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Romania

Macroeconomy

Geostrategy

Key Indicators

Consumer Price Index
Index Number - Romania
4.38, 7.14, 7.58, 7.77, 7.73 7.73
Unemployment Rate
Romania
8.1, 7.7, 7.4, 7.4, 7.4 7.4
Gdp At 2000 Prices
Millions Of Romanian Leu - Romania
34724.7, 36916.6, 22459.1, 27224.6, 33866.8 33,866.8
data by Factset

Romania Outlook: It Will Get Worse Before It Gets Better

Brighter economic prospects in the core eurozone (EZ) economies, a lessening of banking risks and more accommodative monetary policy mean that the growth deceleration will be softer than we forecast in December. Despite ongoing fiscal consolidation efforts, the government’s plan to tap €6 billion in EU funds (4.4% of GDP) this year will boost planned infrastructure investment and offset a sluggish private investment outlook. Benign inflation outlook in the near term, along with stable currency and flagging economic activity, will convince the Romanian central bank (NBR) to maintain its dovish stance and cut its policy rate by another 25 basis points to 5.25%.

Read the latest Romania Outlook

Economic Research

Europe Weekly

Austerity Pressures European Politicians, Undermines Policy Responses

By Katharina Jungen, Mark Willis, Megan Greene, Jelena Vukotic, Elisa Parisi-Capone, Mikko Forss and Rachel Ziemba May 4, 2012

Global Economic Outlook

Romania Outlook: It Will Get Worse Before It Gets Better

By Jelena Vukotic Mar 19, 2012

Europe Weekly

European Growth: Reading the Tea Leaves

By Elisa Parisi-Capone, Mark Willis, Jelena Vukotic , Parul Walia, Sehaj Malik, Maya Senussi and Mikko Forss Feb 17, 2012

Economic Research

Romanian Government Reshuffle: New Faces, Same Policy Course

By Jelena Vukotic Feb 8, 2012

Economic Research

EZ Banks Retreat from Eastern Europe: Auf Wiedersehen! Muah, Muah

By Jelena Vukotic Feb 6, 2012

Europe Weekly

ECB Meeting Preview; Italian Economic Headwinds; UK Manufacturing; Romanian Politics; EZ Calendar

By Elisa Parisi-Capone, Mark Willis, Parul Walia, Jelena Vukotic, Jennifer Hsieh and Katharina Jungen Feb 3, 2012

Europe Weekly

German Slump; French, Finnish Elections; Eastern Europe Monetary Policy; EZ Calendar

By Katharina Jungen, Jelena Vukotic, Mikko Forss and Mark Willis Jan 13, 2012

Global Economic Outlook

Romania Outlook: Good News, Bad News

By Jelena Vukotic Dec 6, 2011

Europe Weekly

EZ Crisis Response; Eastern Europe Banks; ECB Monetary Policy; Hungary and the IMF; Belgian Politics; EZ Calendar

By Elisa Parisi-Capone, Jelena Vukotic, William Oman, and Mark Willis Nov 25, 2011

Economic Research

Eastern European Banks: Funding Crisis Reprised?

By Jelena Vukotic Nov 8, 2011

Europe Weekly

EZ PMIs; Greek Politics; UK Growth; Romanian Monetary Policy; Russian IP; Turkish Inflation; EZ Calendar

By Elisa Parisi-Capone, Megan Greene, Parul Walia, Jelena Vukotic, Tetiana Sears, Maya Senussi, Katharina Jungen, Mark Willis and William Oman Nov 4, 2011

Global Economic Outlook

Romania Outlook Update: Nascent Recovery at Risk

By Jelena Vukotic Sep 19, 2011

Global Economic Outlook

Emerging Europe and CIS Outlook Update: Weaker Growth Across the Region

By Rachel Ziemba, Jelena Vukotic and David Rogovic Sep 16, 2011

Europe Weekly

Europe-Wide Growth Slowdown

By Elisa Parisi-Capone, Katharina Jungen, Mikko Forss, Jelena Vukotic, Parul Walia, William Oman, Sehaj Malik, Filipe Albuquerque Aug 19, 2011

Economic Research

Eastern Europe: Fallout from Italy’s Debt Concerns

By Jelena Vukotic and David Rogovic Jul 19, 2011

Europe Weekly

Turkish Credit Growth; UK Consumption; Russian Payroll Tax; Greek Crisis Impact on Romania; Finnish Growth Policy

By David Rogovic, Deepika Sharma, Parul Walia, Jelena Vukotic, Mikko Forss, Tim Azarchs and David Rogovic Jun 24, 2011

Global Economic Outlook

Emerging Europe and CIS Outlook Update: Recovery Takes Root

By David Rogovic and Rachel Ziemba Jun 20, 2011

Global Economic Outlook

Romania Outlook Update: Finally Out of Recession

By Jelena Vukotic Jun 7, 2011

Economic Research

Eastern Europe Banking: Wary of Eurozone Debt Jitters

By Jelena Vukotic May 26, 2011

Europe Weekly

German Consumer Climate; French Public Finances; Greek Fiscal Slippage

By Katharina Jungen, Mark Willis, Elisa Parisi-Capone, Parul Walia and Jelena Vukotic Apr 29, 2011

Europe Weekly

Portugal Rescue; Emerging Europe Nuclear Policy; Turkish Tightening

By Filipe Manuel Pires de Albuquerque, Elisa Parisi-Capone, Jelena Vukotic, James Mason, Sehaj Malik, Parul Walia, Mikko Forss and Mark Willis Mar 25, 2011

Economic Research

Emerging Europe: Nuclear Renaissance Still On Track

By Jelena Vukotic Mar 25, 2011

Economic Research

Eastern Europe: Are Higher Commodity Prices a Monetary Policy Game-Changer?

By Jelena Vukotic and David Rogovic Mar 21, 2011

Global Economic Outlook

Romania: Improving, But a Long Way to Go

By Jelena Vukotic Mar 18, 2011

Global Economic Outlook

Emerging Europe & CIS Outlook: Leaders and Laggards

By David Rogovic, Jelena Vukotic and Rachel Ziemba Mar 18, 2011

Europe Weekly

Eastern Europe Monetary Policy; Icelandic Policy Rate; Irish Fiscal Challenges

By Jelena Vukotic, David Rogovic, Mikko Forss and William Oman Mar 18, 2011

Europe Weekly

UK Inflation Report; Spanish GDP; Romanian External Imbalances

By Elisa Parisi-Capone, Mark Willis, Jelena Vukotic, Mikko Forss and James Mason Feb 18, 2011

Economic Research

Romania: Resurrecting External Imbalances

By Jelena Vukotic Feb 18, 2011

Europe Weekly

Fidesz vs. Hungary’s Central Bank; CEE Pension Pains; Icesave Progress

By Mary Stokes, Jelena Vukotic, Mikko Forss, Mark Willis and Parul Walia Dec 17, 2010

Economic Research

Central and Eastern Europe: Pension Reform Pains

By Jelena Vukotic Dec 17, 2010

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Southeast Europe: 2011 Outlook

By Jelena Vukotic Dec 7, 2010

Global Economic Outlook

Romania: 2011 Outlook

By Jelena Vukotic Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Economic Research

Romania’s Debt-Selling Tactic: Short-Term Gains, Long-Term Pain

By Jelena Vukotic Nov 8, 2010

Europe Weekly

German Labor Market Miracle; Polish Fiscal Worries; UK Growth

By Katharina Jungen, Parul Walia, Mary Stokes, Jelena Vukotic and James Mason Oct 29, 2010

Economic Research

Romania: Not a Favored Destination for Capital Flows

By Jelena Vukotic Oct 29, 2010

Europe Weekly

Fiscal Consolidation Threats

By Katharina Jungen, Elisa Parisi-Capone, Jelena Vukotic and David Rogovic Oct 1, 2010

Economic Research

Romania: Policy Rate on Hold, but Political Risk Looms

By Jelena Vukotic Oct 1, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

Global Economic Outlook

Southeast Europe: September 2010 Outlook Update

By Jelena Vukotic Sep 10, 2010

Global Economic Outlook

Romania: September 2010 Outlook Update

By Jelena Vukotic Sep 10, 2010

Europe Weekly

Periphery Bank Borrowings; German H2 Preview; Romania's IMF Loan Risk

By Elisa Parisi-Capone, Katharina Jungen, Mikko Forss, Jelena Vukotic and Parul Walia Aug 27, 2010

Economic Research

Europe Weekly Spotlight: Eurozone Q2 Growth; Is Germany Rebalancing?; Polls Near in Latvia and Sweden

By Elisa Parisi-Capone, Katharina Jungen, Mary Stokes, Parul Walia, David Rogovic and Eric Persson Aug 13, 2010

Economic Research

Europe Weekly Spotlight: Greek Loan Review; Depressed French Consumers; UK Financial Reform

By Elisa Parisi-Capone, Katharina Jungen, Parul Walia, Rachel Ziemba, David Rogovic, Mary Stokes and Frances Donald Aug 6, 2010

Global Economic Outlook

Southeast Europe: Q3 2010 Outlook

By Jelena Vukotic Jul 10, 2010

Global Economic Outlook

Romania: Q3 2010 Outlook

By Jelena Vukotic Jul 10, 2010

Economic Research

Europe Weekly Spotlight: Merkel’s Worries Increase; Romania Ceases Monetary Easing

By Elisa Parisi-Capone, Katharina Jungen, Parul Walia, Jelena Vukotic and David Rogovic Jul 2, 2010

Economic Research

Europe Weekly Spotlight

By Mary Stokes, Elisa Parisi-Capone, Katharina Jungen, Mikko Forss, Parul Walia and Jelena Vukotic Jun 18, 2010

Global Economic Outlook

Romania: Q2 2010 Outlook

By Jelena Vukotic Apr 12, 2010

Global Economic Outlook

Romania: Q1 2010 Outlook

By Mary Stokes Jan 30, 2010

Economic Research

Romania Economic Outlook, Q4 2009

By Mary Stokes Oct 7, 2009

Economic Research

Romania Economic Outlook, Q3 2009

By Mary Stokes Jul 24, 2009

Economic Research

Rocky Road Ahead for Romania

By Mary Stokes Feb 22, 2008

Daily Digest

News

South Korea’s Hyosung Plans $150 Million Investment in Romania

Bloomberg  Andra Timu May 23, 2012

News

Romanian Parliament Passes Law to Change Election System

Bloomberg  Andra Timu May 22, 2012

News

EBRD-East Europe wary of fresh euro bank crunch

Reuters  Carolyn Cohn May 21, 2012

News

Romania Plans Bond Abroad As Leu-Debt Sales Shrink

Bloomberg  Irina Savu May 21, 2012

Blogs

CEE: a bit of sun amid the clouds

Financial Times  May 18, 2012

Blogs

EBRD: CEE will be OK, unless…

Financial Times, Beyond Brics  Neil Buckley May 18, 2012

News

Eastern Europe Faces Credit Risk As Development Bank Meets

Bloomberg  Agnes Lovasz May 18, 2012

Analysis

CEE Insights: How will the GDP trajectory look like in the reminder of this year?

Erste Bank (free registration required)  May 18, 2012

Analysis

EMEA Weekly: South Africa in focus

Danske Bank  May 17, 2012

Analysis

European Economic Forecast– Spring 2012

European Commission  May 11, 2012

News

Recession hits "pretty grim" EU states in the east

Reuters  Michael Winfrey May 15, 2012

News

Romanian Economy Returns to Recession in First Quarter on Crisis

Bloomberg  Irina Savu May 15, 2012

News

Romania: Gross Domestic Product in the first quarter of 2012 –“flash” estimates

Romanian National Institute of Statistics   May 15, 2012

Blogs

CEE: eurozone storms expose home-grown weaknesses

Financial Times, Beyond Brics  Stefan Wagstyl and Kester Eddy May 15, 2012

Blogs

CEE: GDP numbers shock investors

Financial Times, Beyond Brics  Stefan Wagstyl May 15, 2012

Blogs

Weak GDP May Signal Monetary Easing in EU’s East

Wall Street Journal  Sean Carney May 15, 2012

Analysis

Romania: Real GDP fell marginally in Q1

Raiffeisen Research  May 15, 2012

Analysis

Romania Short Note: Short Note GDP slipped into negative territory for the second consecutive quarter

Erste Bank (free registration required)  Dumitru Dulgheru May 15, 2012

News

Romanian Prime Minister Victor Ponta: Seeking Growth With Stability in Romania

The Wall Street Journal (subscription required)  May 14, 2012

News

New Romanian PM To Stick To Austerity

Wall Street Journal  Gordon Fairclough May 14, 2012

News

Romania PM Vows Growth, Stability .

Wall Street Journal  Gordon Fairclough May 13, 2012

News

Central Europe countries seen meeting EU deficit limit next year

Reuters  Robin Emmott May 11, 2012

Blogs

EU Sees Slowing Economy, Narrowing Budget Gaps Among New Members

WSJ Emerging Europe  Veronika Gulyas May 11, 2012

Analysis

Romania: Weekly Financial Focus - May 11

Erste Group Research  May 11, 2012

Analysis

Romania Short Note: Disinflation beats all expectations in April

Erste Group Research  May 11, 2012

Analysis

EMEA Weekly: Poland dominates EMEA agenda

Danske Bank  May 10, 2012

Analysis

Romania Macro Outlook: Growth beyond election year

Erste Group Research  May 10, 2012

Blogs

Romania: 340 jobs at new Bosch plant

Financial Times  Stefan Wagstyl May 09, 2012

News

IMF’s Franks Sees Room for Romanian Central Bank to Ease Policy

Bloomberg  Irina Savu and Andra Timu May 09, 2012

News

Romania Agrees With Bailout Lenders on Increasing Budget Gap

Bloomberg  Irina Savu and Andra Timu May 09, 2012

News

Romania: Estimated data – The international trade of goods in March and Quarter I 2012

Romanian National Institute of Statistics   May 09, 2012

News

Romania's new government seals parliament backing

Reuters  Luiza Ilie May 07, 2012

News

Romanian Lawmakers Hold Confidence Vote in 3rd Cabinet This Year

Bloomberg  Irina Savu and Andra Timu May 08, 2012

News

Romania seals deal with IMF to raise public wages

Chicago Tribune  May 08, 2012

Analysis

Romania: Summary- Inflation Report May 2012

National Bank of Romania  May 08, 2012

Blogs

Romania: Can Ponta stay the course?

Financial Times  Stefan Wagstyl May 08, 2012

Analysis

CEE Macro/Fixed Income Daily: Hungary’s IMF Loan Talks; Romania’s New Government

Erste Bank (registration required)  May 08, 2012

News

Romania: Average Gross Wages March 2012

Romania National Institute of Statistics  May 07, 2012

Analysis

Romania’s government falls: Next!

Economist  May 05, 2012

Opinions

Central Europe walks austerity tightrope

Reuters  Sam Cage May 04, 2012

Analysis

CEE Financial Market Report: Economic Expectations for the CEE Region Reversed

ZEW (Centre for European Economic Research) and Erste Bank  May 04, 2012

Analysis

Romania: Weekly Financial Focus, May 4

BCR Research  May 04, 2012

Analysis

CEE Fixed Income Daily: Romania- March retail sales confirm slight recovery; CEE Fixed income

Erste Bank (free registration required)  May 03, 2012

News

Romania: Industrial production price index- March 2012

Romania National Institute of Statistics  May 03, 2012

Analysis

Romania: Top 10 challenges in 2012

Erste Bank (free registration required)  May 03, 2012

News

Ally of ousted cabinet to back new Romania government

Reuters  Radu Marinas Apr 29, 2012

News

Romania Keeps Rate Unchanged at 5.25% on Political Turmoil

Bloomberg  Irina Savu May 02, 2012

Analysis

Romania Short Note: Key rate unchanged at 5.25%

Erste Bank (free registration required)  Eugen Sinca May 02, 2012

News

Romanian Premier Sets Cabinet, Georgescu Named as Finance Chief

Bloomberg  Irina Savu and Andra Timu May 01, 2012

News

Romania Post-Election Policy Key Amid Higher Uncertainty

Fitch Ratings  Gergely Kiss Apr 30, 2012

News

Romania: Lack Of Political Support Dooms Government

Eurasia Review  Paul Ciocoiu May 01, 2012

News

IMF delays Romania review after government falls

Reuters  Radu Marinas Apr 30, 2012

News

FEATURE-Romania energy deregulation key to new investment

Reuters  Luiza Ilie Apr 30, 2012

Blogs

The Romanian government falls: Another one bites the dust

Eastern Approaches  V.P Apr 27, 2012

News

Romania Won’t Cut Rates as Political Turmoil Sinks Leu

Bloomberg  Irina Savu Apr 30, 2012

News

Erste Cuts Profit Outlook on Hungary, Romania Loan Losses

Bloomberg  Boris Groendahl Apr 30, 2012

Analysis

Romania: Government fails as no-confidence motion passes

Raiffeisen Research  Apr 30, 2012

Analysis

CEE Fixed Income Daily: CEE Politics and FX; Romanian government loses no-confidence vote

Erste Bank (free registration required)  Apr 30, 2012

News

Romania Seeks to Reassure Markets

Wall Street Journal  Apr 29, 2012

News

Romanian government toppled, Czechs face test too

Reuters  Sam Cage and Jason Hovet Apr 27, 2012

Blogs

Romania: government falls amid public anger at austerity

Financial Times, Beyond Brics  Stefan Wagstyl Apr 27, 2012

News

Romania’s Cabinet Falls After Losing No-Confidence Vote

Bloomberg  Alan Crosby Apr 27, 2012

Analysis

EMEA Bi-Weekly- Here we go again

Commerzbank AG  Apr 27, 2012

Analysis

Romania Short Note: Update on the fall of the Romanian government

Erste Bank (free registration required)  Eugen Sinca Apr 27, 2012

Analysis

Romania Short Note: Romanian government toppled in the Parliament

Erste Bank (free registration required)  Eugen Sinca Apr 27, 2012

Analysis

EMEA Weekly: Turkish inflation stays stubbornly high

Danske Bank  Apr 26, 2012

Analysis

Monetary indicators - March 2012

The National Bank of Romania  Apr 26, 2012

Analysis

EMEA Weekly: CEE PMI heading lower again

Danske Bank Research  Apr 26, 2012

News

Romania's Transgaz says Nabucco pipeline still viable

Reuters  Radu Marinas Apr 25, 2012