The International Monetary Fund (IMF) has revised downwards its estimates for the growth of the Romanian economy in 2024, from 3.8% estimated in October to 2.8%, according to the latest "World Economic Outlook" report, published on Tuesday by the international financial institution.According to new IMF forecasts, after growing by 2.1% in 2023, the economy will grow by 2.8% in 2024 and accelerate to 3.6% in 2025. In October, the IMF estimated a 3.8% advance of Romania's GDP in 2024.The IMF is expecting inflation in Romania to increase by 6% in 2024 and by 4% in 2025. In October, the IMF forecast average annual inflation growth of 5.8% in 2024.The IMF is also expecting Romania's current account deficit to remain at 7.1% of GDP in 2024, similar to its October 2023 forecasts. In 2025, the inflation should slightly decrease to 6.8% of GDP.As far as unemployment is concerned, the IMF estimates it at 5.6% in 2024, similar to that of 2023, and 5.4% in 2025.The forecast was published at an annual meeting of the International Monetary Fund (IMF) and the World Bank (WB), which take place from April 15 to 20 in Washington.
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
