Macroeconomics
FIC: More Solutions To Ensure State Budget Must Be Considered
Representatives of the Foreign Investors Council (FIC), an association that brings together the leading foreign-held investors in Romania, support the strategic, medium- and long-term approa...
INS: Romania Building Permits Down 24.9% YoY In June 2023
Romanian authorities issued 3,018 residential building permits in June 2023, 12.5% fewer than in May 2023 and 24.9% fewer than in June 2022, data from the country’s statistics board INS show...
CFA Romania Analysts Anticipate 8.21% Average Inflation, See Leu at 5.0438 Units/EUR, Slash 2023 GDP Growth to 2.5%
Financial analysts part of CFA Romania association forecast an average inflation rate of 8.21% in the next 12 months, up from 7.73% rate forecast in May, amid the high budgetary gap and tax...
Romania Posts Budget Deficit Of RON37B, Or 2.3% Of GDP, YoY In Jan-June 2023
Romania’s general consolidated budget posted a deficit of RON37 billion in January-June 2023, or 2.3% of gross domestic product (GDP), higher by almost RON14 billion than the level recorded...
INS: Romania Construction Works Up 19.9% in May from April
The volume of construction works in Romania rose by 19.9% in May from April 2023, in gross series, and by 3.7% when adjusted to the number of working days and seasonality, in line with data...
World Bank Puts Romania Among High-Income Countries
World Bank placed Romania among high income countries in 2022, i.e., those with an average income per capita of more than $13,846, along with other 82 countries and territories.
Romania Manufacturing Industry Orders Up 14.1% On Month In May 2023
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) saw an increase of 14.1%, in nominal terms, in May 2023 compared to April 2023, and of...
Romania Industrial Sales Surge 17.6% On Month In May 2023
Romania’s industrial sales (on the domestic and external markets) increased by 17.6% in nominal terms in May 2023 compared to April 2023 and by 1.8% versus May 2022, data from the country’s...
Romania's Current Account Deficit Shrinks To EUR8.27B YoY In January-May 2023
Romania's current account balance posted a deficit of EUR8.27 billion in January-May 2023, lower by EUR1.66 billion (-16.7%) than the EUR9.93 billion level reported in the same period of 202...