For 2017, the EBRD sees Romania’s economic growth at 3.5%.
The EBRD said strong domestic demand will continue to support economic growth in 2016 and 2017 and consumption will be encouraged by the cut in value-added tax from 24% to 20% as of January 2016, a 19% raise in the minimum wage starting May, planned wage raises in the public sector, improved economic sentiment and a low inflation environment.