The International Monetary Fund (IMF) has revised its growth forecast for Romania's economy in 2024, lowering its estimate from 2.8% to 1.9%, according to the latest World Economic Outlook (WEO) report. This projection, still optimistic, contrasts with Romania's GDP growth of only 0.7% y/y in the first half of 2024 and the likelihood of weaker performance in the second half due to adverse base effects.
The IMF report anticipates a rebound for Romania in 2025, forecasting growth of 3.3%.
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Exim Banca Romaneasca supports the development of Romanian companies by granting loans for investments and working capital under advantageous conditions, with European guarantees that can cover up to 70% of the financing value, following the signing of a guarantee agreement between the bank and the European Investment Fund (EIF). EIF guarantees can be accessed under […]
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project. The site, once home to the city’s Oil Terminal platform, […]
The Prosecutor’s Office attached to Romania’s High Court requested that the European Parliament lift the immunity of MEP Diana Șoșoacă on Tuesday, September 23. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and war crimes, as well as fascist, legionary, racist, […]
Greek authorities have arrested two Romanian nationals on suspicion of espionage after they allegedly took pictures of the Hellenic Navy’s main base on the island of Salamina, the Coast Guard said on Tuesday, September 23, as reported by ekathimerini.com. The men, aged 52 and 22, were detained on Monday afternoon after Navy personnel spotted...
Last month, the Solis student team from the Technical University of Cluj-Napoca crossed the Australian desert from north to south over 6 days aboard the solar-powered car “Hyperion.” The crossing was part of the Bridgestone World Solar Challenge 2025, which took place on a 3,020 km route, from the cities of Darwin to Adelaide, crossing […]
Romanian firefighters intervened to extinguish 8,520 vegetation fires nationwide between June 1 and August 31 this year, 3.2% fewer than in the same period of 2024, the General Inspectorate for Emergency Situations (IGSU) said on Tuesday, September 23. Despite the slight national decrease, the agency said the phenomenon continues to pose a major threat to […]
