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.
TikTok has launched an Election Center dedicated to Romania's upcoming elections as part of its broader effort to protect "the integrity of the platform" and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement. […]
Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania "is faithful to democratic principles […]
Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings […]
The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films […]
Update: The Romanian Ministry of Foreign Affairs said in an official press release that the Romanian citizen was initially detained in the Abkhazia region four months ago and was later transferred to Sochi, Russia. "Steps have already been taken to provide consular protection and assistance with the central and local authorities, in accordance with international regulations," […]
Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to […]
