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.
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
Contakt Express Logistik S.A., the Romanian market leader in accessories for phones and tablets, announces the approval of its Prospectus by the Financial Supervisory Authority and the launch of its initial public offering. Following the successful closing of the offering, the company will be listed on the Bucharest Stock Exchange, on the AeRO Market, under […]
The Romanian Environment Ministry has launched a public consultation on changes to national air quality regulations that would allow residents to see real-time pollution levels, replacing the current system based on 24-hour averages. The draft order updates Order 1818/2020, which defines how air quality indices are calculated and reported nationwide. Environment minister Diana Buzoianu said […]
The Bishop of Cluj-Gherla, Claudiu Lucian Pop, has been appointed as the new Major Archbishop of the Greek-Catholic Church, a position that became vacant following the passing of 94-year-old Cardinal Lucian Mureșan in September of this year. The new leader of the Romanian Greek Catholic Church, or the Romanian Church United with Rome, was elected […]
