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.
The magic of Disney returns to Bucharest as Aladdin – Live to Film Concert takes the stage at Sala Palatului on October 10. Romanian audiences are invited to relive one of Disney’s most beloved animated classics in a special musical and cinematic experience. The original 1992 Aladdin film will be projected in full on a […]
The UNESCO Global Geopark Ținutul Buzăului in Romania has inaugurated a new interactive visitor center in the village of Bozioru, offering a modern and immersive experience into the region’s unique geological and cultural past. Named Povestea Trovanților/The Trovants’ Story, the center tells the secrets of the mysterious stone formations known as trovants and the prehistoric […]
Pluxee, a global player in employee benefits and engagement, announced the signing of an agreement to acquire MyBenefits, a fast-growing Romanian company that has developed innovative technology to provide a flexible offering of employee benefits. The transaction builds on a partnership between the two companies. The deal is subject to approval by the Romanian regulatory […]
OMV Petrom, the largest integrated energy company in Southeastern Europe, announced Thursday, July 3, the discovery of a new natural gas reservoir in Spineni, a locality situated about 70 kilometers northeast of Craiova, southwestern Romania. The find was confirmed following the drilling of the 1 Spineni exploration well to a depth of approximately...
Romanian president Nicușor Dan, along with prime minister Ilie Bolojan and other officials, participated at a reception on Wednesday, July 2, to mark the US Independence Day. During the reception, they underlined the importance of the relationship between Romania and the US. The Romanian president noted that the United States is Romania's most important ally […]
Romanians spent roughly EUR 40 billion in large retail chains last year, representing an increase of 7.1% year-over-year. The 2024 growth rate marked a slowdown compared to 2023 (+11.1% vs. 2022) but remained above inflation, according to the Romania Retail Snapshot 2025 produced by real estate consultancy company Cushman & Wakefield Echinox. Major food stores […]
