International Reserves in Romania

Romania International Reserves | Economic News & Forecasts

Romania - International Reserves

Growth ticked up in the third quarter, although the slight acceleration was due to a surge in inventories which more than offset further cooling in consumer spending, still-falling fixed investment and a negative contribution from the external sector. In an attempt to curb the ballooning fiscal deficit, the cabinet approved a series of measures on 21 December, including a tax on banks’ assets designed to cap money market lending rates; taxes on energy and telecommunications companies; and an overhaul of the retirement system that allows Romanians, under certain conditions, to pull out of the mandatory private pension funds and switch to state management. The measures produced jittery reactions on the stock market, while analysts doubt they will bring the deficit below 3% of GDP. On the political front, the government survived a no confidence vote on 20 December, while on 1 January it took over the EU’s rotating presidency amid criticisms that the government is eroding the rule of law in the country.

Romania - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (EUR)32.5  32.2  32.2  34.2  33.5  

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Romania International Reserves Chart

Romania International Reserves
Note: International reserves in months of imports.
Source: National Bank of Romania.

Romania Facts

Bond Yield4.940.23 %Jan 30
Exchange Rate4.16-0.34 %Jan 30
Stock Market7,044-0.59 %Jan 30

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