The International Monetary Fund (IMF) revised its forecast for Romania’s economy upwards to 7% under its October 12 World Economic Outlook (WEO), up from 6% envisaged under its spring forecast round. (Details on :https://www.imf.org/en/Publications/WEO/Issues/2021/10/12/world-economic-outlook-october-2021?mc_cid=51539b3358&mc_eid=cd1f92f96c) Nothing surprising, the figure is in line with the Government’s expectations and the latest World Bank forecast (+7.3%). Among the European Union countries, only Ireland (13%), Estonia (8.5%) and Hungary (7.6%) will grow faster than Romania. The country’s economy will further rise by 4.8% in 2022 to later stabilise around a growth rate of 3.5% (2026) under the Fund’s scenario. On the downside, the IMF has revised its forecast for Romania’s current account (CA) and inflation forecast upwards. While the inflationary path is in line with a global pattern, Romania’s structural external deficit is specific to its economy and a growing concern. The IMF expected under its spring forecast that Romania’s CA gap would subside to 4.5% of GDP (from 5.2% in 2020), but it revised its projection to 5.7% of GDP in 2021 and 5.5% of GDP in 2022.
The Wrocław Baroque Ensemble, a resident ensemble of the National Forum of Music (Narodowe Forum Muzyki – NFM) in Poland, will present a series of concerts in Romania exploring rarely performed works from Polish composers. Since its establishment in 2012, the group has specialized in historically-informed performance of Polish Renaissance and Baroque music under the […]
Fewer and fewer Europeans strongly support democracy, according to a new poll by European Movement International and Savanta. Romania is among the countries with the lowest support for democracy, the same study showed. Published on Monday, July 28, the report highlights that people are disillusioned with democracy across Europe. Overall, only 36% are consistent supporters...
The Romanian delegation concluded its participation in the Balkan Senior Championships in Volos, Greece, with a total of 9 medals, out of which 4 gold, 3 silver, and 2 bronze. The gold medals were won by athletes Rareş Toader in shot put (20.74 meters), Alin Firfirică in discus throw (63.15 meters), Alina Rotaru-Kottmann in long […]
Romanian locomotive manufacturer Softronic Craiova has signed a contract with RS Lease Slovakia for the delivery of two Transmontana locomotives, which will be produced in the Craiova plant and delivered in the first half of 2026. The six-axle electric locomotives are designed for the demands of heavy freight transport, but are also adaptable to other […]
The Romanian heavy metal band Trooper returns to Sala Palatului on February 28, 2026, with the show “Regeneza,” a journey through its entire discography, along with special guest Blaze Bayley, Iron Maiden’s vocalist from 1994–1999. The concert is a transformation and a return to the spiritual roots of the band, according to lead singer Alin […]
Full Moon, the festival showcasing horror and fantasy films, will hold its tenth edition next month in Biertan, a village in Sibiu county known for its UNESCO-listed fortified church. The festival will present this year a program of 16 films, six of which are national premieres. The edition's headliner is Radu Jude's Dracula, an international […]
