The International Monetary Fund (IMF) has downgraded its growth projections for the Romanian economy this year. The latest “World Economic Outlook” report from the IMF revises the estimate from 3.8% in October to 2.8% According to the IMF’s new forecasts, after an advance of 2.1% last year, the economy will grow to 2.8% this year, accelerating to 3.6% in 2025. In October, the IMF estimated an advance of 3, 8% of Romania’s GDP in 2024. Regarding inflation, the IMF forecasts that Romania will register an average annual increase of 6% this year and 4% next year, from 10.4% in 2023. In October, the IMF estimated an average annual increase in inflation of 5.8% in 2024. Also, the IMF expects Romania’s current account deficit to remain at 7.1% of GDP in 2024, similar to the level forecast in October and to that of 2023. For 2025, the international financial institution predicts a slight reduction, to 6, 8% of GDP, of the current account deficit. As for the unemployment rate, the IMF estimates a level of 5.6% in 2024, similar to that of 2023, and at 5.4% in 2025. The forecasts were published on the occasion of the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB), which take place between April 15 and 20, in Washington.
Eltra Logis, one of the leading players in the niche logistics, transportation, and warehousing market, has developed its own software solution, Rapido, with a strategic investment of EUR 800,000. The company brings a scalable solution dedicated to e-commerce players to the market that increases operational efficiency, reduces costs, and improves customer experience. Eltra Logis aims […]
TenarisSilcotub, the leading Romanian producer of small-diameter seamless pipes, announces the completion of construction on its first renewable energy production facility — a 20 MW photovoltaic park, developed through a USD 21.5 million investment. The project was financed through both company funds and non-reimbursable European grants, provided via the National Recovery and Resilience Plan, Pillar […]
Chef Dragoș Bercea, the culinary experiences coordinator at Zooma – the event center of City Grill Group – has been named “Best Event Chef 2025” at the 3rd edition of the Chefi de România Gala, a landmark event for the local gastronomic industry. The award recognizes his significant contribution to the development of the fine […]
A recent survey conducted by eJobs Romania revealed that 65.6% of employers will offer benefits to their employees for the Easter holidays this year. The majority of these companies have budgeted for cash bonuses, with vouchers and gift tickets being the second most commonly offered benefit. Other popular benefits include extra days off and holiday-themed […]
Flyone, a leading aviation company in Moldova and Armenia, said it is expanding its operations in Romania. This summer, the airline will launch a new operational base at Bucharest's Henri Coandă International Airport, marking its official debut on the Romanian market. As part of its expansion strategy, Flyone will allocate two modern Airbus A320 aircraft […]
Bucharest is rapidly emerging as a key player in the hospitality sector, attracting growing attention from global industry leaders. The city boasts a vibrant lifestyle, skilled talent, and significant economic potential, positioning it as one of Europe’s top destinations for hospitality investments. An increasing number of international brands are actively exploring expansion opportunities in Romania’s […]
