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 Ministry of Foreign Affairs (MAE) announced the resumption of consular activities in Odesa through an itinerant format, as part of efforts to reopen the Romanian Consulate General and provide consular assistance and protection to Romanian citizens in the region. Thus, between October 16 and 28, an interim chargé d’affaires is conducting the first itinerant […]
ONV LAW launches Digital Assets & Web3 (Code/Lex), a new practice area dedicated to technology companies and investors operating in cryptoassets, blockchain, and AI. The ONV LAW team provides integrated legal support to technology companies, blockchain startups, Fintechs, AI solution providers, as well as investors seeking expansion in Eastern Europe. The team is led by […]
Over 10,000 Romanian children were born in Italy in 2024, contributing the most to the birth rate in the peninsula, relative to the number of people, Digi24 reported. The 2024 birth rate is Italy’s lowest in the past century. A historic low of fewer than 370,000 children were born last year on Italian territory. ...
The Ministry of Development announced that it will finance the reconstruction of the apartment building on Calea Rahovei in Bucharest, which was destroyed by the explosion on October 17 that killed three people and injured 15 others. In this sense, the ministry has published for public consultation a draft emergency ordinance that expands the scope […]
DocProcess, the technology company founded by Romanian entrepreneurs Daniela and Liviu Apolozan and recently integrated into the French group AGENA3000, announced the appointment of Jacky Huet as general manager of DocProcess Romania. With more than 30 years of experience in the software industry across EMEA and America, he brings extensive expertise in domains such as […]
Promenada Mall, owned by NEPI Rockcastle, has completed the first phase of its food court modernization. With this, the mall located in Bucharest’s District 1 adds eight new tenants. In addition, three restaurants will reopen in modernized spaces starting this October. The transformation of the 1,000-sqm food court includes new furniture and a complete redesign. […]
