Macroeconomics
Statistics Board: Romania’s Economy Grows 1.7% YoY In H1/2023
Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, and by 2.8% in seasonally adjusted data,...
Romania's Current Account Deficit Shrinks To EUR9.82B YoY In January-June 2023
Romania's current account balance posted a deficit of EUR9.82 billion in January-June 2023, lower than the EUR11.9 billion in the same period of 2022, central bank data showed on Monday (Aug...
Romania Average Net Salary Rises 1.3% In June 2023 Vs May 2023
The average net salary in Romania increased by 1.3% in nominal terms in June 2023 compared to May 2023, to 4,600 (EUR938), data from the country's statistics board INS showed on Friday (Augu...
Romania's Annual Inflation Rate Returns To Single-Digit Territory In July 2023, With 9.4%
Romania's annual inflation decreased below the 10% threshold in July 2023, reaching 9.4% compared to July 2022, data from the country's statistics board INS showed on Friday (August 11).
Transilvania Broker de Asigurare Turnover Falls 15% To RON60M, Net Profit Drops 30% To RON5.5M In H1/2023
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first half of 2023 with a turnover of RON60 million, down 15% on the year, and...
Romania’s Trade Deficit Shrinks To RON13.3B In H1, 2023
Romania's trade balance posted a deficit of EUR13.3 billion in January-June 2023, lower by 14% compared with January-June 2022, data from the country's statistics board INS showed on Wednesd...
Statistics Board: Romania Retail Sales Up 1.5% YoY In June 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 1.5% in unadjusted data and by 2% when adjusted for seasonality and number of working da...
Romania Industrial Production Prices Up 3.8% In June 2023 vs June 2022
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 3.8% in June 2023 compared to June 2022, data from Romania’s National Statistics I...
Romania Unemployment Rate Inches Down To 5.4% On Month In June 2023
Romania’s unemployment rate stood at 5.4% in June 2023, lower by 0.1 percentage points than 5.5% in May 2023, data from the country’s statistics institute INS shows on Tuesday (August 1).