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.
Fredel is redefining how families in Romania and across Europe access elite education and lifestyle learning. Founded by Martyn Birchall, an education expert, Fredel works with like-minded families who believe in investing early in the future of their children. At its heart, Fredel is not just an educational consultancy — it...
Travel platform Lonely Planet has published a list of best Halloween destinations to try in Europe and Romania’s famous region of Transylvania is at the top. Best known as the place where Dracula’s Castle is located, the Romanian region is also home to the Citadel of Sighişoara or the spooky Hoia-Baciu Forest in Cluj-Napoca. “Forget […]
On a crisp November evening, Bucharest sheds its autumn gloom and slips into something far more vivid. Inside the Radisson Blu Hotel, the lobby glows with candlelight, bursts of marigold yellow, and the hum of anticipation. This year’s Halloween celebration isn’t about fright, it’s about life. On November 1, the five-star hotel on Calea Victoriei […]
Bitdefender, the global cybersecurity leader born in Romania, announced the extension of its multi-year partnership and collaboration agreement with Scuderia Ferrari HP, the Formula 1 racing division of Ferrari. Under the renewed agreement, Bitdefender will remain Ferrari’s exclusive global partner in the cybersecurity category and will...
Cluj-Napoca will build a center for the victims of domestic violence following an investment of EUR 5 million, mayor Emil Boc announced on October 20. The center will consist of an administrative building, with spaces for social, medical and psychological counseling, offices, kitchen, dining room and activity areas; and a building with 14 fully equipped […]
A total of 170 people will be laid off from the Bosch factory in Jucu, in Cluj county, Hacking Work reported. In Cluj, Bosch currently has approximately 3,300 employees at its production facility. The factory produces electronic control units for driving assistance, traffic safety and comfort, and improving the driving experience. “The development of Bosch’s […]
