Etichetă: NBR

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Balance of payments and external debt

According to the National Bank of Romania press release of 12th of April, in January – February 2019, the balance-of-payments current account posted a deficit of EUR 568 million, compared with EUR 425 million in January – February 2018. The deficit on trade in goods widened by EUR 671 million, the surplus on services income increased by EUR 122 million, the primary income balance recorded a surplus of EUR 94 million compared to a deficit of EUR 117 million, and the surplus of the secondary income balance increased by EUR 195 million.

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November 2018 – Inflation Report

The National Bank of Romania published on 8th of November the Inflation Report, the report indicated that after having reached a 5-year high in 2018 Q2, the annual inflation rate saw, as expected, a halt in its upward trend, falling to 5 percent in September, i.e. 0.15 percentage points above the benchmark forecast in the August 2018 Inflation Report and 1.5 percentage points above the upper bound of the ±1 percentage point variation band of the 2.5 percent flat target.

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Balance of payments

According to latest press release published in august by the National Bank of Romania, in January – June 2018, the balance-of-payments current account posted a deficit of EUR 3,781 million, compared with EUR 3,526 million in January – June 2017; the deficit on trade in goods widened by EUR 711 million, the surplus on services income narrowed by EUR 261 million, the deficit of the primary income balance contracted by EUR 894 million, and the surplus of the secondary income balance decreased by EUR 177 million.

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Pressing problems in accessing finance

According to the survey on the access to finance of non-financial corporations in Romania, published by National Bank of Romania,  firms kept largely an unchanged view on the evolution of the main financial indicators for April 2017 – March 2018, except solely for labour costs and other costs. Thus, a higher number of companies showed that these indicators posted a moderate increase versus the previous round (49 percent compared to 37 percent and 40 percent compared to 28 percent respectively).

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Foreign Direct Investment in Romania in 2016

The results of the 2016 Foreign Direct Investment statistical survey were published on September 29, 2017. The National Bank of Romania, in cooperation with the National Institute of Statistics, conducted the statistical survey regarding the foreign direct investment (FDI). The major goal of the statistical survey was to determine the FDI stock as of 31 December 2016 and the FDI flows during the 2016 financial year into the resident direct investment enterprises.

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Credits standards for households

According to the Bank Lending Survey published by the National Bank of Romania, in 2017 Q2, banks tightened significantly credit standards for loans for house and land purchase as well as for consumer credit. Credit institutions pointed to the following determinants behind this evolution: the NBR’s monetary policy decisions or prudential measures, expectations regarding general economic context, requirements concerning the level of indebtedness, expectations regarding households’ financial standing and the risk on borrower’s creditworthiness.

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