Romania

MARKET MOVING NEWS ECONOMY -Romania was visited by 2.1 million foreign tourists in 2024, 11% more than in 2023, who spent a total of RON6.5 billion (EUR1.3 billion), namely, an average value of RON3,024 per person, according to data from the National Institute of Statistics (INS). FINANCE -Raiffeisen Bank S.A. announced on March 19 that Moody’s has affirmed its ratings, maintaining a

MARKET MOVING NEWS ECONOMY -Romania’s productivity, measured by gross added value per hour worked, has seen significant growth, rising from 26% of the EU average in 2008 to 44% in 2024. According to an analysis by Alpha Bank Romania, women have played a remarkable role in driving this progress. FINANCE -InterCapital Asset Management (ICAM), the largest independent investment manager in Croatia, with

MARKET MOVING NEWS ECONOMY -Romania’s government debt increased to RON 964.345 billion in December 2024, up from RON 936.995 billion in November 2024, according to data from the Finance Ministry. -The country’s current account deficit reached EUR 1.64 billion in January 2025, exceeding the EUR 1.42 billion reported in January 2024, according to central bank data released on Monday (March 17, 2025).

MARKET MOVING NEWS ECONOMY -The beginning of 2025 saw a contraction in nominal wages. According to the National Institute of Statistics (INS), the average net salary in Romania decreased by 5.6% (RON 317) in January 2025 compared to December 2024, reaching RON 5,328 (approximately EUR 1,070). -The labor market showed a slight decline in the fourth quarter of 2024. The employment rate

MARKET MOVING NEWS ECONOMY -Annual inflation in Romania stood at 5.02% in February 2025, slightly above the 5.0% recorded in January, according to data from the National Institute of Statistics (INS) released on March 13. -Industrial production fell 2.5% year-on-year in January 2025 (unadjusted data). However, when adjusted for the number of working days and seasonality, production showed a 2.1% increase. FINANCE

MARKET MOVING NEWS ECONOMY -Romania’s trade deficit widened to €2.7 billion in January 2025, marking a 38.5% increase (€761 million) compared to January 2024, according to data from the National Institute of Statistics (INS) -Net investment in Romania’s economy declined by 4.9% in 2024, reaching RON 193.79 billion (€38.94 billion), according to provisional INS data. -The Romanian automotive sector continued to struggle,

MARKET MOVING NEWS ECONOMY Land Market Stability: Romania’s land market demonstrated resilience in 2024, with transaction volumes holding steady at approximately EUR 450 million, mirroring 2023 figures. This stability occurred despite prevailing economic and political uncertainties, as reported by Colliers. FINANCE Government Bond Auctions: The Ministry of Finance successfully raised RON 2.02 billion from banks on March 10th through two government bond

MARKET MOVING NEWS ECONOMY – Bucharest has surpassed the GDP of both Bulgaria and Serbia, despite each country having double the population (6.7 million) and capital cities with 1.7 million residents. Eurostat data reveals the Bucharest-Ilfov region’s nominal GDP reached EUR 95.5 billion in 2023, showcasing its strong economic performance.-Romania’s economy is poised for a significant boost, with EUR 450-500 million in

MARKET MOVING NEWS ECONOMY -Romania’s economy grew by just 0.9% in real terms in 2024, compared to 2023, according to provisional estimates released by the National Institute of Statistics (INS) on Friday. FINANCE -State-owned nuclear power producer Nuclearelectrica (SNN) has published its 2025 budget of revenue and expenditure, set to be voted on at the Ordinary General Meeting of Shareholders on April

MARKET MOVING NEWS ECONOMY -Retail sales volume in Romania (excluding motor vehicles and motorcycles) grew by 4.1% in unadjusted data and by 3.2% when adjusted for seasonality and working days, in January 2025 compared to January 2024, according to the National Institute of Statistics (INS). -Hourly labor costs, adjusted for the number of working days, increased by 0.76% in Q4 2024 compared