The International Monetary Fund (IMF) has revised downwards its estimates for the growth of the Romanian economy in 2024, from 3.8% estimated in October to 2.8%, according to the latest "World Economic Outlook" report, published on Tuesday by the international financial institution.According to new IMF forecasts, after growing by 2.1% in 2023, the economy will grow by 2.8% in 2024 and accelerate to 3.6% in 2025. In October, the IMF estimated a 3.8% advance of Romania's GDP in 2024.The IMF is expecting inflation in Romania to increase by 6% in 2024 and by 4% in 2025. In October, the IMF forecast average annual inflation growth of 5.8% in 2024.The IMF is also expecting Romania's current account deficit to remain at 7.1% of GDP in 2024, similar to its October 2023 forecasts. In 2025, the inflation should slightly decrease to 6.8% of GDP.As far as unemployment is concerned, the IMF estimates it at 5.6% in 2024, similar to that of 2023, and 5.4% in 2025.The forecast was published at an annual meeting of the International Monetary Fund (IMF) and the World Bank (WB), which take place from April 15 to 20 in Washington.
Officials in the mountain resort town of Râșnov, central Romania, have issued an urban planning certificate for the transformation of a Boeing 737 airplane into a premium accommodation unit. The plane will be placed near the famous Bran Castle, and organizers expect it to become a tourist attraction. “The project is located in the Pănicel […]
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
The Romanian Justice Ministry advanced a legislative initiative according to which femicide could be punished with life imprisonment. The proposal comes after numerous women were killed this year by former partners, despite protection orders. The debate about femicide in Romania was brought back to the fore after another tragedy took place on Saturday, November 9, […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
Two Romanians were injured in an armed incident in Taksim Square in Istanbul on Sunday, November 9. The two were part of a group participating in a cultural event, according to foreign minister Oana Ţoiu. “Last night, in Taksim Square in Istanbul, an armed attack with a pistol also injured two Romanian citizens visiting Turkey. The […]
