Macroeconomics
Statistical Data: 15,329 Housing Units Put Into Use In Romania In Q1/2023
A total 15,329 housing units were put into use in Romania in the first quarter of 2023, 578 fewer units than in the same period of 2022, data from the country’s statistics board INS showed o...
INS: Net Investments In Romania Up 13.6% YoY To RON30B In Q1/2023
Net investments in Romania’s economy totaled RON30 billion in the first quarter of 2023, up 13.6% versus the same period of 2022, with more than half being represented by new construction wo...
Romania’s Trade Deficit Shrinks 11.8% YoY To EUR8.8B In Jan-April 2023
Romania's trade balance posted a deficit of EUR8.85 billion in January-April 2023, lower by 11.8% compared with January-April 2022, data from the country's statistics board INS showed on Fri...
Statistics Board Reconfirms Romania’s 2.3% GDP Growth In Q1/2023 Vs Q1/2022
Romania’s gross domestic product grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first quarter of 2022, due primarily to commerce, IT&C, const...
Banca Transilvania: Private Consumption To Grow By 2.9% In 2023, By 4.8% In 2024 And 2025; Average Inflation At 9.3% In 2023
Lender Banca Transilvania forecasts an increase of 2.9% in private consumption in 2023 and of 4.8% in 2024 and 2025, respectively, in parallel with an average inflation rate of 9.3% in 2023,...
INS: Romania's Hourly Labor Costs Up 2.29% In Q1/2023 Vs Q4/2022
Romania's hourly labor costs adjusted to the number of working days increased by 2.29% in the first quarter of 2023 compared to the fourth quarter of 2022, in line with data from the country...
INS: Romania's Average Income/Household At RON6.464; Average Expenditure/Household At RON5.611 In 2022
Romania's total monthly average income was RON6.464 per household (RON2.575 per person), in nominal terms, in 2022, higher by 13.8% and by 14.8%, respectively, compared to 2021, in line with...
INS: Tourist Arrivals In Romania Grow 19.9% YoY In April 2022
Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, grew by 19.9% in April 2023 to 894,300 compared to April 2022 and overnight stays grew 18....
INS: Romania Retail Sales Drop 1.6% YoY In March 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) decreased by 1.6% in unadjusted data and by 1.5% when adjusted for seasonality and number of working...