Over the past five-six years, Romanian companies have been among the chief suppliers of industrial equipment for the large oil companies in the Middle East, which export their products to Bahrain, Iraq, Kuwait and Qatar. Romania ranked among the top 50 such suppliers, with the annual average value of exports to Bahrain of around USD [...]
Romania’s construction works volume index surged by 12.2% y/y in Q1 – a performance largely owed to low base effects and the seasonally low activity in the first quarter of the year, according to the statistics office INS. The sector is among the few that propped the overall economic growth in Q1, estimated by the […]
The election of Bucharest mayor Nicușor Dan as Romania's next president will likely pave the way for a new government to address the fiscal risks, although challenges remain "substantial," S&P Global Ratings said, quoted by Bloomberg and Economedia.ro. "Markets will want to see how quickly the new government is formed and how credible its fiscal […]
Asked whether the local currency RON (leu) is still overvalued, the governor of the National Bank of Romania (BNR), Mugur Isărescu, said in the press conference on the Quarterly Inflation Report on May 20 that the national currency is "within a range of balance." The mid-day exchange rate announced by BNR on May 20 marked […]
"The increase in fiscal revenues is inevitable. What matters is how and where it will be done," central bank governor Mugur Isărescu told a journalist during the press conference on the Quarterly Inflation Report on May 20, when asked about the likelihood that an increase in taxes and duties is necessary. Pursuing fiscal consolidation only […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for nearly the entire projection horizon, citing the planned lifting of the energy price capping mechanism at the end of June 2025 and higher core inflation contributions. The updated projections were published in the May 2025 edition of the Quarterly Inflation Report. According […]
George Simion, the leader of the far-right party AUR, announced Tuesday, May 20, that he would challenge the result of Romania's May 18 presidential election, in which pro-EU centrist Nicușor Dan emerged as the winner, at the Constitutional Court (CCR). He made several accusations of external political...
