Macro

Companies headquartered in Bucharest conducted international trade operations worth €53.2 billion in the first ten months of 2024, accounting for 29.2% of Romania’s total foreign trade, according to data published by the National Institute of Statistics (INS) as of October 31, 2024. In terms of regional trade contributions, Bucharest remains the dominant economic hub, significantly surpassing all other counties. Ilfov follows with

Romania’s economy exhibited a moderate growth trajectory in 2024, achieving a 0.9% increase in Gross Domestic Product (GDP) compared to the previous year, according to preliminary data released by the National Institute of Statistics (INS). This growth, while steady, reflects a complex interplay of sectoral performances and consumer behaviors.   In the final quarter of 2024, the seasonally adjusted GDP reached 453.833

The Macroeconomic Confidence Index of the CFA Society Romania rose by 2.3 points in January 2025, reaching 40.4 points. According to analysts, inflation is expected to reach 4.97% over the next 12 months. Adrian Codirlasu, Vice-President of the CFA Romania Society, highlighted that the Romanian economy will face significant challenges this year. These include a substantial government deficit, economic growth below potential

Fitch Ratings has reaffirmed Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘, but the Negative Outlook underscores significant concerns about the nation’s fiscal health and political stability. While Romania benefits from EU membership, strong governance indicators, and a relatively high GDP per capita compared to its ‘BBB’ peers, these strengths are overshadowed by persistent twin deficits, escalating public debt, and heightened

Business activity in the Eurozone showed modest growth in January, according to the latest report by S&P Global and Hamburg Commercial Bank (HCOB). The composite Purchasing Managers’ Index (PMI) rose to 50.2, up from 49.6 in December, signaling marginal expansion in the region’s private sector. At 50.2, the January PMI reading is the first in months to cross the 50-point mark, the

Italian financial group UniCredit has projected a 1.8% growth for Romania’s economy in 2025. The primary driver of this growth is anticipated to be private consumption. According to the leading European financial institution’s projections fixed investments will contribute 1pp to Romania’s overall growth rate, half the 2pp contribution of private consumption. Unicredit estimates that public investment will have a greater contribution to

In the eurozone the government deficit to GDP ratio increased from 3.5% in 2022 to 3.6% in 2023, and in the EU from 3.2% to 3.5%, Eurostat said. In the eurozone the government debt to GDP ratio decreased from 89.5% at the end of 2022 to 87.4% at the end of 2023, and in the EU from 82.5% to 80.8%. In 2023,

In the first half of 2024, Romania’s GDP recorded an annual growth of 0.7% for the unadjusted data series and 1.5% for the seasonally adjusted data series in the first half of 2024 compared to the same period of 2023, provisional estimates from the National Institute of Statistics (INS) showed on Friday (Sept 6). During the period under review, the following economic

Romania’s trade deficit dropped by 17.6% to 25.555 billion euro in January-November 2023, the National Statistics Board (INS) data showed on Tuesday. Exports grew by 2% to 86.921 billion euro, while imports fell 3.2% to 112.477 billion euro. In November alone, exports decreased by 2.2% on an annual basis to 8.222 billion euro, while imports fell 3.9% to 10.579 billion euro. The

Growth in Romania is now expected at only 1.8% in 2023 as a whole,  considering the slowdown in the first half of the year, according to a report published on Wednesday (Sept. 27) by the European Bank for Reconstruction and Development (EBRD). The London-based financial institution’s  projection was downwardly revised from an initial 2.5% one in May. Romania’s economy proved resilient in