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Romania’s GDP rises 5.3% in second quarter

Romania’s gross domestic product (GDP) went up by 5.3% in the second quarter of 2022 (Q2) compared to the same period of last year,...

Euro zone GDP growth speeds up in Q1 despite Ukraine war

The euro zone economy grew much faster in the first quarter of the year than in the previous three months despite the impact of...

Romania’s GDP grows 5.9% in 2021, consumption up 6.1%

Romania's economic output increased by 5.9% in 2021, after contracting by 3.7% in the previous year, preliminary data from the country's statistical board, INS...

EBRD lowers Romania’s 2022 economic growth forecast to 2.8%

Romania's gross domestic product (GDP) will increase by 2.8% in 2022, the European Bank for Reconstruction and Development (EBRD) said on Thursday, lowering its...

INS: Romania’s 2021 GDP rises 5.6%

Romania's economy rose by 5.6% in 2021, after decreasing by 3.7% in the previous year, flash data from the country's National Institute of Statistics...

Romania ends 2021 with 6.7%/GDP budget gap

Romania's consolidated budget deficit declined to 6.7% of the projected gross domestic product (GDP) in 2021, from 9.79% of GDP a year earlier, finance...

World Bank lowers Romania’s 2022 GDP growth projection to 4.3%

The World Bank said Romania's economy is expected to grow by 4.3% in 2022, cutting its June forecast by 0.2 percentage points, according to...

Romanian president endorses 2022 budget projecting 5.84% deficit, 4.6% GDP growth

Romania's president Klaus Iohannis on Tuesday evening endorsed the 2022 state budget, which projects a cash deficit equivalent to 5.84% of gross domestic product...

Romania’s budget deficit increases to 4.7% of GDP after 11 months

Romania's Finance Ministry said on Monday that the country's general consolidated budget deficit increased to 4.7% of the Gross Domestic Product  (GDP) after the...

Romania’s fast-tracked budget criticized by civil society

Romania’s government adopted its proposal for next year’s budget on Monday and parliament plans to adopt it before the Christmas break but the rapid...