The current account of payment balance registered during Q1 of 2020 a deficit of 2.549 billion Euro, against 990 million Euro during the period of January - March 2020, according to the data published on Friday by the National Bank of Romania (BNR).
On a working visit to Brussels, Romania's Finance Minister Alexandru Nazare discussed with senior European officials Romania's economic growth prospects for 2021, narrowing its government deficit to below 3% of GDP by 2024 and introducing new measures to boost the economy under the SURE Instrument.
Romania's economy will grow by 5.1% in 2021 and 4.9% in 2022, as against advancing 3.8% in 2021 and 4% in 2022, as estimated this February, according to the Spring 2021 Economic Forecast published by the European Commission on Wednesday. Unemployment is projected at 5.2% in 2021 and 4.8% in 2022, from a 5% last year.
The National Weather Administration (ANM) has issued a Code Yellow warning for unstable weather valid through Thursday morning in six western counties. According to meteorologists, May 12, 16:00hrs - May 13, 10:00hrs, in Banat, Crisana, as well as the southwest of Oltenia, there will be spells unstable weather in the form thunderstorms, hail and torrential rain showers.
The unemployment rate recorded at the national level was 3.33 pct at the end of March, 0.02 percentage points lower than the previous month, according to a release of the National Employment Agency (ANOFM), sent, on Thursday, to AGERPRES. The value of the indicator was by 0.46 percentage points higher than that recorded in March 2020.
Romania, through the Ministry of Finance, launched on April 7 this year's first issue of Eurobonds that attracted 3.5 billion euros on the international capital markets, which enjoyed a special interest from investors, according to a press release of the Ministry of Finance, sent on Thursday to AGERPRES.
Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.
Romania's national unemployment rate was 3.35% at the end of February, up 0.01 percentage points on a monthly basis, according to a press statement released by the National Employment Agency (ANOFM) on Wednesday. The rate was 0.42 percentage points higher y-o-y. The total number of the unemployed at the end of February 2021 was 293,461, 1,245 more than at the end of the previous month.
The Electricity Law is being rewritten under a consultancy program, with the help of the European Bank for Reconstruction and Development (EBRD), and the Romanian authorities are in talks with the World Bank for support for upgrading the Natural Gas Law, Secretary of state with the Energy Ministry Niculae Havrilet told a specialist video conference today.
The National Meteorological Administration (ANM) on Wednesday issued a series of Code Yellow and Code Orange alerts of snowfall and blizzard in the mountainous and sub-mountainous areas, respectively a bad weather information targeting the entire country, which will take effect on Thursday morning.