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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
