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.
Germany will provide more than EUR 500,000 this year to support teachers working in German-language education across Romania, the German Embassy in Bucharest announced. Through the Embassy, Germany is funding the project “Support for Teachers in German-Language Education in Romania” with a total of EUR 505,000. The initiative aims to promote the German language as […]
The British journalist and film producer Charlie Ottley, who is behind the Wild Carpathia and Flavours of Romania series, has obtained Romanian citizenship and is set to take the oath of allegiance this week. The National Authority for Citizenship announced that the oath will be taken by several foreigners on November 6. “The solemnity of […]
Romanian police and prosecutors conducted more than 200 searches across the country as part of the larger Jupiter 4 operation on Tuesday, November 4. The searches concern offenses like fraud, forgery of documents, counterfeiting, tax evasion, embezzlement, misappropriation of funds, and abuse of office, among others. “The Jupiter operation contributes to strengthening the efforts of […]
Evrotrust, a leading European Qualified Trust Service Provider (QTSP), has raised EUR 6.6 million in growth funding from 3TS Capital Partners to expand its operations in Romania. The investment, made from 3TS’s recently closed EUR 111 million Fund IV, will help Evrotrust bring EU-grade digital identity, e-signatures, and remote onboarding solutions to local businesses and […]
NATO secretary general Mark Rutte will make his first official visit to Romania on Wednesday, November 5, where he will be received by president Nicușor Dan at the Cotroceni Palace, the Romanian Presidency announced. The announcement comes after
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announced the acquisition of a 65% majority stake in Sibiu-based engineering company Gess Engineering. Gess Engineering develops and implements complex vehicle testing, validation, and integration solutions. The company provides end-to-end services, from engineering and design, prototype testing, and performance analysis, […]
