This year should be a year of truce, a resilient year in many sectors and in which no economic contraction is expected, Bogdan Nichisoiu, Coface Romania rating manager, told at a press conference on Wednesday."2024 should be a year of truce. A resilient year on very, very many sectors, very many vectors of economic traction. I look at what our whole profession, yes, and in a broad sense, what the IMF says, what the European Commission forecasts, yes, so this whole portfolio of predictions for 2024, the common denominator is that for Romania nobody is pointing to recession. So this range of economic growth is between 2.4 - 3.5%, obviously the option, the most optimistic prediction being that of the Government, but it is important to note that nobody is predicting a recession, a contraction of the economy. We practically join this thesis. Why? Because we believe in the resilience of private consumption in 2024. This is an election year. Statistically in the last 30 years, no election year has ever had a contraction in private consumption. We have a tight labor market. I don't think, it would be the surprise of the century for me to see an exacerbation of unemployment. The money will continue to stay in the pockets of employees. A real salary that stays in positive territory. Even if we have this kind of inflection point in January, we still see inflation in this range at the end of the year of 5.5 to 6 percentage points. We think that nominal wages will increase by about 7 - 8 percentage points, real wages we see in a positive zone. Again, this is an ingredient that should bring resilience to private consumption," said Bogdan Nichisoiu.He said that without a major external shock he does not see a "frugal figure" in the consumption area in 2024, as it was in 2023, of 1.9%, but a higher one.However, the impact of energy costs is more diluted and if things stay as they are in the Middle East they do not massively impact the liquefied natural gas ecosystem on which Europe depends.
The Romanian delegation concluded its participation in the Balkan Senior Championships in Volos, Greece, with a total of 9 medals, out of which 4 gold, 3 silver, and 2 bronze. The gold medals were won by athletes Rareş Toader in shot put (20.74 meters), Alin Firfirică in discus throw (63.15 meters), Alina Rotaru-Kottmann in long […]
Romanian locomotive manufacturer Softronic Craiova has signed a contract with RS Lease Slovakia for the delivery of two Transmontana locomotives, which will be produced in the Craiova plant and delivered in the first half of 2026. The six-axle electric locomotives are designed for the demands of heavy freight transport, but are also adaptable to other […]
The Romanian heavy metal band Trooper returns to Sala Palatului on February 28, 2026, with the show “Regeneza,” a journey through its entire discography, along with special guest Blaze Bayley, Iron Maiden’s vocalist from 1994–1999. The concert is a transformation and a return to the spiritual roots of the band, according to lead singer Alin […]
Full Moon, the festival showcasing horror and fantasy films, will hold its tenth edition next month in Biertan, a village in Sibiu county known for its UNESCO-listed fortified church. The festival will present this year a program of 16 films, six of which are national premieres. The edition's headliner is Radu Jude's Dracula, an international […]
Rheinmetall is expanding both its presence in Romania and its status as a manufacturer and service provider for the Romanian armed forces, according to a statement from the company. The new facilities will focus on the local production of ammunition and Lynx infantry fighting vehicles. The expansion initiative focuses on local production of the Lynx […]
PPC blue, part of Public Power Corporation (PPC) Group, will install 60 EV charging points on European routes in Romania and Greece using EU funding. The company will receive up to EUR 2.76 million as part of the Connecting Europe Facility (CEF) 's Alternative Fuels Infrastructure Facility (AFIF) program. The "East Europe Electric Route" project […]
