The European Bank for Reconstruction and Development (EBRD) worsened the estimates regarding the evolution of the Romanian economy in 2023 and 2024, according to a report published on Wednesday by the international financial institution. According to the latest forecasts of the EBRD, Romania’s GDP should register an advance of 1.8% this year, after the May forecast indicated an expansion of 2.5% in 2023. Growth should accelerate to 3 .2% next year, compared to a level of 3.5% estimated in May, the report states. The EBRD expects the economy to grow by 2.4% in 2023 and 3.2% in 2024 in its region of activity The European Bank for Reconstruction and Development (EBRD) expects the advance of the economy in its region of activity – which covers about 40 economies – to be 2.4% in 2023 and 3.2% in 2024. Gas consumption in emerging Europe fell by more than 20% in the winter of 2022/2023, after reduced supplies from Russia pushed up energy prices. But even if the price of gas in Europe has returned to the level of the beginning of 2021, it remains almost four times higher than the price of gas in the US, according to the EBRD report published on Wednesday. “Countries are on a disinflationary trend, but it will take longer until they return to their inflation targets,” Beata Javorcik, EBRD’s chief economist, told Reuters. European industry has reduced activity in gas-intensive sectors such as construction materials, chemicals, metals and paper, while increasing activity in sectors with less CO2-intensive production. carbon, such as electrical equipment, car manufacturing and medicine production.
Cambridge School of Bucharest (CSB) has been shortlisted for the Student Mental Health Initiative of the Year category in the Tes Awards for International Schools 2025, becoming the only school in Romania to appear on this year’s shortlist. The nomination recognises CSB’s pioneering, student-led approach to promoting well-being across the Secondary School and reflects the […]
The Romanian Film Festival UK (RFF25UK) begins this week with a program showcasing a selection of new and archive Romanian feature films, documentaries, and shorts. The festival will open with the UK premiere of Traffic, Romania's 2026 Academy Awards entry. The film is directed by Teodora Ana Mihai from a screenplay by Palme d'Or–winning filmmaker […]
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
