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.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
