Romania's economy is expected to grow by just 0.4 percent this year, compared to the 1.3 percent forecast in June, according to the latest World Bank economic analysis for Europe and Central Asia, titled "Jobs and Prosperity," published by the international financial institution on Tuesday.Furthermore, Romania's GDP growth in both 2026 and 2027 is projected to be 0.6 percentage points lower than previously estimated in June, at 1.3 percent and 1.9 percent, respectively.According to the international financial institution, consumer spending in Romania is expected to slow to around 1.1 percent this year, down from an average of 5 percent over the 2000-2024 period, as fiscal consolidation weighs on expenditure and inflation remains high.The World Bank mentions that retail sales volume grew only 3.1 percent between January and July this year, compared to nearly 9 percent in 2024, and new car registrations in Romania dropped 22 percent in the first half of the year.Moreover, the World Bank mentions, Romania, with a fiscal deficit exceeding 9 percent of GDP last year, has introduced a fiscal consolidationpackage combining spending measures, such as public wage and pension freezes, with higher taxes. The fiscal deficit in Romania is expected to decline to below 6 percent of GDP by 2026.
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
Council of Europe, a continent-wide humanitarian organization, recommends that Romania put in place a national system of monitoring racist and anti-LGBTI incidents in schools. The recommendations come as the Council of Europe’s anti-racism body, the European Commission against Racism and Intolerance, published several reports, including on Romania, regarding policies and practices to prevent and combat […]
France’s minister for armed forces and veterans, Catherine Vautrin, declared on Thursday, October 30, during a press conference, that the French troops in Romania will not be downsized. The French minister was in Romania to meet with Romanian counterpart Ionuț Moșteanu. The two officials analyzed the security situation in the Black Sea region, France’s contribution […]
