistics institute INS show on Wednes...
Romania Industrial Production Prices Drop 6.3% YoY In February 2023
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6.3% in February 2024 compared to February 2023, considering that prices on the do...
FIC: The Situation Of Public Finances Remains Fragile And Generates Concern Over Whether 2024 Deficit Goal Can Be Met
Ever since 2019, Romania has been in a complicated budgetary context and a balanced approach from the authorities is needed to ensure the assumed deficit for 2024.
Moody’s Estimates Romania 2024 Economic Growth at 3%, Expects Fiscal Gap of 5.7% of GDP, Marginally Improved vs 2023
Rating agency Moody’s estimates Romania economy will grow by 3% in 2024 and 3.5% in 2025, supported by consumption, but also by public and private investment, while the government will furth...
INS: Romania Building Permits Down 0.6% YoY In February 2024
Romanian authorities issued 2,556 residential building permits in February 2024, 39.7% more than in January 2024, but 0.6% fewer than in February 2023, data from the country’s statistics boa...