The Board of the International Monetary Fund (IMF) requests that Romania implement a right mix of policies and ambitious structural reforms to support growth, restore fiscal sustainability and protect financial stability, according to the report prepared by the international financial institution, following the Bucharest consultations on Article IV.''Executive Directors welcomed the recently adopted large fiscal reform package for 2025-26, which marks an important step in addressing the widening twin deficits. Amid a necessary large fiscal consolidation, and with risks tilted to the downside, Directors called for the right policy mix and ambitious structural reforms to support growth, restore fiscal sustainability, and safeguard financial stability,'' reads the quoted document.IMF directors stressed the importance of fully implementing the planned fiscal consolidation in 2025-2026, followed by further adjustments over the medium term to strengthen market confidence and ensure fiscal sustainability.An IMF mission led by Joong Shik Kang reviewed recent developments in the Romanian economy in Bucharest in September.The Fund's team met with officials from the Ministry of Finance, the National Bank of Romania, and other government agencies, as well as representatives of the private sector and non-governmental organizations.Article IV consultations are a mandatory monitoring exercise for all member countries. Their purpose is to examine the financial and economic situation at the national level and to formulate general recommendations on monetary, financial, and economic policies to be followed to ensure stability and positive developments in the economy.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually evaluates the evolution of the Romanian economy, based on Article IV consultations.This year, an IMF mission also took place in Bucharest, also led by Joong Shik Kango, from February 3 to 7, 2025.The International Monetary Fund predicts that Romania's economy will grow by 1% in 2025 and by 1.4% in 2026, estimates that are lower compared to those in the spring, of 1.6% and 2.8%, respectively.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
