Romanians pay loan installments with annual effective interest rates almost double compared to many European countries. According to Eurostat data, the average annual effective interest rate on ...

September 2024p, the balance-of-payments current account posted a deficit of EUR 19,777 million, compared with EUR 16,063 million in the same year-ago period. The breakdown shows that the deficit on ...

The three-month ROBOR index, which is used to calculate the cost of consumer loans in RON with variable interest rates, rose on Friday to 5.58% per year, up from 5.56% per year in the previous session ...

A new study by LIFE IS HARD, a leader in digitalizing the insurance industry, in collaboration with research firm Cult Research, provides an in-depth view of Romanians’ outlook, concerns, and openness ...

In 2024, real GDP growth is expected to decelerate markedly to 1.4%. Buoyant private consumption supported domestic demand and imports, while export growth remained subdued. A gradual recovery in ...

The political analyst Cristian Pirvulescu states that it is very likely that the turnout in the parlamentary elections will be good enough, due to the placement of the parliamentary voting between the ...

Romania’s October inflation rate came in at 4.67%, above consensus. There are renewed pressures from the drought in the country, and that’s prompting us to revise our inflation forecasts from 4.2% to ...

The European Commission's Autumn Forecast projects GDP growth in 2024 at 0.9% in the EU and 0.8% in the euro area. Economic activity is forecast to accelerate to 1.5% in the EU and to 1.3% in the euro ...

Prime minister Marcel Ciolacu, accompanied by a government delegation including the minister of foreign affairs, Luminita Odobescu, and the Minister of Defence, Angel Tilvar, will be in Brussels on ...

The greatest unexploited potential for green energy production from renewable sources is in rural areas, somewhere around 78%, with Spain, Romania and France having the most important potential in ...

The Ministry of Finance on Friday attracted 10 million RON from banks, in addition to Thursday's auction, when it borrowed 500 million RON through a benchmark government bond issue with a residual ...

The European Commission expects real GDP growth to slow significantly in 2024, to 1.4%, according to the EC ‘s autumn forecast. Romania’s general government deficit will reach 8% of GDP in 2024, much ...