Data published on Monday by the National Institute of Statistics in Bucharest shows that Romania avoided, at least statistically, a technical recession in the first half of the year.
The recent statement by the Governor of the National Bank of Romania, Mugur Isărescu, according to which adopting the Euro could become the country’s new “national project,” marks a significant shift in Bucharest’s economic discourse.
Amid the current political crisis in Bucharest, the Romanian national currency is depreciating against the euro.
The National Bank of Romanian Board of Directors decided to maintain the monetary policy interest rate at 6.50% per year.
The political instability in Bucharest and the result of Sunday's presidential election have had a negative impact on Romania's economy.
Data provided by the National Institute of Statistics (INS) show that the trade deficit increased by 15% in the first nine months of the year.
