Romania's | News

Romania's central bank reported a profit of RON1.08 billion for 2022, lower by 46.3% than the level reported in 2021.

Romania's road freight transport market saw a slowdown in growth rate between January and June 2023 compared to the same period of 2022, against the background of a decline in volumes, which also triggered a stagnation in transport tariffs, as per an analysis by DSV Road, the third largest transport company in Europe.

Romania's final electricity consumption fell by 7.7% year-over-year in January-April 2023, considering that electricity consumption in the local economy fell by 5.4%, household consumption plunged by 13.8%, and public lighting by 16.3%, data from the country's statistical office INS showed on Thursday (June 15).

Romania's current account balance posted a deficit of EUR5.46 billion in January-April 2023, lower by EUR2.2 billion than EUR7.71 billion in the same period of 2022, central bank data showed on Tuesday (June 13, 2023).

Romania's annual inflation rate kept decreasing in May 2023 and reached 10.6%, compared to 11.2% in April 2023, 14.5% in March 2023 and 15.5% in February 2023, data from the country's statistics board INS showed on Tuesday (June 13).

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's statistics board INS.

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 data from the country's statistics board INS.

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 showed on Friday (May 12).

Employees in Romania's IT industry are restrained in the decision to change their current job (almost one in three is not considering leaving their present job and working for another company), they want a pay rise to keep pace with inflation (over 20% of the current salary), a flexible schedule and fringe benefits.

Romania's final electricity consumption fell by 7.4% year-over-year in January-February 2023, considering that household consumption plunged by 18.2% and public lighting by 26%, as per data from the country's statistical office INS.

Romania's current account balance posted a deficit of EUR2.61 billion in January-February 2023, lower by 17% than EUR3.15 billion in the same period of 2022, central bank data showed on Thursday (April 13, 2023).

Romania's current account balance posted a deficit of EUR949 million in January 2023, 15% lower than in January 2022, central bank data showed on Thursday (March 16, 2023).

Romania's economic growth will slow down significantly in 2023, but will revive in 2024 more than previously anticipated, according to the minutes of the monetary policy meeting of the Board of Directors of the National Bank of Romania (NBR), Ziarul Financiar (ZF) reported.

Law firm Reff & Associates | Deloitte Legal has obtained from Romania's High Court of Cassation and Justice (HCCJ) the annulment of almost RON10 million interest rates imposed by Romanian authorities on a multinational company operating in the field of building products, which was forced to reimburse a state aid granted from the national budget.

Romania's final electricity consumption reached 47 billion kilowatt-hours (kWh) in January-November 2022, lower by 6.8% year-over-year, while the final electricity consumption in the local economy fell by 5.9%, the country's statistical office INS said on Monday (Jan 16, 2023).

Romania's capital market in Romania grew by 8.6% in November 2022 through the lens of the BET index, which includes the 20 most liquid companies listed on the Bucharest Stock Exchange (BVB), and the BET-TR index, which also includes dividends.

Romania's electricity production decreased by 4.5% year-over-year in January-October 2022, the country's statistical office INS said on Wednesday (Dec 14).

Romania's annual inflation rate will continue to increase until the end of 2022, thus rising above the values ​​estimated for the short term in the latest medium-term forecast, according to the minutes of the Executive Board meeting of the country's central bank.

Romania's gross domestic product (GDP) grew by 2.1% in real terms (in unadjusted data) in the second quarter of 2022 as compared to the first quarter of 2022, the country’s statistics board INS said on Wednesday (August 17).

Romania's gross domestic product (GDP) grew by 5.1% in real terms (in unadjusted data) in the first quarter of 2022 as compared to the fourth quarter of 2021, the country’s statistics board INS said on Friday (July 8).