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.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
