Romania

Romania Faces Further Debt Risks, Warns Erste Group

7 months ago

A recent report from Erste Group Bank highlights the deteriorating state of Romania's public debt, signaling potential for further declines. This warning emphasizes that the government's advance loan strategies and tax reforms are insufficient to tackle the country’s budget deficit, which has reached record levels. Bank economists state that without decisive actions such as substantial reforms and tax system transformations, additional risks related to the debt burden may arise.

Falling Inflation Opens Door for Rate Cuts in Romania Before Elections

7 months ago

According to recent data, inflation levels in Romania have begun to decrease, creating conditions for potential interest rate cuts in the coming months. This is happening against the backdrop of upcoming elections, which could influence the country's economic policies. Inflation in August slowed to 3.6%, significantly lower than the peak values of the previous year, when it reached nearly 16%. This trend is generating optimism among economists and markets, who are anticipating a softening of monetary policy.

Romania's Unexpectedly Weak Growth Signals Room for More Easing

8 months ago

Romania has faced unexpectedly low economic growth, according to recent data, leading to discussions about potential easing measures by the Central Bank. The country's economy is growing slower than anticipated, which could pave the way for lower interest rates as a means to stimulate economic activity.