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.
In the first nine months of the year, MedLife recorded a consolidated pro-forma revenue of over RON 2 billion (EUR 400 mln), an increase of 24% compared to the same period in 2023. As these results confirm the upward trend from the first half of the year, MedLife is expected to become, probably, the first […]
Romanian companies Questo, Steepsoft AI, and Ascendia are among the fastest-growing technology startups in the region, being included in the main category of the 2024 Deloitte Technology Fast 50 Central Europe ranking. In addition, eight other local startups have also been recognized regionally. Questo,...
IMMO GURU, a company that rents its own real estate as short-term and long-term accommodation, was listed on the AeRO market of the Bucharest Stock Exchange on November 14, under the ticker IMMO. IMMO GURU is the fifth company listed on the Romanian stock exchange from the beginning of the year and the fourth on […]
The City Hall of Brașov announced that artificial snow production has started in Poiana Brașov, preparing the slopes for the upcoming ski season. Snow cannons and lances were activated on Friday morning, November 15, as temperatures reached -6 degrees Celsius at the top of Postăvaru Massif. “Considering the favorable weather conditions, with low temperatures in […]
On Thursday, November 14, the European Commission decided to refer Romania and Bulgaria to the Court of Justice of the European Union for failing to fully comply with the obligations regarding collection and treatment established in the Urban Waste Water Treatment Directive. Untreated or uncollected wastewater can endanger human health and pollute lakes, rivers, soil, […]
The big prize of the Romanian Lottery's 6/49 game was won on Thursday, November 14. The winning ticket, which brought almost EUR 9.6 million (RON 47.7 million) to the lucky player, was played at an agency in Galaţi and featured 630 combinations and one "noroc" play, costing a total of RON 4,413, the Romanian Lottery […]
