Romania s trade deficit was reduced by 5% in the first two months, according to the National Institute of Statistics, and the trend is likely to be maintained in the next period as well, against the backdrop of increasing exports, and especially of decreasing prices for imported energy, economic analysts estimate. The drop in the trade deficit comes after last year it had increased significantly by 44% as compared to 2021. In the first two months of the year, the value of Romania s exports exceeded 15 billion Euros, 9% more than in the same period of 2022, and imports totaled over 19.4 billion Euros, increasing by only 5.4%. Hence a trade deficit of almost 4.4 billion Euros, lower by 232 million Euros compared to the January-February period of last year. Financial analyst Adrian Codirlaşu says that the deficit reduction is mainly due to developments in the energy sector.
Adrian Codirlaşu: Energy prices have fallen, Romania imports energy, therefore I think that the lower
Central & Eastern European Stock Exchanges Cooperation possibilities
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Central & Eastern European Stock Exchanges Cooperation Possibilities to take place ONLINE on May 27, 2021
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Financial Forum 2021: what the Romanian economy looks like and what financing options you have at hand for your business
Mihai Cristea 17/03/2021 | 15:29
After a year of pandemic, the Romanian economy is still affected by the restrictions imposed to limit the SARS-CoV-2 virus, which hits our country during this period with the third wave. We discuss at the Wall-Street Financial Forum event, on March, 25, 2021, about the current state of the economy, the mechanisms we have at our disposal to accelerate its recovery and how can we access them.
With the strongest increase of the Gross Domestic Product in the European Union in the last quarter of 2020, of 5.3%, and a total decrease for the whole year of 3.9%, the Romanian economy needs a better management of all instruments which it has at hand in order to achieve a V shaped recovery.