Romanian New Currency RON Reaches New Historical Low
A week before local elections to be held on September 27 in Romania, the national currency, RON, reaches a new historical low. One Euro, the...
Category : Economy
Will Romania Ask for an IMF Deal?
If an external observer watched the Romanian officials declarations, he would notice the opinions are drastically divided. On one side we have the Romanian Government,...
Romania Picks Up on European Funds Absorption
Romania absorbed more European funds in the first 10 months since the current Government is in office. According to the PM Ludovic Orban, Romania has...
Romania Has the Biggest Retail Trade Volume Growth in EU in July
Not only that, but Romania is the only country in the South-Eastern Europe which registered an increase in the retail trade volume year-on-year for July,...
National Bank of Romania and ECB Prolonged Repo Line Arrangement Until June 2021
In June 2020, the National Bank of Romania – BNR and the European Central Bank – ECB set up a repo line meant to inject...
Fitch: Level of Pension Hike in Romania Affects Country’s Rating
The amount by which Romania’s government will hike pensions in September and the level of political volatility are key to fiscal prospects for Romanian economy,...
Romanian PM: Restaurants Could Be Open from September
Romanian PM, Ludovic Orban, announced on Tuesday, August 25, that restaurants could be opened again starting on September the 1st. A decision on that could...
Romania Could Use Turkish Infrastructure for Natural Gas Extraction at Black Sea
Recently, Turkish president, Recep Tayyip Erdoğan, announced that Turkey discovered an important natural gas deposit under the Black Sea. The quantity of the natural gas...
Romania’s Economy Falls 12.3% in Q2
Romania’s economy falls 12.3% in Q2 as compared to Q1 2020. Year to year, the fall in Q2 2020 as compared to Q2 2019 is...
Romanian National Bank Lowers Monetary Policy Rate to 1.5%
On Wednesday, August 5, the National Bank of Romania decided to further lower the monetary policy rate, from 1.7% to 1.5% starting from Friday, August...
