Macroeconomics
OTP Bank Analysis: Romania's GDP Growth To Accelerate To 2.8% In 2024, Budget Deficit To Stay Close To 6% Of GDP
Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment growth will remain solid, in line with an anal...
Statistics Board: Romania's Industrial Production Plunges 6.8% YoY In December 2023
Romania’s industrial production decreased by 6.8% in unadjusted data in December 2023 versus December 2022 and by 2.3% when adjusted for seasonality and the number of working days, data from...
Romania's Economy Grows 2% In 2023, Half The 4.1% Growth Rate In 2022
Romania's economy increased at a 2% annualized pace in 2023 in real terms (in unadjusted data), which is half the 4.1% growth rate reported in 2022, and way below the increase of 5.7% report...
Romania's Annual Inflation Resumes Upward Trend, Rises To 7.4% In January 2024
Romania's annual inflation resumed its upward trend, increasing by 7.4% in January 2024 compared to January 2023, data from the country's statistics board INS showed on Wednesday (February 1...
Romania Ends 2023 With Current Account Deficit Of EUR22.69B, Down 12% YoY
Romania ended 2023 with a current account deficit of EUR22.69 billion, down 12% from EUR26 billion at the of 2022, central bank data showed on Tuesday (February 13, 2024).
Romania Average Net Salary Up 6.6% In December 2023 vs November 2023
The average net salary in Romania increased by 6.6% in nominal terms in December 2023 compared to November 2023, to 5,079 (EUR1.036), data from the country's statistics board INS showed on M...
Romania Ends 2023 With Trade Deficit Of EUR28.9B, Down 15.1% YoY
Romania's trade balance posted a deficit of EUR28.9 billion in 2023, lower by 15.1% compared to 2022, data from the country's statistics board INS showed on Friday (February 9).
Statistics Board: Romania Retail Sales Inch Up 0.1% YoY In December 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 0.1% in unadjusted data and by 1.5% when adjusted for seasonality and number of working...
Statistics Board: New Passenger Vehicle Registrations Up 6.7% YoY In Q4/2023
New registrations of road vehicles for passenger transport in Romania increased by 6.7% in the third fourth of 2023 compared to the fourth quarter of 2022, data from the country’s statistics...