Macroeconomics
IFC-World Bank Report: Romania Still Faces A Large Convergence Gap With EU Living Standards
Romania has made impressive strides in its economic performance over the last decades, but the country is still facing a large convergence gap with EU living standards, and wide regional and...
Statistics Board Upwardly Revises Romania’s GDP Growth To 1.4% For January-September 2023
Romania's economy grew by 1.4% in real terms (in unadjusted data) and by 2.2% in seasonally adjusted data, year-over-year in the first nine months of 2023, provisional (1) estimates from the...
Statistics Board: Romania Retail Sales Up 1.8% YoY In October 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased 1.8% in unadjusted data and grew by 1.4% when adjusted for seasonality and number of workin...
INS: Romania's Hourly Labor Costs Up 15.15% In Q3/2023 Vs Q3/2022
Romania's hourly labor costs adjusted to the number of working days increased by 15.15% in the third quarter of 2023 compared to the third quarter of 2022, data from the country's statistics...
Romania Industrial Production Prices Drop 2.2% In October 2023 vs October 2022
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 2.2% in October 2023 compared to October 2022, data from Romania’s National Statis...
Romania Unemployment Rate Stays Put At 5.4% In October 2023
Romania’s unemployment rate stood at 5.4% in October 2023, the same as in September 2023, data from the country’s statistics institute INS show on Monday (Dec 4).
INS: Romania Building Permits Down 8.8% YoY In October 2023
Romanian authorities issued 3,002 residential building permits in October 2023, 2.6% fewer than in September 2023 and 8.8% fewer than in October 2022, data from the country’s statistics boar...
GlobalData Revises Global Economic Growth Down To 2% For 2024
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to...
Romania Private Lending Up 5% YoY To RON381.8B In October 2023
Private lending in Romania grew by 5% in nominal terms (down 2.8% in real terms) to RON381.8 billion in October 2023 compared to October 2022, central bank data showed on Friday (Nov 24).