An International Monetary Fund (IMF) mission, led by Joong Shik Kang, will visit Bucharest from September 3 to 12, 2025, to analyze recent developments in the Romanian economy."The Fund team will analyze recent economic developments and policies. It will meet with officials from the Ministry of Finance, the National Bank of Romania, and other government agencies, as well as with representatives of the private sector and non-governmental organizations," the international financial institution announced.Consultations constitute a surveillance exercise that is mandatory for all Member States. The purpose of consultations under Article IV is to examine the financial and economic situation at national level and to formulate general recommendations regarding monetary, financial and economic policies to be followed in order to ensure stability and positive developments in the economy.Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund, but the financial institution annually evaluates the evolution of the Romanian economy, based on Article IV consultations.This year, an IMF mission took place in Bucharest, also led by Joong Shik Kango, between February 3 and 7, 2025.The International Monetary Fund has worsened its estimates regarding the growth of the Romanian economy this year, from 3.3% as previously forecast, to 1.6%, according to the "World Economic Outlook" (WEO) report, published in April 2025 by the international financial institution.
At 24 years old, Romanian Claudiu Fusaru is the youngest T-38 instructor in the 469th Squadron of the Euro-NATO Joint Jet Pilot Training (ENJJPT), the most complex international program for training NATO fighter pilots. The pilot training program, active since 1981, brings together 14 NATO nations and trains the best fighter pilots in the world […]
The Romanian General Prosecutor’s Office and the Directorate for the Investigation of Economic Crime conducted searches at companies part of the Tinmar group on Thursday, November 6, Economedia.ro reported. The company, one of the largest energy traders in...
The Romanian government has approved a new emergency ordinance that introduces major fines for feeding wild bears, environment minister Diana Buzoianu announced on Thursday, November 6. The legislation also defines key terms such as "feeding of bears" and "habituated bear," aiming to curb practices that draw wildlife into populated areas,
The American defense technology company Allen Control Systems (or ACS) has signed a memorandum of understanding with the Romanian Armed Forces for the joint production of autonomous anti-drone turrets in Romania. ACS recently signed two contracts for the delivery of its autonomous Bullfrog turret to the armies of South Korea and the United Arab Emirates. […]
Global environmental NGO Greenpeace saluted the fact that Romania adopted a new normative act on Thursday, November 6, creating the necessary legislative framework so that citizens, municipalities, NGOs, and small enterprises can jointly produce, manage, and consume renewable energy. The framework was finally created “after nearly three years of waiting and requests from local authorities […]
Roweb, compania românească din spatele software-ului nr.1 din Belgia în Real Estate În timp ce România continuă să importe mai mult decât exportă, companii locale precum Roweb demonstrează că soluțiile digitale și inteligența artificială pot echilibra balanța și pot pune țara pe harta inovației europene. AI made in Romania: de la cod la […]
