International Reserves in Romania

Romania International Reserves | Economic News & Forecasts

Romania - International Reserves

Economic activity appears to have moderated in the fourth quarter of last year, following the third quarter’s acceleration which was propelled by a jump in inventories. Industrial production growth was weak in October-November, as was external demand, both of which suffered from a cooling industrial sector in the EU. On the other hand, retail sales surged in Q4, likely benefiting from declining inflation. Heading into Q1, economic prospects appear downbeat: In mid-January, several major financial institutions announced they are considering the postponement of investment plans, due to the recently-introduced tax on banks’ assets. On the political front, on 31 January the government presented the draft budget for 2019. Among other measures, it includes a notable increase in public investment, part of which will be co-financed by EU funds. Meanwhile, relationships with EU institutions remain turbulent: In mid-January, the European Commission criticized the government for its regressive steps in fighting corruption, after the justice minister drafted an emergency decree which could invalidate several corruption cases.

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

ValueChangeDate
Bond Yield4.930.23 %Feb 21
Exchange Rate4.19-0.34 %Feb 21
Stock Market7,856-0.59 %Feb 21

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