The European Bank for Reconstruction and Development (EBRD) has slightly revised downward its estimates regarding the evolution of the Romanian economy in 2025, but maintained its forecasts for 2026, according to the "Regional Economic Prospects" report, published on Tuesday by the international financial institution.According to the latest EBRD forecasts, Romania's GDP is expected to grow by 1.6% this year, 0.2 percentage points less than the 1.8% estimate advanced in February, and an advance of 2.4% in 2026."Romanian economic growth slowed significantly to 0.8% in 2024. Private consumption registered a solid advance, following the increase in real wages by 8%, which led to a deepening of the trade deficit. Consumption shows signs of moderation at the beginning of 2025. Investments decreased significantly, especially in the last quarter, following the slowdown in the absorption of European funds. Regarding supply, the slowdown was broad-based, with industry, services and construction registering considerable declines, while agriculture was severely affected by the drought," the report says.The international financial institution draws attention to the fact that "the fiscal situation remains difficult, and the planned fiscal consolidation this year will likely require additional measures, due to the worse-than-expected development in 2024. Despite a slight moderation, inflation remains high, close to 5%, requiring a tightening of monetary policy by the BNR."According to the EBRD, the Romanian economy has limited exposure to the US economy, but has a considerable level of integration into global automotive supply chains, which represents a vulnerability."Against the backdrop of reduced consumption and the difficult fiscal situation, forecasts regarding the evolution of the Romanian economy in 2025 have been revised downwards to 1.6%. In 2026, the growth rate will return close to potential, to 2.4%, assuming that there will be an acceleration in the absorption of European funds," the report states.The EBRD is a major institutional investor in Romania, and to date the organization has invested almost EUR 11.5 billion in 550 projects. A significant share of its financing supports private sector development, sustainability and innovation.
Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. With nearly 20 years of experience in the real estate sector, Mihaela brings robust expertise in property management and leasing, operational […]
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
