euro

by Dimitrios Goranitis, Risk and Regulatory Advisory Partner, Deloitte Romania. Ten years after the credit crisis, the European Union demonstrates that it has learned very little on how to unite and decisively take pan-EU…

Fear is felt by 54% of the respondents of an IRSOP opinion poll conducted during April 6-11. The authors of the survey explain the high percentage of those feeling fear of the current coronavirus crisis means the perception will linger…

The global economy will shrink by around -0.5% this year after the exceptional first-half disruption caused by the Covid-19 pandemic with cyclical and structural implications for sovereign credit profiles, says Scope Ratings. Covid-19…

Italy, Greece, Portugal and Spain are among most vulnerable developed countries to the Covid-19 shock, Germany among the least, while the US and UK are more exposed through healthcare-system limitations than direct economic impact, a Scope…

The exchange rate has hit a new negative record on Monday: RON 4.8242 for one euro. Last week, the national currency has decreased day by day last week, with analysts saying it will follow a similar trend in the upcoming period. Yet, the…

The National Bank of Romania (BNR) has announced an all time record for the exchange rate, with the Euro hitting a historical high: RON 4.8026. It is the first time in Romania's history that the Euro reaches such value. The RON…

Romania has posted the highest inflation rate in the EU in July as well, 4.1%, three times higher than the European average. The highest annual rates were recorded in Romania (4.1%), Hungary (3.3%), Latvia and Slovakia (both 3.0%).…

In the first quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.5% in the euro area (EA19), a decrease compared with 1.1% in the fourth quarter of 2018. In the EU28, the deficit to GDP ratio stood at…

Romanian PM Viorica Dancila has announced on Wednesday that the Government takes the vow that Romania adopts the Euro by 2024. The Cabinet will soon send the papers on the national plan to adopt the Euro and the supporting documentation…

Social Democrats continue the war with the National Bank of Romania, claiming that, if there are no natural causes, the Euro rise cannot be but artificial. "What is BNR doing when it must watch over the banking system and to ensure the…