Bucharest Balance Sheet
Radu-Ioan StochitaMacro trends shaping the Romanian society. Monetary & fiscal policy scoops.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 7 | Founded | 5 years ago | Last Issue | 8 days ago |
| Active | |||||
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bucharestbalancesheet.substack.comLatest Issues
Unemployment, April 2026
Unemployment data came out recently and everyone seemed happy that it went down to 6,3%. Great news for a country that is facing 1) high inflation, 2) high 10y yields, 3) little to no economic growth, 4) no functional government, 5) a lack...
We were rather optimistic - ESI, April 2026
Romania never excelled economically. If a growth in private consumption with one of the lowest innovation scores in Europe is called business excellence, then I take my words back.
We were up there, but now it is all going down.
Romania...
Moving the goalpost: inflation at 10,7% in April 2026
Still no functional government.
The Romanian President switched sides “from EU hero to MAGA zero”.
A 0,2% GDP contraction in Q1 2026 and y/y inflation at 10,7%.
The discourse around inflation in this country is a soap opera. Soc...
The leu, the yield and the crisis: EUR at 5,20 RON
Our currency may not be the euro, but we talk in euros. I am looking for a different apartment to rent and there are barely any listings in lei (our national currency). 500 - 600 - 700 EUR left and right.
My parents were looking to change...
Still the Highest Deficit in the EU - But the Gap Is Closing
Romania scored the highest deficit, once again topping the charts. This time it scored 7,9% of GDP, marking a significant improvement from last year’s 9,3%.
Since 2019 Romania has been running a deficit higher than 3% (Maastricht rules). S...
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Authors
The writers behind this newsletter.
Adviser to the RO Minister of Labor. Macroeconomic and legal researcher working primarily with Romanian trade unions. Bowdoin College '22 alumn & Watson Fellow.
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