Trade Balance in Romania
Romania - Trade Balance (Euros)
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 - Trade Balance (EUR) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (EUR billion) | -6.0 | -6.0 | -8.0 | -9.0 | -12.0 |
Romania Trade Balance (EUR) Chart
Source: National Bank of Romania.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.94 | 0.23 % | Jan 30 |
| Exchange Rate | 4.16 | -0.34 % | Jan 30 |
| Stock Market | 7,044 | -0.59 % | Jan 30 |
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Economic News
Romania: Economic growth down marginally in Q4 2018
April 8, 2019
A second estimate released on 8 April by the Statistical Institute (INSSE) confirmed that the economy grew 4.1% in the fourth quarter over the same period a year earlier, a notch below the third quarter’s 4.2% expansion.
Romania: Central Bank stays put in April
April 2, 2019
At its monetary policy meeting held on 2 April, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
Romania: Growth eases through Q4 2018
March 7, 2019
A comprehensive estimate released by the National Institute of Statistics revealed the economy expanded 4.1% in the fourth quarter over the same period a year earlier, decelerating from the third quarter (Q3 2018: +4.2% year-on-year).
Romania: Growth moderates in Q4
February 14, 2019
According to a preliminary estimate released by the National Institute of Statistics on 14 February, the economy expanded 4.1% in the fourth quarter over the same period last year, slightly decelerating from the third quarter (Q3: +4.2% year-on-year).
Romania: Inflation stable in January
February 13, 2019
Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase.
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