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Romania

Macroeconomy

Markets

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: Good News, Bad News

Despite recent signs of economic stabilization, a worsening outlook for the eurozone (EZ) will shift exports, the engine of Romania’s tentative recovery, into reverse. Capital requirements for EZ parent banks will feed through to the Romanian economy via tighter lending conditions and interrupt the tentative credit recovery. More conservative fiscal target and slowing inflation will likely convince Romania’s central bank to further lower the policy rate after a surprise cut to 6.25% in November.

Read the latest Romania Outlook

Economic Research

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

Analysis

Central Europe Outlook 2012: Toward a Two-Speed Europe

Center for European Policy Analysis  Feb 01, 2012

Analysis

CEE Insights: How did private credits develop in the last two months of 2011?

Erste Bank (free registration required)  Feb 03, 2012

Analysis

Romania: Bank Lending Survey November 2011

National Bank of Romania  Feb 02, 2012

News

Romanian protests derail PM - and reforms

Reuters  Sam Cage Feb 02, 2012

Blogs

Romania: staying ahead on rate cuts

Financial Times, Beyond Brics  Stefan Wagstyl Feb 02, 2012

Analysis

Romania: Rate cut by 25bp to 5.5%

Raiffeisen Research  Feb 02, 2012

Blogs

Corruption in Romania- Năstase nailed

Eastern Approaches  T.W Feb 01, 2012

Analysis

Romania, Short Note: NBR cuts the key rate for the third time in a row

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

News

Romanian Former Prime-Minister Sentenced to Prison on Corruption

Bloomberg  Irina Savu and Andra Timu Jan 30, 2012

Analysis

Romania: Economic Overview Monthly- December 2011

Raiffeisen Research  Jan 31, 2012

News

IMF May Lower Romanian 2012 Economic Growth Forecast, ZF Reports

Bloomberg  Irina Savu Jan 30, 2012

News

Romanian GDP Probably Grew 2.5% in 2011, Exceeding Forecasts

Bloomberg  Irina Savu Jan 30, 2012

Analysis

CEE Weekly Bond Markets Outlook 27. January, 2012

doingbusiness.ro  Raiffeisen Bank Jan 30, 2012

Blogs

Protests in Romania - Romania's winter of discontent

The Economist  V.P Jan 30, 2012

Analysis

CEE Fixed Income Daily: Romania - Balance of Payments

Erste Bank Research (free registration)  Jan 30, 2012

News

Romania: Boc snowed under

Financial Times  Stefan Wagstyl Jan 27, 2012

Analysis

CEE Fixed Income Insights: How much has Asia become relevant for the CEE manufacturing sector?

Erste Bank Research (free registration)  Jan 27, 2012

Analysis

Romania - Weekly Financial Focus December 27, 2012

Erste Bank Research (free registration)  Jan 27, 2012

News

Poland and Romania Frontload Debt Sales, Seeking to Avert Change in Risk Appetite

Bloomberg  Irina Savu and Andra Timu Jan 26, 2012

News

Romanians rally, demand PM's resignation

Reuters  Jan 25, 2012

News

Romanian Banks Posted Total $127 Million Loss in 2011, ZF Says

Bloomberg  Irina Savu Jan 25, 2012

Blogs

EBRD: forecast cut amid warnings over bank deleveraging and eurozone crisis

Financial Times  Stefan Wagstyl Jan 24, 2012

News

Euro-Region Debt Crisis Spells Bank Risk in East, EBRD Says

Bloomberg  Agnes Lovasz Jan 24, 2012

Analysis

Regional Economic Prospects in EBRD Countries of Operations: January 2012

EBRD  Office of the Chief Economist Jan 24, 2012

News

Romania PM sacks foreign minister for remarks on protest

Reuters  Radu Marinas, Sam Cage and Luiza Ilie Jan 23, 2012

News

Riots in Romania - Anger management

The Economist  Jan 23, 2012

Analysis

CEE Insights: January 20, 2012

Erste Bank (free registration required)  Jan 20, 2012

News

CEE Money-Vienna Initiative 2.0 faces uphill battle

Reuters  Michael Winfrey Jan 20, 2012

Blogs

Erste in CEE: bearly optimistic

Financial Times, Beyond Brics  David Keohane Jan 20, 2012

Blogs

Romanian Anti-Austerity Protests Persist

Wall Street Journal  Joe Parkinson Jan 20, 2012

Analysis

EMEA Bi-Weekly: The good and the bad

Commerzbank AG  Jan 20, 2012

Analysis

Global Strategy Q1 2012

Erste Bank (free registration required)  Jan 20, 2012

News

Romanians rally to demand government's resignation

AlertNet/ Reuters  Sam Cage Jan 19, 2012

News

Thousands Protest in Romania Against Austerity for Eighth Day

Bloomberg/ Businessweek  Irina Savu and Andra Timu Jan 19, 2012

News

Austria clarifies plan to curb eastward lending

Financial Times  Stefan Wagstyl and Eric Frey Jan 18, 2012

News

Eastern Europe May Need Funding Deal to Avert Credit Drought

Bloomberg  Agnes Lovasz and Boris Groendahl Jan 18, 2012

News

Romania PM reappoints minister to ease anger

Reuters  Luiza Ilie Jan 17, 2012

Blogs

Rioting in Romania The battle of Bucharest

The Economist  V.P Jan 17, 2012

Blogs

Policy Makers Seek Remedy for CEE Bank Threat

The Wall Street Journal  Paul Hannon Jan 17, 2012

News

IMF, EU May Need to Spend More to Avoid East Europe Crunch

Bloomberg  Agnes Lovasz and Boris Groendahl Jan 17, 2012

News

Special Meeting of the European Bank Coordination “Vienna” Initiative

European Bank for Reconstruction and Development  Jan 17, 2012

News

Romanian PM warns protesters on fifth day

Reuters  Jan 16, 2012

News

Romania protests over health bill continue

Reuters  Jan 16, 2012

Analysis

CEEMEA 2012 Outlook: Slowing Growth and Growing Risks

Morgan Stanley Research  Jan 13, 2012

Analysis

CEE Fixed Income Insights January 13, 2012

Erste Bank Research (free registration)  Juraj Kotian et al Jan 13, 2012

Analysis

CEE Fixed Income Daily: Romania - Successful bond auction; Hungary - Talks with IMF

Erste Bank Research (free registration)  Jan 13, 2012

Analysis

Exchange market pressures in the EBRD’s countries of operations

European Bank for Reconstruction and Development  Asset Irgaliyev Jan 13, 2012

News

Romania- Press Release: Industrial production indices in November 2011

Romania National Institute of Statistics  Jan 10, 2012

Analysis

Short note: Romania: Inflation comfortably inside the target

Erste Bank (free registration required)  Eugen Sinca Jan 11, 2012

News

Romania December Inflation Rate Falls to Lowest in Two Decades

Bloomberg  Irina Savu Jan 11, 2012

Analysis

EMEA Bi-Weekly: Getting the Ball Rolling

Commerzbank AG  Jan 06, 2012

Opinions

12 for 2012: How will the eurozone crisis affect central and eastern Europe?

Financial Times  Michael Landesmann Jan 06, 2012

News

Over half of Romanians say corruption up last year while Parliament, most corrupt

Romania Business Insider  Irina Popescu Jan 06, 2012

News

Romanian PM: Romania’s economic growth close to 2% in 2011, above initial target

Romania Business Insider  Irina Popescu Jan 05, 2012

News

Romania investigates 40 officials over gas sales

Reuters  Radu Marinas Jan 05, 2012

News

Romania: Staying the course

Financial Times  Stefan Wagstyl Jan 05, 2012

Analysis

Romania: Monetary policy easing cycle continues

Erste Bank (free subscription required)  Jan 05, 2012

Analysis

Romania: Economic Overview- November 2011

Raiffeisen Research  Dec 29, 2011

Analysis

Romania: Monthly Bulletin- October 2011

National Bank of Romania  Dec 22, 2011

Analysis

Romania: Weekly Financial Focus- December 23, 2011

Erste Bank (free registration required)  Dec 23, 2011

News

Fitch : The quality of the banks assets in Romania is weak

Romanian News Agency  Dec 22, 2011

Blogs

Romania’s Government Survives Confidence Vote

Wall Street Journal  Dec 22, 2011

News

Euro-zone Debt Crisis Affects Emerging Europe Ratings Outlook - Fitch Ratings

The Wall Street Journal  Ben Edwards Dec 21, 2011

Analysis

CEE Special Report - Outlook 2016

Erste Bank Research (free registration)  Birgit Niessner et al Dec 21, 2011

Analysis

Unicredit Quarterly: Q1 2012

UniCredit Research   December 2011

Analysis

EM Country Briefing - Central Eastern Europe: External funding in 2012

Commerzbank (registration needed)  Barbara Nestor and Ekaterina Koptsova Dec 19, 2011

News

East Europe May Tap IMF Aid to Plug Financing Gap, Bank Says

Bloomberg  Milda Seputyte Dec 19, 2011

Analysis

EMEA Bi-Weekly- Eurozone crisis and bank deleveraging cast a long shadow

Commerzbank (free registration)  Dec 16, 2011

Analysis

CEE Fixed Income Insights December 16, 2011

Erste Bank Research (free registration)  Dec 16, 2011