World Bank has improved its estimates on the evolution of Romania’s economy in 2021
The Romanian economy would register an advance of 4.3% this year, after a contraction estimated at 3.9% in 2020, and…
Anca Dragu: This year’s budget deficit is decent, considering the times we are in
This year’s budget has a decent deficit for the times we are in, it ensures strong investments for the recovery…
About 42% of CFA members expect the economy to grow by more than 4% this year
About 42% of CFA members expect the economy to grow by more than 4% this year, above the market average…
Romania recorded the highest economic growth in the EU in Q4
Romania’s economy registered an advance of 4.8% in the fourth quarter of last year (Q4), compared to the third quarter,…
FIC: Foreign investment can make a significant contribution to economic recovery
The investments scheduled this year will reach an all-time high, amounting to 61.4 billion lei and can play the role…
FIC: Foreign investment fell by 60% in 2020, the relationship with investors should be prioritized
Bogdan Tudorache The report on foreign direct investment (FDI) made by the Foreign Investors’ Council (FIC), now in its second…
EC: Rising oil prices and the liberalization of the electricity market will increase inflation
The European Commission states that the increase in oil prices as well as the liberalization of the electricity market in…
UniCredit: Romania’s economy could return to pre-pandemic level by mid-2022
Romania’s economy could return to pre-pandemic levels by mid-2022, following a 3.7% increase in gross domestic product (GDP) in 2021…
INS revised upwards to 5.8% the data on GDP growth in Q3 – 2020
National Institute of Statistics (INS) revised slightly, to 5.8%, the data on the advance of Gross Domestic Product (GDP) in…
PwC: The global economy is projected to rebound by early 2022, with fastest rate in two decades
The global economy is projected to grow in 2021 by around 5%, the fastest rate recorded in the 21st century,…
ECB expects faster economic growth in 2022 amid expanded immunity
The European Central Bank (ECB) has downgraded its growth estimates for 2021 due to the second wave of the Covid-19…
Romania’s deficit after the first 10 months is of 7% of GDP
The budget deficit after the first ten months of this year is of 74.04 billion lei, respectively 7% of GDP,…
Cîţu: V-shape comeback of the economy, up 5.6% in Q3
The economy grew by 5.6% in the third quarter (Q3), and official data show a recovery in the V shape…
INS: Last year, environmental protection expenditures totaled 1.5% of GDP
The expenditures for environmental protection at national level were, in 2019, of approximately 16 billion lei, representing 1.5% of GDP,…
IMF has improved its estimates on the evolution of the Romanian economy
The International Monetary Fund (IMF) has slightly improved its estimates on the evolution of the Romanian economy both this year…
EBRD worsens the forecasts regarding the economic evolution of Romania in 2020 and in 2021
The European Bank for Reconstruction and Development (EBRD) has worsened its estimates on Romania’s economic evolution in 2020 and 2021,…
CFA Romania: The exchange rate may reach the threshold of 5 lei/euro in the next 12 months
Bogdan Tudorache CFA Romania analysts anticipate a depreciation of the leu in the next 12 months of up to 4.9777…
Eurostat: Romania, among the EU countries with a significant decline in the economy in Q2
In the second quarter of 2020, still marked by isolation measures taken by most EU Member States to stop the…
Focusing on digitalization could bring 50 bln. euro to Romanian GDP by 2030
Romania has the chance to increase its economic competitiveness in a relatively short time, if it will focus on accelerating…
Fiscal Council: The starting point of the budget deficit for 2021 would be of at least 7.5% of GDP
The starting point of the budget deficit for 2021 would be at least 7.5% of GDP, even in the conditions…
Adjustment of the economy in the second quarter, the most severe pace since the early 1990s
Statistics show an adjustment of the economy in the second quarter of this year at the most severe pace since…
Romania’s economy contracted by 12.3% in Q2
Romania’s economy recorded a decline of 12.3% in the second quarter of this year (Q2) as compared to the first…
NBR: The worsening of the pandemic situation in the cold season may affect the evolution of the economy in Q4
The worsening of the pandemic situation with the onset of the cold season is expected to lead to the reintroduction…