The significant slowdown in the economy has to be put down to the effects of inflation, the falling purchasing power of the population and the major problems faced by more and more companies, amid falling sales, from financial bottlenecks to a drop in supplier credit, said economic consultant Adrian Negrescu. According to the data published on Thursday by the National Institute for Statistics (INS), the GDP was not changed in Q3 of this year, as compared to the previous quarter, for a seasonally adjusted series, while against the same quarter of 2023 GDP dropped by 0.2%."The economy is operating with the handbrake on. Statistical data confirms that we are witnessing real economic stagnation, with many sectors where sales are falling significantly and the number of companies closing is increasing by the day. The significant slowdown in the economy has to be put down to the effects of inflation, the falling purchasing power of the population and the major problems that more and more companies are facing, amid falling sales, from financial bottlenecks to a drop in supplier credit," said Mr Negrescu. He said that, unfortunately, the industrial production has been dropping for months, the constructions register the highest drop since the previous crisis, agriculture is very much affected by the drought and commerce gives the first signs of dropping due to the reduction of purchasing power."Even the IT&C sector is no longer making a positive contribution to GDP, the economy is gasping for breath, and the outlook for 2025 does not look good. It's a paradox what is happening in Romania - we have borrowed almost €50bn, the deficit will pass €27bn, we have allocated more money for investment and yet the economy is heading for recession. It's a sign that the situation is not positive at all and that measures need to be taken", added the economic consultant. According to him, it is ‘absolutely vital to drop the work taxes, in order to leave more money in the people’s pockets’. He said that ‘ we will not be able to restart the economy unless we take measures meant to support private investments, recruitment and increase of salaries’.
One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated to improving […]
The investment includes the modernization of the production unit in Crevedia and the launch of PIUA, Maidan’s first premium spreadable product range, responding to the growing demand in the ready-to-eat market. Maidan, a company active in corporate and private event catering, industrial catering and the development of its own gastronomic products, announces a total investment […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated […]
Unanimously adopted, the Nordis Law marks a decisive moment for Romania’s residential market. It introduces a set of rules designed to protect buyers, hold developers accountable, and reduce speculative risks, with a strong focus on transparency and stability. Under the new legislation, the reservation fee cannot exceed 5% of the property value, reservation contracts cannot […]
Via Dobrogeana, a planned trail covering the southeastern part of the country, aims to offer travelers the opportunity to explore the region's cultural and ethnic diversity. The trail will be about 850 km long, stretching from the 17th-century Sfânta Precista Monastery in Galați to Ialomița County. Via Dobrogeana will be a mixed route. In addition […]
Police and prosecutors carried out 25 searches in Romania and Italy on Tuesday, November 18, aiming to dismantle a group made up of four families, who allegedly sexually exploited, mainly in Italy, more than 30 victims. After the searches, 19 people were detained, and two others were placed under judicial control for forming an organized […]
