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Romania's central bank has kept its inflation forecast at 7.5% for the end of 2023, according to the Quarterly Inflation Report presented by central bank governor Mugur Isarescu on Friday (November 10).

Romania's national grid company Transelectrica (TEL.RO) announced in a stock market on Oct 16 the signing of a memorandum of understanding (MoU) to perform a feasibility study for the construction of a high-voltage direct current (HVDC) transmission line and conversion stations on the territory of Romania.

Romania's current account balance posted a deficit of EUR13.7 billion in January-August 2023, lower than the EUR18.5 billion level reported in the same period of 2022, central bank data showed on Friday (October 13, 2023).

Romania's annual inflation decreased to 8.8% in September 2023, after stagnating at 9.4% month-on-month in August 2023, data from the country's statistics board INS showed on Thursday (October 12).

The net flow of foreign direct investment (FDI) in the financial intermediation and insurance sector saw a 47.4% decline due mostly to removing restrictions on dividend payouts, which was imposed by Romania's central bank at the onset of the COVID-19 pandemic, in order to ensure the capital resources essential in dealing with the impact of the pandemic on the balance sheets of credit institutions, as per central bank data.

Romania's current account balance posted a deficit of EUR11.89 billion in January-July 2023, lower than the EUR15.2 billion level reported in the same period of 2022, central bank data showed on Wednesday (September 13, 2023).

Romania's annual inflation stagnated at 9.4% in August 2023, a level similar with the one reported in July 2022, data from the country's statistics board INS showed on Wednesday (September 13).

Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as per data from the Council's annual report.

Romania's current account balance posted a deficit of EUR9.82 billion in January-June 2023, lower than the EUR11.9 billion in the same period of 2022, central bank data showed on Monday (August 14, 2023).

Romania's annual inflation decreased below the 10% threshold in July 2023, reaching 9.4% compared to July 2022, data from the country's statistics board INS showed on Friday (August 11).

Romania's current account balance posted a deficit of EUR8.27 billion in January-May 2023, lower by EUR1.66 billion (-16.7%) than the EUR9.93 billion level reported in the same period of 2022, central bank data showed on Friday (July 14, 2023), as cited by Ziarul Financiar (ZF) daily.

Romania's annual inflation continued to decrease in June 2023 reaching 10.3% compared to June 2022, data from the country's statistics board INS showed on Thursday (July 13).

Romania's third-party liability insurance RCA seems to be entering a downward trend after seeing significant increases both at the level of the entire segment and at the level of each company that operates this business line.

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.