Romania's economy could grow next year by 2.1% and inflation could be 8.7% at the end of the year, says Ciprian Dascalu, head economist with BCR. 'Our forecast says: 2.1 economic growth next year. To mention some background hypotheses. I think the main hypothesis is growth in the euro zone - 0.1% - similar to the working hypothesis. To give it some flexibility, if from this 0.1% we go to -1/+1% namely an adjustment of a percentage point on one side or another of the growth in the euro zone affects the growth prognosis for GDP in Romania with almost 0.7 - 0.8 %. This is the flexibility in our estimate.Inflation 8.7% at the end of the year. Again, the hypothesis that the measures will remain and they have already been approved extended, the support measures for the costs with energy up to 2025. Another hypothesis is oil price. If we watch futures curve for oil, at the end of next year the prices are anticipated to drop. And this brings a disinflationist effect and for the first round, somewhere a drop in the oil price of about 10% - it would mean effect of round one, somewhere about 0.2 percentage point of inflation. And the effects of round two get somewhere to 0.4%, said Ciprian Dascalu on Friday at the annual conference of the Association of Financial-Banking Analysts of Romania (AAFBR), event organised with the support of PwC Romania and BRD -GSG. As regards interests, he said that BNR closed down its cycle of strengthening on the key rate at 6.75% in November. Asked about the possible key interest for next year, he said that he sees it as constant for the whole of 2023. At the same time, Florian Libocor, founding member of AAFBR, head economist with BRD-GSG stated that 2023 will not mean recession for Romania, but a slowing down of the growth rhythm. He mentioned that next year will be a year of resilience.
Rescuers part of the Brașov County Salvamont Service spent the night in the Bucegi Mountains on Wednesday to Thursday, December 3-4, to continue searches for missing 18-year-old British citizen George Smyth. In the morning, the team of 17 mountain rescuers who slept in a chalet resumed the search in the Țigănești area despite difficult conditions […]
Roughly nine in ten Romanian employers plan to award Christmas benefits to their staff this year, according to a new survey conducted by leading online recruitment platform eJobs. The findings show that 89.7% of employers have prepared holiday perks for December, while 10.3% reported having no budget available for this purpose. As in previous years, […]
Authorities in Romania, such as the Environment Ministry, the Romanian Waters, and the Prahova local water authority Exploatare Sistem Zonal Prahova, have passed responsibility to each other for the ongoing water crisis that has left over 100,000 people without clean drinking water in the counties of Prahova and Dâmboviţa, as well as schools and hospitals in […]
Google has released its annual report on Romania’s most popular search trends, showing how politics and pop culture shaped online behaviour in 2025. Queries about Nicușor Dan, Ion Iliescu, and the viral toy Labubu stood out among the fastest-rising searches of the year, alongside major entertainment moments and high-profile public events. The spring presidential election […]
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]
The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...
