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…
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…
CEE: larger and larger current account deficits
Disruptions in global value added chains and increasing commodity prices have lowered foreign trade surpluses in CEE countries (PL, HU, and CZ) over the past year, resulting in current account…
Romanian manufacturing sector is further underperforming
Romania’s manufacturing sector has systematically underperformed it regional peers since the beginning of pandemic. Following a collapse in May, manufacturing output in Romania failed to recover in the subsequent three…
Central banks in CESEE: how much money were injected in economy?
Besides reducing the interest rates, central banks in the Central and Southeastern Europe stepped in to fight the adverse effects of pandemic (1) by purchasing government securities and (2) by…
Supply chains disruptions have a strong negative impact on output of automotive industry
Supply chains disruptions (semiconductor chips crisis) had a strong negative impact on activity of automotive industry in Europe. As compared with October 2020, production has fallen by 20% in Germany…
Romania: clear undeperformance for manufacturing and goods exports
Romania’s manufacturing sector clearly underperformed its regional peers during the pandemics as (1) gross value added (GVA) contraction during the lockdown was more severe, and (2) recovery proceeded at a…
Romania: real GDP has already reached the pre-pandemic level
Following the strong advance of 2.8% in Q1 2021 from Q4 2020, Romania’s real GDP has already reached the pre-pandemic level from Q4 2019.
Nicolae Covrig
Telling pasionate stories about economy
Never stop dreaming. Never stop learning. Never stop giving.
