Macroeconomics
INS: Romania Construction Works Up 12.9% YoY In 2022
The volume of construction works in Romania increased, in unadjusted data, by 12.9% in 2022 compared to 2021 and was up 10.8% when adjusted to the number of working days and to seasonality,...
Romania Central Bank Cuts Inflation Forecast To 7% For End-2023 From 11.2% Previously
Romania's central bank revised downwards its inflation forecast for end-2023 to 7% from its previous December projection of 11.2%, central bank governor Mugur Isarescu said on Wednesday (Feb...
Eurostat: Romania Had Second Highest Economic Growth Rate in EU in Q4
Romania had the second highest economic growth rate in the European Union in the fourth quarter of 2022, 5% compared with the year-earlier period, after Ireland (15.7%) and ahead of Cyprus (...
Romania Industrial Production Down 1.8% in 2022 YOY
Romania’s industrial production slumped by 1.8% in 2022 due to drops in electricity, thermal energy, gas, steam and air conditioning production and supply (-9.4%), mining industry (-2.8%) an...
Romania Economy Growth Accelerates to 4.6% in Q4/2022
Romania's gross domestic product (GDP) grew by 4.6% in gross series in the fourth quarter of 2022, while at the level of the entire year GDP rose by 4.8%, in line with data published by the...
Romania Annual Inflation Cools Down To 15.1% in January 2023
Consumer price growth slightly slowed down in January, from the last months of 2022, with the annual inflation rate declining to 15.1%, from 16.4% in December 2022 and 16.8% in November, dat...
Romania Current Account Deficit Widens to EUR26.57B in 2022
Romania's current account balance posted a deficit of EUR26.57 billion or 8.9% of GDP in 2022, higher by almost EUR17.47 billion than in 2021, central bank data showed on Monday (February 13...
European Commission Raises Romania’s 2023 Economic Growth Forecast to 2.5%
Romania’s economy is expected to grow by 2.5% in 2023, the European Commission said in its winter economic forecast published on Monday, higher than the fall forecast of only 1.8%.
Romania Average Net Salary Hits RON4,398 at End-2022, Up 13.4% from December 2021
The average net salary in Romania increased by 6.2% (RON257) in nominal terms in December 2022 compared with November 2022, to RON4.398, data from the country's statistics board INS showed o...