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.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
Global Vision is proud to announce the signing of a long-term lease agreement with Diehl Aviation, a leading global partner in the aviation industry. As the appointed development partner, the company has been entrusted with the construction of Diehl Aviation’s new production facility in Craiova. The groundbreaking ceremony was held today, July 30, and was […]
Climate Change Summit, the largest event in Central and Eastern Europe dedicated to climate solutions, returns in 2025 with its fourth edition in an expanded format. The event will take place from October 20 to 25, at the Palace of the Parliament and in venues across Bucharest and Romania, as well as various locations throughout […]
