Macroeconomics
Romania Industrial Sales Up 2.5% On Month In October 2023
Romania’s industrial sales (on the domestic and external markets) increased by 2.5% in nominal terms in October 2023 compared to September 2023 and by 3.1% versus October 2022, data from the...
INS: Employment Rate For Working Age Population At 63.3% In Q3/2023, Higher By 0.3 Percentage Points Vs Q2/2023
The employment rate for the working age population (15-64 years) was 63.3% in the third quarter of 2023, increasing by 0.3 percentage points compared to the second quarter of 2023, data from...
Romania's Current Account Deficit Shrinks 20% YoY To EUR18.3B In January-October 2023
Romania's current account balance posted a deficit of EUR18.3 billion in January-October 2023, lower by 20% than the EUR22.9 billion level reported in the same period of 2022, central bank d...
Romania's Industrial Production Drops 2.3% YoY In October 2023
Romania’s industrial production decreased by 2.3% in unadjusted data in October 2023 versus October 2022 due to the drops recorded for the electricity, gas, steam and air conditioning supply...
Romania Average Net Salary Up 2.2% In October 2023 vs September 2023
The average net salary in Romania increased by 2.2% in nominal terms in October 2023 compared to September 2023, to 4,692 (EUR944), data from the country's statistics board INS showed on Wed...
Romania's Annual Inflation Rate Drops Further In November 2023 To 6.7%
Romania's annual inflation kept its downward trend in November 2023, decreasing to 6.7%, compared to 8.1% in October 2023 8.8% in September 2023, and 9.4% in August 2023 and July 2023, data...
INS: Net Investments In Romania Up 14.4% YoY To RON118B In January-September 2023
Net investments in Romania’s economy totaled RON118 billion in the first nine months of 2023, up 14.4% year-over-year, with new construction works accounting for 62.6% and purchases of machi...
Romania’s Trade Deficit Shrinks 18.4% YoY To EUR23B In January-October 2023
Romania's trade balance posted a deficit of EUR23.1 billion in January-October 2023, lower by EUR5.21 billion (-18.4%) compared to January-October 2022 period, data from the country's statis...
IMF Praises Romania Economic Growth Efforts In 2023; Recommends Tightening Fiscal Policy Further
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclus...