Macroeconomics
Romania Posts Budget Deficit Of RON56.46B, Or 3.55% Of GDP, YoY In January-September 2023
Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billio...
CFA Romania Analysts Forecast Budget Gap of 5.8% in GDP, 6.86% Average Inflation, See Leu at 5.0607 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association say the state budget gap estimated for 2023 will reach 5.8% in GDP, the highest value registered in the CFA survey since the start of the y...
Coface Barometer: Risks Continue To Intensify; Inflation Remains Well Above Targets Set By Central Banks
Over and above the risks that have already been mentioned many times, some of which continue to intensify (financial stability, social and political risks), the fight against inflation has n...
Romania Private Lending Up 4.5% YoY To RON381.1B In September 2023
Private lending in Romania grew by 4.5% in nominal terms (down 4% in real terms) to RON381.1 billion in September 2023 compared to September 2022, central bank data showed on Monday (October...
Sources: Government To Revise 2023 Economic Growth Forecast Downwards
Romania’s government will revise the 2023 economic forecast downwards but stick with an over 2% growth, more optimistic than that of international institutions like the World Bank or the Int...
Romania's Current Account Deficit Shrinks To EUR13.7B YoY In January-August 2023
Romania's current account balance posted a deficit of EUR13.7 billion in January-August 2023, lower than the EUR18.5 billion level reported in the same period of 2022, central bank data show...
Romania's Industrial Production Drops 5.8% YoY In August 2023
Romania’s industrial production decreased by 5.8% in unadjusted data in August 2023 versus August 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-8.3...
Statistics Board Reconfirms Romania’s 1.7% GDP Growth YoY In H1/2023 To RON695B
Romania's statistics board INS on Thursday (Oct 12) reconfirmed the country's gross domestic product (GDP) growth of 1.7% in real terms (in unadjusted data) in the first half of 2023 versus...
Romania Average Net Salary Inches Down 0.7% In August 2023 vs July 2023
The average net salary in Romania decreased by 0.7% in nominal terms in August 2023 compared to July 2023, to 4,531 (EUR913), data from the country's statistics board INS showed on Thursday...