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.
Cambridge School of Bucharest (CSB) has been shortlisted for the Student Mental Health Initiative of the Year category in the Tes Awards for International Schools 2025, becoming the only school in Romania to appear on this year’s shortlist. The nomination recognises CSB’s pioneering, student-led approach to promoting well-being across the Secondary School and reflects the […]
The Romanian Film Festival UK (RFF25UK) begins this week with a program showcasing a selection of new and archive Romanian feature films, documentaries, and shorts. The festival will open with the UK premiere of Traffic, Romania's 2026 Academy Awards entry. The film is directed by Teodora Ana Mihai from a screenplay by Palme d'Or–winning filmmaker […]
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
