Macroeconomics
INS: Romania Building Permits Down 23% YoY In August 2023
Romanian authorities issued 3,115 residential building permits in August 2023, 1.9% more than in July 2023 and 23% fewer than in August 2022, data from the country’s statistics board INS sho...
Romania Posts Budget Deficit Of RON42B, Or 2.65% Of GDP, YoY In January-August 2023
Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as compared to a budget gap of RON32.98 billion...
CFA Romania Analysts Expect 7.58% Average Inflation Rate, See Leu at 5.0753 Units/Euro In Next 12 Months, Project 2.1% GDP Growth in 2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0753 units/euro in the coming 12 months, while the average inf...
EBRD Expects Romania Economy to Grow by just 1.8% in 2023, Way Below Initial Forecast
Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one.
Romania Private Lending Up 5.5% YoY To RON378B In August 2023
Private lending in Romania grew by 5.5% in nominal terms (down 3.6% in real terms) to RON378,75 billion in August 2023 compared to August 2022, central bank data showed on Monday (September...
ING Bank Revises Romania’s 2023 Economic Growth Forecast From 2.5% To 1.5%
ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first half of the year and limited prospects for an...
INS: Romania Construction Works Up 15.8% YoY In July 2023
The volume of construction works in Romania increased, in unadjusted data, by 15.8% in July 2023 compared to July 2022 and was up 15.9% when adjusted to the number of working days and to sea...
INS: Employment Rate For Working Age Population Hit 63% In Q2/2023, Higher By 0.1 Percentage Points Vs Q1/2023
The employment rate for the working age population (15-64 years) was 63% in the second quarter of 2023, increasing by 0.1 percentage points compared to the first quarter of 2023, data from R...
Romania's Current Account Deficit Contracts To EUR11.89B YoY In January-July 2023
Romania's current account balance posted a deficit of EUR11.89 billion in January-July 2023, lower than the EUR15.2 billion level reported in the same period of 2022, central bank data showe...