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.
Romania has signed an intergovernmental contract with Türkiye for the purchase of a HISAR-class light corvette, marking a major step in the modernization of the Romanian Naval Forces. It is also the first international sale of a combat ship built in Türkiye to a NATO and EU member state, according to ASFAT representatives. The total […]
It’s the weekend of the St Nicholas celebration, but also of one for bookworms as one of Bucharest’s two major book fairs is on. Meanwhile, more season markets and events bring a festive atmosphere. ...
It’s the weekend of the St Nicholas celebration, but also of one for bookworms as one of Bucharest’s two major book fairs is on. Meanwhile, more season markets and events bring a festive atmosphere. ...
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
