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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
