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.
The National Bank of Romania (BNR) ended 2024 with a profit of roughly RON 3.8 billion (EUR 760 million), a 58% increase compared to the previous year, despite the operations it performed to maintain the national currency's stability. The figures, published in a report on Monday, June 23, show that operating costs for 2024 were […]
Over half of Romanians trust the United States and the United Kingdom, according to the Informat.ro - INSCOP Research Barometer conducted between May 26–30, 2025. Only 11% trust Russia, with higher levels of trust from among far-right voters of the Alliance for the Union of Romanians (AUR) party. The United States is trusted by 52.8% […]
Prahova County launched construction on a major cycling infrastructure project aimed at connecting local vineyard towns and promoting green mobility and sustainable tourism. The initiative, titled “Establishment of Bicycle Lanes on Bachus’s Route,” represents an investment of over RON 25 million, with RON 21 million coming from non-reimbursable funds provided by the Environmental Fund Administration. […]
Forvis Mazars, the international audit, tax and advisory services partnership, is pleased to announce the launch of its International German-Romanian Desk, an initiative aimed at addressing the demand for integrated cross-border tax and legal support between Germany and Romania. The Desk combines a highly qualified German team of lawyers with an interdisciplinary Romanian team of […]
Last week, the BBC reported that Romanian authorities have launched an investigation into Tristan Tate, brother of controversial internet personality Andrew Tate, over allegations he broke election laws by posting political content on social media during the recent presidential elections. The investigation, opened by the Ilfov county police according to the British newspaper's sources, is […]
Bucharest is facing growing environmental challenges, with traffic-related air pollution, shrinking green spaces, and worsening climate impacts threatening the health and well-being of its residents, according to the latest “State of the Environment in Bucharest” report released by the Bucharest Community Foundation through the Environmental Platform for Bucharest. For example, air pollution has already reached […]
