US and Euro area economic recovery: the great divergence
US economy recovery prospects have been improving continuously since mid-2020 on the back of the sustained and very large fiscal stimulus and of the fast vaccination process. Cumulated GDP advance…
Retail sales in Europe: picture changes radically from North to South
COVID-19 pandemic outbreak has clearly revealed the big structural differences between the economies in the Northern Europe and those in the Southern Europe. So, countries in the Northern Europe showed…
Romania: good performance of both public and private investments in 2020
Investments’ performance was quite strong in Romania in the first three quarters of 2020, as increases were recorded both in the public and the private sector as compared with 2019….
Romania: low level of consumption of services bodes well for Q4 GDP data
Tighter COVID-19 containment measures in place in Q4 2020 should have a lower negative impact on the performance of Romanian economy as compared with those of the other EU member…
Romania: prices for consumption goods increase rapidly at factory gates
In Romania, producer prices for non-durable consumer goods delivered to domestic market increased by 3.8% in November 2020 from November 2019. This was the second fastest advance in the EU….
Romania: HoReCa companies are operating deep below normal levels
Activity in tourism and turnover of restaurants and hotels plunged due to COVID-19 outbreak and it has not yet recovered. Such kind of companies are currently operating much below pre-crisis…
Europe’s summer holidays that were frozen by “COVID-19 winter”
Spain, Greece and Portugal are a key point of interest for European tourists and exports of travel services account for a large share of GDP in these countries (9.9% in…
Romania’s great decoupling of investments during COVID-19 pandemic
Investments’ performance in Romania during COVID-19 pandemic was unexpectedly strong, outpacing by a large margin those recorded by the other EU Member Countries. Gross fixed capital formation in the first…
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…
Nicolae Covrig
Telling pasionate stories about economy
Never stop dreaming. Never stop learning. Never stop giving.
