The growth outlook for Romania's economy this year is only 1.6%, down from 2.1% in 2023, Andrei Radulescu, a member of the Bretton Woods Committee and senior researcher at the Institute of World Economics, Romanian Academy, said on Thursday. ‘Which are the perspectives for the national economy? You have seen last week the first reading of the GDP for Q1. We had growth of only 0.1% in the annual dynamics, namely Q1 against Q1 2023 and the updated prognosis after this flash issued by the National Institute for Statistics shows a growth perspective for the Romanian economy with only 1.6% this year, slowing down from 2.1% last year’ said Radulescu at the conference on the management for lending risk organised by ICAP CRIF.According to his opinion, we will assist the continuation of the investment growth trend but at a slower rhythm as compared to what happened in the previous years.Andrei Radulescu said that in 2023, gross fixed capital formation in Romania increased by more than 14% compared to 2022, but the forecast for this year is an increase of 5% compared to the previous year. As regards inflation, he said that this indicator will continue the convergence trend towards the interval targeted by the central bank but the harmonized indicator of the consumption prices in Romania is positioned as weaker against the countries in the European Union.According to the economist, the upward trend of the euro-leu exchange rate will continue and will soon reach the threshold of 5 lei for one euro. "Romania is facing major macroeconomic imbalances and these will have to be adjusted, including through the exchange rate instrument", says Andrei Radulescu. He warned that the budget and current account deficits will remain at very high levels.
Exim Banca Romaneasca supports the development of Romanian companies by granting loans for investments and working capital under advantageous conditions, with European guarantees that can cover up to 70% of the financing value, following the signing of a guarantee agreement between the bank and the European Investment Fund (EIF). EIF guarantees can be accessed under […]
Romania’s Ministry of Investments and European Projects will introduce an open data type of reporting, with all 17,000 projects included in the EU-funded Recovery and Resilience Plan, or PNRR. The projects will be placed in a database indexable by location, type of beneficiary, or type of intervention, according to minister Dragoș Pîslaru. "We are talking […]
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project. The site, once home to the city’s Oil Terminal platform, […]
The Prosecutor’s Office attached to Romania’s High Court requested that the European Parliament lift the immunity of MEP Diana Șoșoacă on Tuesday, September 23. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and war crimes, as well as fascist, legionary, racist, […]
Greek authorities have arrested two Romanian nationals on suspicion of espionage after they allegedly took pictures of the Hellenic Navy’s main base on the island of Salamina, the Coast Guard said on Tuesday, September 23, as reported by ekathimerini.com. The men, aged 52 and 22, were detained on Monday afternoon after Navy personnel spotted...
Last month, the Solis student team from the Technical University of Cluj-Napoca crossed the Australian desert from north to south over 6 days aboard the solar-powered car “Hyperion.” The crossing was part of the Bridgestone World Solar Challenge 2025, which took place on a 3,020 km route, from the cities of Darwin to Adelaide, crossing […]
