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...
Tag : Romanian economy
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...
Double-Digit Inflation in Romania, earlier than Expected
Inflation has reached two digits in Romania: 10%. Romanians pay more for food, fuel, gas, electricity, and consumer goods. The prices have skyrocketed earlier than...
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...
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...
