CFA Romania: The impact of coronavirus will be strongly felt until Q1 2021
More than half of CFA Romania’s analysts estimate that the impact of the coronavirus will be felt strongly by the…
Romania will face the worst quarterly contraction in 20 years
Bogdan Tudorache Euler Hermes predicts that Romania’s economy will record the worst quarterly contraction in more than 20 years in…
Spain underpins car sector bailout with green goals
The Spanish government unveiled on Monday (15 June) a €3.75 billion aid package for the domestic auto industry, which includes…
Adrian Vasilescu: The avoidance of an economic contraction in the third quarter depends on external demand
The strategy advisor of the governor of the National Bank of Romania, Adrian Vasilescu, appreciates that Romania can avoid an…
The Q1 growth of 2.4% of the Romanian economy, based on consumption
The annual growth of the economy in the first quarter of this year (Q1), of 2.4% per gross series and…
Romania’s GDP, higher in 2019 than that of the Czech Republic or Portugal
According to Eurostat, Romania’s Gross Domestic Product in 2019 was of about 223 billion euros in current prices, above that…
The Fiscal Council estimates a deficit of 7.45% of GDP in 2020
The Fiscal Council considers that the macroeconomic scenario based on the Government, built on a decline in real GDP by…
Moody’s estimates decline of only 5% for Romania’s GDP
Moody’s Investors Service expects Romania’s government deficit to reach 7.7% of GDP in 2020, while the level of debt as…
Eurostat: Romania had in 2019 the largest public deficit in the EU, of 4.3% of GDP
The public deficit increased both in the euro area and in the European Union in 2019 compared to 2018, but…
Call for saving the economy from the private environment: An intervention of 15% of GDP is demanded
The largest business organizations in Romania sent an open letter to the President, Parliament and Government, which requires, among other…
Romania’s GDP increased by 4.1% in 2019, compared to the previous year (INS)
The gross domestic product (GDP) of Romania increased by 4.1% in 2019, up to the value of 1,059 billion lei…
After BRD, BCR also reduces growth forecast for this year to -4.7%
After BRD noted in a report that this year the economy will contract with 3.9% in the basic scenario and…
Cîţu: We are ready to provide guarantees for SMEs to have access to working capital with zero interest
The executive intends to grant SMEs guarantees to have access to working capital with zero interest, in the amount of…
Romania’s economy advanced 4.1% in 2019
The growth pace of the Romanian economy slowed to 4.1% last year, after increases of 4.4% in 2018 and 7.1%…
Romania ended 2019 with a larger budget deficit, also due to lack of additional dividends
Romania ended last year with a budget deficit of 4.6% of GDP, exceeding the estimates of the authorities in November,…
Minister of Finance: The budget for investments reaches 50 bln. lei
The volume of this year’s investments amounts to 50 billion lei, respectively 4.5% of GDP, but the philosophy will be…
2020: When economic prudence will lead to improved performance
Thirty years after the fall of the communist regime, Romania seems to be well anchored in European values and on…
PwC: All forecasts for Romania indicate a slowdown in economic growth
All the forecasts for Romania, including the most optimistic one, of 4.1%, belonging to the Government, indicate a slowdown of…
The budget project for 2020 is built on economic growth of 4.1% and a budget deficit of 3.59% of GDP
The budget project for 2020 is built on an economic growth of 4.1%, a budget deficit of 3.59% and an…
Romania, among the EU countries with the lowest consumption and GDP per capita
Bulgaria, Hungary, Croatia and Romania last year had the lowest effective individual consumption (AIC) per capita expressed in standard purchasing…
CNSP has revised the economic growth estimates for 2019 to 4%
The National Commission for Strategy and Forecast (CNSP) has revised downwards the estimates for the Romania’s economic growth for 2019,…
EBRD has improved the growth forecast of Romania’s economy
The European Bank for Reconstruction and Development (EBRD) has improved its estimates on the evolution of Romania’s economy in 2019…
NBR keeps key-rate at 2.5%, as inflation decreases
Bogdan Tudorache In September 2019, the annual CPI inflation rate went down to 3.5 percent (from 3.9 percent in August),…