Macroeconomics
Romania’s Economy Grows 2.3% In Q1/2023 Vs Q1/2022
Romania's gross domestic product (GDP) grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first quarter of 2022, flash estimates from the country...
European Commission Raises Romania’s Economic Growth Forecast From 2.5% To 3.2% In 2023
The European Commission believes Romania’s economy will see higher growth than expected and raised its real GDP growth forecast from 2.5% to 3.2% for 2023.
Romania's Current Account Deficit Shrinks 7.8% YoY To EUR5B In January-March 2023
Romania's current account balance posted a deficit of EUR5 billion in January-March 2023, lower by 7.8% than EUR5.42 billion in the same period of 2022, central bank data showed on Monday (M...
Isarescu Says Romania Must Tackle Fiscal Deficit And Current Account Deficit Problems In Coming Period
Romania is the only country in the European Union (EU) facing the excessive deficit procedure, therefore, it must carry out a fiscal adjustment process which is essential, the country's cent...
Romania's Industrial Production Down 3.8% YoY In Jan-March 2023
Romania’s industrial production decreased by 3.8% in unadjusted data in January-March 2023 due to drops in the electricity, gas, steam and air conditioning supply (-13.5%), manufacturing (-2...
Romania Average Net Salary Grows 6.7% In March 2023 Vs February 2023
The average net salary in Romania increased by 6.7% in nominal terms in March 2023 compared with February 2023, to 4,554 (EUR929), data from the country's statistics board INS showed on Frid...
Romania's Annual Inflation Plunges To 11.2% In April 2023
Romania's annual inflation rate fell to 11.2% in April 2023 compared to 14.5% in March 2023, 15.5% in February 2023 and 15.1% in January 2023, data from the country's statistics board INS sh...
Romania’s Trade Deficit Shrinks 5.6% YoY To EUR6.80B In Jan-March 2023
Romania's trade balance posted a deficit of EUR6.80 billion in January-March 2023, lower by EUR399.7 million (-5.6%) compared with January-March 2022, in line with data from the country's st...
Prognosis Commission Keeps Romania’s GDP Growth Forecast At 2.8% In 2023; Cuts Year-End Inflation Outlook To 7.4%
Romania’s national commission for prognosis and statistics in its spring report revised downward its projection for the country’s inflation to 7.4% at the end of 2023 from a previous project...