Andreea Marinescu

Valentine's Day 2020: Romanians get married later in life, divorce less than before (analysis)

Romanians get married at older ages than 30 years ago and they divorce much less, a sign of the fundamental changes that the Romanian society went through after the 1989 Revolution, shows an analysis carried out by the consulting company Frames. "In 2020, marriage has turned into an event that many young people try to postpone as much as possible.

Romanian economy slows down to 4.1 percent in 2019

The Romanian economy slowed down to 4.1 percent last year, after 4.4 percent in 2018 and 7.1 percent in 2017, show flash estimates released by the National Institute of Statistics on Friday. The GDP advance in Q4 2019 from the previous quarter was 1.5 percent, while growth in the third quarter was 0.6 percent QoQ.

Current account deficit, up almost 17 pct in 2019, to 10.48 bln euros

The balance-of-payments current account registered a deficit of 10.478 billion euros last year, an increase of almost 17 pct compared to the similar period of 2018, shows a press release of the National Bank of Romania (BNR) sent to AGERPRES on Thursday. In 2018, the current account deficit was 8.96 billion euros.

FinMin-designate Florin Citu: We must sort out deficit issue if we want lower interests

In order to have lower interests, Romania must sort out the deficit issue, Finance Minister Florin Citu said on Thursday; he also stated that this year the budget deficit stays at 3.6 percent of GDP and will fall below the 3 percent threshold in 2022. "Mr. central bank governor Mugur Isarescu is largely right: in Romania, the issue is not directly the interests, but the deficits.

Annual inflation rate, down to 3.6 pct in January

The annual inflation rate dropped to 3.6 percent in January this year, from 4 percent in December of last year, given that the food stuff prices went up by 4, 75 percent, services by 4.01 percent, and non-food goods by 2.68%, according to data released on Thursday by the National Institute of Statistics (INS). Consumer prices in January 2020 compared to December 2019 increased by 0.4 percent.

Repatriating Romania's gold reserve would cost 10-20 times more than storing it (BNR)

Repatriating Romania's gold reserve would cost 10-20 times more than the commission paid to the Bank of England for storing it there, said, on Tuesday, the Governor of the National Bank of Romania (BNR), Mugur Isarescu, in a press conference. "We will respect the law, the vote of the Parliament.

Net nominal average salary up 5pct in December 2019, to 3,340 lei

The net nominal average salary was 3,340 lei in December 2019, up from the previous month by 161 lei (+5.1pct), and the highest values were recorded in activities of services in information technology (including IT services, namely 7,689 lei, according to the data published on Tuesday by the National Institute of Statistics (INS).

BNR's Isarescu: International borrowing, proof of responsibility, deficits are worrisome

International borrowing is proof of responsibility, but the country's deficits are worrisome, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a press conference, when asked about the latest loans contracted by the Ministry of Public Finance. "Worrisome, an element of concern or as you might want to call it, not of panic, however, are the country's deficits.

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