Romania's economy has never looked better than now and has never been so resistant from the structural perspective considers Andrei Radulescu, macroeconomic management director, Transylvania Bank. “If we consider what has happened in Romania, we will notice that even from the beginning of pandemic economy has presented a macroeconomic performance superior to that of developed western countries, despite the fact that Romania entered pandemic with a relatively low margin of economic policy intervention. However, Romania's economy proved resistant and evolved better compared to the euro zone, both in 2020 and 2021. Look at figures in the first 9 months of the present year. We have economic growth over 7% compared to the same period of 2020 and Romania has been among few countries that recorded a positive annual dynamic of productive investments in 2020, which allowed a rapid transition to a new economic cycle. I would like to point out the fact that from structural perspective Romania's economy has never looked better than now and I refer to the fact that if we apply Cobb-Douglas production factors we notice that capital and multiple productivity factors have a relatively balanced contribution to what that means annual GDP potential dynamic, and that is a signal that the structure of internal economic structure is very resistant. Now, this resistance is confirmed by a series of other indicators, Radulescu said. According to him, indicators also include the significant growth of direct foreign investments, which reached 5 billion euros in the first 9 month of 2021, being the highest level since 2008. Also, despite ll shocks with which Romania's economy was faced in 2021, at the end of October the risk premium due after 5 years was at low level. Present at the conference “Lessons learned in pandemic. What comes next?”, a debate with Romanian economic, banking and financial personalities, organized by Oxygen Events, Andrei Radulescu said that inflation could get down to the level foreseen by the National Bank for 2023. In his opinion, an opportunity would be for Romania to be invited to negotiations to join OCDE until the end of 2022.
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
A moose has been unexpectedly spotted in the Hunedoara county area, specialists from the conservation group Rewilding Romania announced on Wednesday, December 10, sharing footage of the animal on social media. The sighting is considered “an important discovery for Romania’s wildlife,” though experts caution that it remains unclear how the animal reached this region. According […]
Trade unionists will continue to require the Presidential Administration to mediate the conflict with the government on issues such as the minimum wage or the collective labour agreement, said Bogdan Hossu, president of the Cartel Alfa trade union confederation, as reported by
Prime minister Ilie Bolojan said on Wednesday, December 10, that Romania’s state budget for 2026 will be adopted only at the end of January, citing the need for Parliament to first approve legislation required to ensure predictability and compliance with the country’s deficit targets. His comments came as the government has been working to align […]
Bosch announced that its Global Business Services centre in Romania, at Timisoara, plans to reduce approximately 510 positions of the existing 1,800 by the end of 2030 as part of a cost-cutting plan that aims to lay off 13,000 employees worldwide across the entire group. The company cited “stagnant demand for services” and “productivity potentials […]
