The World Bank has upheld its forecast for Romania’s economy, projecting a 3.3 percent growth for 2024 and 3.8 percent in 2025, consistent with its January estimates. The WB’s latest Global Economic Prospects report also anticipates a 3.8 percent gross domestic product (GDP) increase for Romania in 2026. The European Bank for Reconstruction and Development (EBRD) has maintained its forecast of a 3.2 percent growth for 2024, unchanged from its September 2023 estimates, with an expected acceleration to 3.4 percent in 2025. The EBRD cautioned that Romania’s main economic vulnerability lies in its fiscal position. The European Commission’s spring economic forecasts, published in May, project that Romania’s real GDP growth will surpass 3 percent over the forecast horizon. The Commission said that this growth is driven by accelerating private consumption supported by higher real disposable incomes. Financial conditions are expected to ease, and public investment is projected to remain robust, although external demand from main European Union trading partners is anticipated to be weak in 2024. The International Monetary Fund (IMF) has revised its growth estimates for Romania, lowering the forecast from 3.8 percent in October to 2.8 percent, according to the April World Economic Outlook report.
Exim Banca Romaneasca supports the development of Romanian companies by granting loans for investments and working capital under advantageous conditions, with European guarantees that can cover up to 70% of the financing value, following the signing of a guarantee agreement between the bank and the European Investment Fund (EIF). EIF guarantees can be accessed under […]
Romania’s Ministry of Investments and European Projects will introduce an open data type of reporting, with all 17,000 projects included in the EU-funded Recovery and Resilience Plan, or PNRR. The projects will be placed in a database indexable by location, type of beneficiary, or type of intervention, according to minister Dragoș Pîslaru. "We are talking […]
Romanian developer IULIUS announced on Tuesday, September 23, that it will invest EUR 29 million in “the largest bioremediation project in Europe by a private investor,” restoring 38 hectares of contaminated land in downtown Constanța as part of its EUR 800 million urban regeneration project. The site, once home to the city’s Oil Terminal platform, […]
The Prosecutor’s Office attached to Romania’s High Court requested that the European Parliament lift the immunity of MEP Diana Șoșoacă on Tuesday, September 23. The request relates to cases of unlawful deprivation of liberty, Holocaust denial, public promotion of the cult of persons convicted for genocide and war crimes, as well as fascist, legionary, racist, […]
Greek authorities have arrested two Romanian nationals on suspicion of espionage after they allegedly took pictures of the Hellenic Navy’s main base on the island of Salamina, the Coast Guard said on Tuesday, September 23, as reported by ekathimerini.com. The men, aged 52 and 22, were detained on Monday afternoon after Navy personnel spotted...
Last month, the Solis student team from the Technical University of Cluj-Napoca crossed the Australian desert from north to south over 6 days aboard the solar-powered car “Hyperion.” The crossing was part of the Bridgestone World Solar Challenge 2025, which took place on a 3,020 km route, from the cities of Darwin to Adelaide, crossing […]
