Economy of Romania

Romania's Gross Domestic Product (GDP) in the first six months of 2019 by 4.7pct in unadjusted terms and by 4.8pct when adjusted for seasonality, compared with H1 2018, mainly fuelled by household consumption, according to provisional data released on Friday by the National Institute of Statistics (INS).

The government should be genuinely concerned to develop the country's capital market, and the listing of state-owned companies such as Hidroelectrica and Bucharest Airports could significantly contribute to Romania's promotion to emerging market status, says Johan Meyer, Franklin Templeton Investments CEO and Fondul Proprietatea portfolio manager.

Romania's Q1 2019 Gross Domestic Product (GDP) was 1.3pct higher in real terms than Q4 2018 GDP, and 5pct, both unadjusted and adjusted for seasonality, over Q1 2018, according to provisional data released on Monday by the National Institute of Statistics (INS).

The gov't intent to sell up to 8 percent of the Petrom shares to its employees will be a complex process that will generate litigations to stretch on several years, since the legislation is not clear as regards the beneficiaries and what is exactly the percentage in shares, on Friday asserted in a press conference Johan Meyer, CEO Franklin Templeton Investments and Fondul Proprietatea Fund Mana

Financial companies and banks make over 60pct of the stock market capitalisation in Romania, chief economist at the National Bank of Romania (BNR) Valentin Lazea told an event on Friday dedicated to technology on financial markets.

Prime Minister Viorica Dancila on Wednesday has stated that investments play an essential role in the development of a country through the benefits generated on the labour market and through the facilities they bring in the areas where they are made, while adding that Eurostat and the National Institute of Statistics (INS) have recently announced Romania has the second highest economic growth i

Gross Domestic Product (GDP) in the first quarter of 2019 increased by 0.5% in the EU-28 compared to the previous quarter by seasonally adjusted data. For the same period, GDP in Bulgaria increased by 1.1%, reported the National Statistical Institute. 

Romania's Q1 2019 Gross Domestic Product (GDP), as against the same quarter of 2018, recorded an increase by 5.0 percent for the unadjusted series and by 5.1 percent for the seasonally adjusted series, according to data with the National Statistics Institute (INS) released on Wednesday.

The Romanian economy will grow by 3.2 percent this year, compared with a 3.6-percent forecast issued in November, indicate the latest forecasts released on Wednesday by the European Bank for Reconstruction and Development (EBRD). For 2020, the EBRD expects another 3.2-percent expansion in Romania's Gross Domestic Product (GDP).

The European Commission on Tuesday downwardly revised to 3.3 percent its estimates of the real Romanian economy growth this year, from a January forecast of 3.8 percent. The European Commission published on Tuesday its spring economic forecasts.