Romanian company Modular Services, which provides IT services and Outsourcing specialized in legaltech and fintech solutions, is opening a second office in Romania's northeast region.
Romania's current account balance posted a deficit of EUR1.627 billion in January-February 2021, quadruple from a deficit of just EUR431 million in the first two months of 2020, central bank data showed Tuesday.
Romania's public debt reached RON503.6 billion at the end of January 2021, accounting for 47.8% of the gross domestic product (GDP), and exceeding for the first time the RON500 billion threshold, finance ministry data showed Wednesday.
Romania's annual inflation rate grew to 3.2% in February from 3% in January, still driven by higher electricity prices following the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Thursday.
Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, breakdown data from the country's statistics board confirmed Tuesday.
Romania's public debt reached RON498.3 billion at the end of 2020, accounting for 47.7% of the gross domestics product, compared with 35.3% of GDP in 2019, finance ministry data showed Wednesday.
Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank data showed Monday.
Romania's annual inflation rate stood at 3% in January, mainly driven by higher electricity prices due to the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Friday.
Romania's gross domestic product grew 4.1% in real terms in 2019 compared with 2018, semi-final data from the country's statistics board confirmed Thursday.
Romania's annual inflation rate stood at 2.1% in December 2002, the same as in November, and in line with the central bank's forecast, data from the country's statistics board showed Thursday.
Romania's current account balance posted a deficit of EUR9.763 billion in January-November, compared with a deficit of EUR9.655 billion in the same period in 2019, central bank data showed Wednesday.
Romania's gross domestic product fell 5.7% on the year in both nominal and real terms in the third quarter, a second reading from the country's statistics board showed Tuesday.
The European Commission seeks to discuss Romania's 2021 budget plan as the fiscal situation in Romania continued to deteriorate substantially in 2020, it said in a letter addressed to newly appointed finance minister Alexandru Nazare.
Romania's national strategy and forecast commission has revised its 2020 GDP contraction estimate to 4.2% from a previous projection of 3.8% and sees the economy rebounding with 4.5% GDP growth in 2021, from 4.9% previously.
Romania's gross domestic product (GDP) took an annual plunge of 6% in the third quarter of 2020, compared with the same period in 2019, a flash estimate from the country’s statistics board showed Friday.
The International Monetary Fund estimates Romania's economy will contract by 4.8% this year, a slightly milder contraction compared with the 5% estimated in April, according to the latest World Economic Outlook released Tuesday.
Romania's gross domestic product grew 4.5% in real terms in 2018 compared with 2017, final data from the country's statistics board showed Friday.
Romania's gross domestic product took an annual plunge of 10.2% in real terms in the second quarter, less than the previously estimated 10.5%, a second reading from the country’s statistics board showed Friday.
Romania's foreign exchange reserves dropped to EUR32.588 billion at the end of September from EUR35.768 billion at the end of August, central bank data showed Thursday.
Romania's general consolidated budget posted a deficit of RON54.77 billion in January-August 2020, or 5.18% of the gross domestic product, more than half of which was due to financial measures taken by the government to fight the Covid-19 outbreak, finance ministry data showed Tuesday.