Macroeconomics
UniCredit: Romania To See Higher Than Region Average Economic Growth In 2023
UniCredit analysts expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging,...
EY Calls On European Institutions And National Govts To Help Build Business Confidence In Europe And Attract FDI
The EY organization is calling on European institutions and national governments to take six steps to help retain business confidence and attract more foreign direct investment (FDI), with t...
Eurostat: Romania Had Lowest Price Level For Consumer Goods Among EU Member States In 2022
Romania had the lowest price level for consumer goods among the EU Member States in 2022, with 42% below the EU average, being the least expensive country for food and non-alcoholic beverage...
Romania Unemployment Rate Edges Down To 5.5% On Month In May 2023
Romania’s unemployment rate stood at 5.5% in May 2023, lower by 0.1 percentage points than 5.6% in April 2023, data from the country’s statistics institute INS shows on Friday (June 30).
Romania Posts Budget Deficit Of RON37B, Or 2.3% Of GDP, YoY In Jan-May 2023
Romania’s general consolidated budget posted a deficit of RON37 billion in January-May 2023, or 2.3% of gross domestic product (GDP), as compared to a budget gap of RON21 billion in the same...
CFA Romania Analysts Forecast 7.73% Average Inflation, See Leu At 5.0719 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units per euro in the next 12 months, while the anticipat...
Private Lending Slows Down To 7.9% Growth Rate YoY In May 2023
Private lending in Romania grew by nearly 7.9% in May 2023 versus May 2022 to RON372.3 billion, as local currency lending was almost flat, increasing by merely 0.2% year on year and foreign...
INS: Romania Construction Works Up 10.8% YoY In April 2023
The volume of construction works in Romania increased, in unadjusted data, by 10.8% in April 2023 compared to April 2022 and was up 14.8% when adjusted to the number of working days and to s...
INS: Tourists in Romania in 1Q/2023 Spent RON2,632 per Person on Average
The total number of tourists housed in accommodation units in the first quarter of 2023 stood at 356.6 thousand, with their expenditures amounting to RON938.5 million, namely around RON2.632...