World Bank Forecast: Romania’s Economy to Increase by only 1.9% in 2022
The World Bank has revised Romania’s economic growth initial forecast for 2022 from + 4.3% to + 1.95%. Due to the conflict in Ukraine, Russian...
Tag : Romanian economy
Fitch Affirms Romania at ‘BBB-‘, Outlook Remains Negative
Bad news for Romania’s economy. According to Fitch Ratings, Romania remains at BBB- amid regional tensions and galloping inflation, with a negative outlook. In its...
National Bank of Romania Increases Monetary Policy Rate to 3%
The Board of the National Bank of Romania, having convened for the meeting on 5 April 2022, established new decisions on monetary policy. It seems...
Romanian Unions Protest for Higher Salaries
The Romanian National Trade Union Bloc protested on April 6 in Bucharest for higher salaries in the context of escalating prices for goods and services....
Romania’s International Reserves Drop 4% in March 2022
As of March 31, 2022, the foreign exchange reserves at the National Bank of Romania amounted to 40,143 million euros, compared to 41,877 million euros...
Romania Records Highest Road Fatality in Europe
Romania records the highest road fatality in Europe in 2021, with an average of 93 deaths per 1 million inhabitants, according to a European Commission...
EU Commissioner: 4% Economic Growth Expectation for Romania in 2022
Romania’s economy is expected to grow at roughly 4% this year, but the impact of the Ukraine conflict will be felt, according to the European...
Romanian Tourism: EUR 400 Million Earned in 2021
Foreigners who choose to visit Romania in 2021 contributed more than EUR 400 million to Romanian tourism. Yet, even this figure is low, compared to...
Romania’s Economy Declines by 0.1% in Q4 2021
Gross domestic product in the fourth quarter of 2021 was lower, in real terms, by 0.1% compared to the previous quarter, Romania’s National Institute of...
Romania Caps Energy, Gas Prices
The Romanian Government is taking steps in helping Romanian citizens cope with the current high prices of gas and energy by implementing new measures to...
