Romania’s economic performance was unexpectedly poor in 2024
Romania’s real GDP increased by only 0.9% in 2024, which is a poor economic performance. This was:➡️ substantially below the expectations of 3.2% prevailing at the start of 2024➡️ the…
Romania’s consumption of natural gas remains depressed
In Romania, consumption of natural gas increased by 3.8% in 2024 from 2023. Still, it remained 18% below the level observed in 2021. Consumption of natural gas was 94.5% covered…
Romania had a fast increase in retail sales in 2024
In 2024, Romania had the second fastest increase in retail sales volume among the EU member countries. The very fast advance of 8.6% was supported by a strong increase in…
Romania’s manufacturing sector in a free fall
In Romania, the manufacturing sector has strongly underperformed over the recent years, and its share in total economy has decreased at a very fast pace.
Romania: natural gas consumption fell sharply, below level of domestic production
In Romania, consumption of natural gas fell sharply over the past two years and there are no material signs of recovery. Its level in October this year was 26% below…
Underlying inflationary pressures have reduced substantially in CZ and HU
Central banks in Hungary and Czechia have enough room to reduce the interest rates in the coming period as intensity of underlying inflationary pressures has decreased substantially over the past…
Foreign trade balances now again in surplus in CE countries
Balances of foreign trade with goods and services are now again in surplus in CE countries (PL, CZ, HU). Foreign trade deficit has decreased also a lot in Romania since…
Romanian economy is closing the gap with Hungary and Poland
Forecasts released this week by the European Commission show that this year Romania might slightly outpace Hungary and Poland in terms of GDP per capita at Purchasing Power Standards, at…
Romania had a fast advance of retail sales in Q1 2023
Retail sales of food and non-food goods, excluding fuels, increased at a fast pace in Romania in Q1 2023, i.e by 3.4% in volume terms from Q4 2022. This was…
Romania: non-financial companies are now clearly favoring FCY loans
In Romania, propensity of non-financial companies to borrow in foreign currency (EUR particularly) surged starting in 2022 as RON lending interest rates increased much faster than EUR lending interest rates….
Nicolae Covrig
Telling pasionate stories about economy
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