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.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
