All News on Economics in Romania
The Ministry of Economy has put up for public debate a draft emergency ordinance that will legalize the "Farm-to-Fork" business model for a more sustainable food system which was rolled out in Europe, but which had been considered so far illegal by Romania's National Consumer Protection Authority (ANPC), Economy Minister Claudiu Nasui wrote on Facebook.
Romania's annual inflation rate fell to 2.3% in May 2020, from 2.7% in April, given that food prices rose by 5.25% , services by 2.6%, and non-food goods by 0.15%, according to data released on Friday by the National Institute of Statistics (INS). Consumer prices in May 2020 compared with April rose by 0.05%, and compared with December 2019 they advanced 1.47%.
Bulgarian exports to the European Union increased by 6% between January and September compared to the same period of last year, national statistics show.
Exports amounted to BGN 23.0345 B in the first nine months of the year, according to preliminary data of the National Statistical Institute (NSI).
Bulgarian exports to the EU grew by 4.3% in the first seven months of this year, compared to the same period of 2015, while imports from other member states dipped slightly, statistics show.
Exports amounted to BGN 17.4966 B. The main trade partners included Germany, Italy, Romania, Greece and France, accounting for 64.7% of the exports to EU member states.
Romania was officially included in the Watchlist of countries that show a substantial potential to be an emerging market, according to the FTSE Russell decision, published on Thursday, the Bucharest Stock Exchange (BVB) informs.
Bulgaria exported BGN 44.949 M worth of goods last year, the National Statistical Institute (NSI)'s final data shows.
The figure constitutes an increase of 4% compared to the previous year.
The highest growth in exports was observed in March (24.4%), the largest fall having been in September (7.5%).
The final figures on foreign trade for 2014, which were released by the National Statistical Institute (NSI) on Friday, reveal that Bulgaria had a negative balance of trade with imports exceeding exports.
In 2014, the value of exported goods amounted to BGN 43.2 B, which represented a decrease of 0.7 % compared to 2013.
According to the second estimate of Eurostat, which was released on Tuesday, Bulgaria's GDP growth surpassed the EU average in the first quarter of 2015.
The country's GDP in the first quarter of 2015 increased by 0.9 % compared to the previous quarter, while there was a 2 % growth compared to the same quarter in 2014.
Trade balance deficit exceeded 1.372 billion euros in Q1 2015, up by 235.4 million euros compared to the same period of the previous year, according to the data released on Monday by the National Statistics Institute (INS).
Photo credit: (c) Romania's international trade with goods ? National Statistics Institute / Insse.ro
The foreign currencies reserves of the National Bank of Romania (BNR, the central bank) stood at 30.6 billion euros on January 31, down 1.6 billion from 32.2 billion euros at end-December, according to data released on Monday by BNR. The outflow included payments to the European Commission and the International Monetary Fund (IMF).
The unemployment rate in Romania hit 5.29 percent at a national level at end-Dec., by 0.11 percent higher than in Nov. and by 0.36 percentage points lower than at end-Dec. 2013, says a release sent by the National Employment Agency to AGERPRES on Thursday.
Photo credit: (c) CONSTANTIN DUMA / AGERPRES ARCHIVE