current account

The current account of the balance of payments recorded in the first nine months of this year a deficit of EUR 6.62 billion, about 39% higher than the same period of the previous year. To be noted, the...

For four years now, net wage growth has been much higher than productivity and, as employers’ earnings have not increased with the wage advance disproportion has moved to Romania’s foreign payments. If the employer, whether private or state-owned,...

According to the data released by Eurostat, Romania’s current account deficit exceeded, in the second quarter of the year, the threshold of five percentage points related to the estimated GDP. Although we are still far from not meeting...

The current account of the balance of payments registered a deficit of EUR 2,053 million in the first four months of this year, about 15% over the same period of the previous year. The percentage was in decline...

Romania has a discordant note with the other Central and Eastern European countries (CEE) regarding the economic growth strength in terms of macroeconomic balances. Economic growth in the CEE „maintains strong” in the first quarter of 2018, although...

Macroeconomic balances suffer a significant deterioration because of the government pro-cyclical policy to stimulate consumption. The pro-cyclical policy led to an increase in the trade and current account deficits and amplified the depreciation pressures of the local currency,...