Romania: Inflation Drops to 6.7%, Still Highest in EU
According to the European official statistics for March, Romania is the EU’s inflation champion. In March, Romania had the highest inflation in the European Union,...
Category : Economy
Romanian Neobank SALT: All You Need To Know
The Romanian banking landscape is undergoing a significant transformation with the arrival of neobanks. SALT, launched in April 2024, stands out as the first entirely...
Romania: Despite High Inflation Rate, National Bank Maintains Monetary Rate at 7pc
In its meeting of 4 April 2024, the Board of the National Bank of Romania decided: to keep the monetary policy rate at 7.00 percent...
Romania’s GDP Per Capita Is Close to Poland’s
Eurostat shows that in 2023, Luxembourg, Ireland, and the Netherlands remained the wealthiest European nations, while France is at the EU average, Germany is just...
Romania: Living On Credit
In January 2024, the balance-of-payments current account posted a deficit of EUR 1,358 million, compared with EUR 760 million in January 2023. The breakdown shows...
Fitch Affirms Romania at BBB-, Outlook Stable
FitchRatings has affirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. ROMANIA’S RATING: KEY RATING DRIVERS EXPLAINED Structural Strength and...
Bloomberg: Romania May Need the Rest of the Decade to Reduce Budget Gap
The budget gap in Romania has skyrocketed. In the most recent interview, Romania’s Finance Minister told Bloomberg that the country might need the rest of...
Romania’s External Debt Reaches New Record: EUR 168 Billion
In January – December 2023, Romania’s total external debt increased by EUR 25 billion to EUR 168 billion, of which: long-term external debt in end-December...
Romania on 2nd by European Funds Absorption
Romania has reached 2nd place in the European Union from the perspective of the nominal value of the absorption of European funds on the Cohesion...
Romania National Bank Keeps Monetary Policy Rate at 7% per Annum
In its meeting on 12 January 2024, the Board of the National Bank of Romania decided: to keep the monetary policy rate at 7.00 percent...
