The European Bank for Reconstruction and Development (EBRD) has kept the prospects concerning the evolution of Romania's economy in 2026 and 2027, in line with the June forecast, and warns that negative evolution risks persist, according to the "Regional Economic Prospects," report the international financial institution published on Thursday.After a 0.7 per cent economic growth in 2025, EBRD expects Romania's economy to shrink 0.2 per cent in 2026 and then grow 1.8 per cent in 2027."After a steep decline in economic output in the last quarter of 2025, real GDP contracted by 0.8 per cent year on year in the first half of 2026, owing to a 4.6 per cent decline in manufacturing output, a contraction in services and falling retail sales. In contrast, construction expanded, boosted by EU-funded infrastructure projects. While external imbalances have started to moderate, Romania's current account deficit remains among the largest in the EU. HICP inflation picked up to 9.7 per cent in May 2026, then decelerated to 6.3 per cent in August 2026, but it remained at the highest level in the EU. The depreciation of the currency against the euro, coupled with higher energy prices, could prolong inflationary pressures," the EBRD report reads.After narrowing to 7.9 per cent of GDP in 2025, the general government deficit was 37 per cent lower in nominal terms in January-July than in the corresponding period in 2025, with the full-year deficit target of 6.2 per cent of GDP looking achievable, the EBRD forecasts."Assuming a gradual recovery in household demand and the finalisation of EU-funded investments, along with a mild recovery in exports linked to partially restored cost competitiveness, GDP growth could return in the second half of the year. The economy is expected to shrink by an average of 0.2 per cent in 2026 then grow by 1.8 per cent in 2027, notwithstanding a likely decline in public investment. Downside risks persist, linked to fiscal policy uncertainty, energy price shocks and weak foreign demand," the aforementioned source points out.
Bucharest, 6 October 2026: The Chamber of Commerce and Industry of Romania (CCIR), in partnership with the Pakistan–Romania Business Council (PRBC) and the Embassy of Romania in the Islamic Republic of Pakistan, organised the Romania–Pakistan Business Forum on 6 October 2026. The event took place on the sidelines of the......
Prime Minister Ilie Bolojan’s meeting with an OMV Group delegation Prime Minister Ilie Bolojan received today, at Victoria Palace, a delegation from the OMV Group led by Emma Delaney, Chair of the Executive Board and CEO of OMV, and interim member and Chair of the Supervisory Board of OMV Petrom....
Finance and business leaders from across Europe gathered in Warsaw to explore how artificial intelligence is reshaping the finance function, transforming decision-making and redefining the role of people within organisations. On 24 September, the ninth CFO Strategy & Innovation Summit took place in Poland. Organised by The Chartered Institute of...
K-Pop live la București: patru artiste din Coreea de Sud deschid K-Lovers Festival 2026 Gala Korea Corner are loc pe 7 octombrie, la Universitatea Româno-Americană, și aduce pe scenă muzică live, dans K-Pop, un recital de nai susținut de un discipol al lui Gheorghe Zamfir și o degustare de vinuri...
Philips, a global leader in health technology, and Ponderas Academic Hospital mark a new milestone in their collaboration with the designation of Ponderas as a Philips Reference Center for Image-Guided Therapy (IGT). The status recognizes the shared commitment of the two organizations to supporting the development of minimally invasive procedures, medical education and the exchange […]
Wolf Theiss advised Nordic Tyre Group, a leading independent tyre distributor across the Nordic and Baltic markets, on its acquisition of 100% of the shares in Dinamic92 Distribution S.R.L., a Romanian wholesaler and distributor headquartered in Piatra Neamț. The transaction, which closed on 30 September 2026, marks the group's entry into the Romanian market and represents its first acquisition since becoming part of […]
