Romanian Central Bank: to ease or not the monetary policy stance?
Short-term interest rates have remained substantially higher in Romania than in the region this year, both in nominal and real terms. All eyes turn now on the Central Bank as…
Romania: rapidly closing the revenue gap versus CEE peers
The gap between living standards in Romania and its CEE peers continued to narrow rapidly over the past 5 years. During 2016-2020, Romania recorded the fastest economic expansion among the…
CEE economies might suffer less than Western Europe from new COVID-19 restrictions
Economies in Central and South-Eastern Europe should be less negatively impacted than Western economies by new social distancing restrictions that have been introduced in order to curb the increase in…
Increase of unemployment rates underestimates labour market damage
Increase of unemployment rates during current crisis underestimated the labour market damage. Unemployment rate definition lefts outside many negative labour market developments that have materialized to a large extent during…
Romania: bellow average paid jobs had a larger fall in disposable income
For many categories of employees, the reduction of wages (technical unemployment), layoffs and inflation resulted in a decrease of real disposable income from net wage earnings during the first six…
Romania: online retail sales boomed when malls closed their doors
Online retail sales jumped by 25% during the lockdown, while retail sales of textiles, clothing and footwear in specialized stores (malls, brick and mortar stores) plunged by 80%. Online retail…
EU: strong recovery of retail sales following the lockdown plunge
Retail sales in major Euro area countries and CEE countries bounced back vigorously in May and June following the lockdown plunge in March and April.
CEE: Foreign trade balances are improving after adverse COVID-19 shock
A stronger rebound of exports of goods and services than of imports triggered a sizeable improvement of foreign trade balances across all CEE countries in May. This followed the visible…
Romania: only a limited number of employees definitively lost their jobs until May
Both the number of employees definitively losing their jobs and the increase of unemployed persons have been contained during March-May as government stepped in to cover wages of employees from…
EU retail sales bounced back vigorously in May as lockdown was eased
As EU countries started to ease lockdown restrictions, retail sales volume bounced back vigorously in May following the plunge in March-April. For the most EU member countries, the retail sales…
Nicolae Covrig
Telling pasionate stories about economy
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