The Romanian economy is expected to grow 2.1% this year, compared to a 3.8% growth forecast in June 2024, according to the latest "Global Economic Prospects" report the World Bank published on Thursday.Additionally, in 2026, Romania's GDP growth is projected to be 2.6%, down from the 3.8% the World Bank forecast in June.Growth in Central Europe is expected to recover to 2.8% in 2025 and 3% in 2026, due to robust private demand. However, exports from Central Europe are expected to remain modest due to the slow growth of the Eurozone.Investment levels, particularly in Poland and Romania, are expected to improve as a result of structural reforms and delayed EU funds. These countries have unlocked 19% and 33% of their allocations from the Recovery and Resilience Facility, with approximately 13% of the targets met and positively evaluated, the report indicates.Despite the influx of financing provided by the EU, recently announced fiscal consolidation measures have contributed to a significant downward revision of Romania's economic outlook since June, according to the World Bank.
The second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
