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.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
