The European Bank for Reconstruction and Development (EBRD) has slightly revised downward its estimates regarding the evolution of the Romanian economy in 2025, but maintained its forecasts for 2026, according to the "Regional Economic Prospects" report, published on Tuesday by the international financial institution.According to the latest EBRD forecasts, Romania's GDP is expected to grow by 1.6% this year, 0.2 percentage points less than the 1.8% estimate advanced in February, and an advance of 2.4% in 2026."Romanian economic growth slowed significantly to 0.8% in 2024. Private consumption registered a solid advance, following the increase in real wages by 8%, which led to a deepening of the trade deficit. Consumption shows signs of moderation at the beginning of 2025. Investments decreased significantly, especially in the last quarter, following the slowdown in the absorption of European funds. Regarding supply, the slowdown was broad-based, with industry, services and construction registering considerable declines, while agriculture was severely affected by the drought," the report says.The international financial institution draws attention to the fact that "the fiscal situation remains difficult, and the planned fiscal consolidation this year will likely require additional measures, due to the worse-than-expected development in 2024. Despite a slight moderation, inflation remains high, close to 5%, requiring a tightening of monetary policy by the BNR."According to the EBRD, the Romanian economy has limited exposure to the US economy, but has a considerable level of integration into global automotive supply chains, which represents a vulnerability."Against the backdrop of reduced consumption and the difficult fiscal situation, forecasts regarding the evolution of the Romanian economy in 2025 have been revised downwards to 1.6%. In 2026, the growth rate will return close to potential, to 2.4%, assuming that there will be an acceleration in the absorption of European funds," the report states.The EBRD is a major institutional investor in Romania, and to date the organization has invested almost EUR 11.5 billion in 550 projects. A significant share of its financing supports private sector development, sustainability and innovation.
Around 32% of Romanians plan to spend their upcoming holidays abroad, with Greece, Italy, and Spain topping the list of preferred destinations, according to the Visa CEE Travel and Payment Intentions Study 2025. Of those going abroad for the summer, nearly 40% say they are “experience seekers,” prioritizing discoveries and stepping out of their comfort […]
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s presidential elections, will remain under judicial supervision after the District 1 Court in Bucharest rejected his appeal against the prosecutors’ decision to extend the preventive measure,
The mayor of Timișoara, Dominic Fritz, will be the new leader of the Save Romania Union party, or USR, after he received 67.2% of the votes in an internal race. The vote for the new party president was conducted online and started Wednesday at 10 AM and ended Friday at noon. A total of 10,914 […]
The Sports Barometer in Romania, a study conducted by IRES and presented on Thursday, June 12, during the Sports Festival, reveals that 32% of Romanians do not engage in any type of physical activity, and that as age increases motivation drastically decreases. According to the study, 28% of Romanians are super-active and do a form […]
The Romanian-American University has officially launched the country’s first Department of Latin American Studies (DSLA), marking a significant step in its internationalization efforts. The inauguration brought together official representatives from eight Latin American countries - Argentina, Brazil, Chile, Colombia, Cuba, Mexico, Peru, and Uruguay - underlining the strong diplomatic support for deepening educational and cultural […]
Romanian president Nicușor Dan laid wreaths on Friday, June 13, at the Monument dedicated to the memory of the victims of the June 13–15, 1990 Mineriad and at the “Kilometer Zero of Democracy” Monument. The violent events of June 1990 remain in post-communist memory as the “June 13–15, 1990 Mineriad” and refer to the repression, […]
