Inflation Rising in Romania: Prices up to 3,7% in April
According to the National Institute of Statistics, the inflation rate in April 2022 was 13.8%. Consumer prices grew by 3.7% in April 2022 compared to...
Tag : Romanian economy
Romania’s National Bank Increases Monetary Policy Rate to 3.75pc following Double-Digit Inflation
In the meeting held on May 10, 2022, based on the currently available data and assessments, as well as in light of the extremely elevated...
Europe Day: Romania’s Place in European Union
Europe Day commemorates “peace and unity in Europe,” celebrated by the Council of Europe on May 5 and the European Union on May 9. On...
Romgaz Pays $1 Billion to Buy EXXON Shares in Neptun Deep Project in the Black Sea
Romgaz, the state-owned business, will take over the American portion of the Neptun Deep project from Exxon. This was announced in November last year by...
Romania’s Minister of Labor on May 1st: We Witness Destruction of Jobs, Businesses, Lives
There is a crisis in the labor market, and this is what the Romanian Minister of Labor, Constantin Budai, admits in his message issued on...
Romania’s Economy: Number of Dissolved Companies Increased by 25% in Q1 2022
The number of dissolved enterprises grew by about 25% in the first months of 2022. This is terrible news for Romania’s economy. According to data...
IMF: Unemployment in Romania to Rise to 5.6% in 2022
The International Monetary Fund (IMF), which reduced its October forecast of 4.8% growth, said Romania’s gross domestic product would increase by only 2.2% in 2022....
Romania’s Neverending Quest for Highways
Romania is the eighth-largest country in the European Union, yet its 931-kilometer highway network is one of the smallest, meaning a percentage of 5,3 of...
Opinion Poll: 77% of Romanians Expect an Economic Downturn this Year
77% of Romanians expect an economic downturn in 2022 because of the rising prices that have affected Romania lately. Romanians do not believe their current...
S&P Affirms Romania’s Sovereign Debt to BBB-, Stable Outlook
Standard & Poor’s Global Ratings affirmed on Friday, April 15, the sovereign rating of Romania’s government debt to BBB- / A-3 for long-term and short-term...
