Romania
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Erste Group Revises Romania's 2024 GDP Growth Forecast Down To 2.6% From 3.3% Previously
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised downwards its forecast on Romania’s economic growth to 2.6% for 2024 from a previous estimate of 3.3%, afte...
AHK: Romanian-German Trade Up 6% YoY To EUR40B In 2023
Trade between Germany and Romania totaled EUR40.8 billion in 2023, with Romania ranking 17th among Germany’s trading partners, climbing three spots compared to 2022, according to the Romania...
Coface Risk Barometer: Romania’s Risk Assessment Upgraded From B To A4
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than...
Statistics Board: Romania Had Lowest Prices For Food And Non-Alcoholic Drinks In The EU In 2022
Romania and Bulgaria recorded the lowest prices for consumer goods and services among European Union Member States in 2022, being 41% below the EU average, in line with data from the country...
World Bank Revises Romania’s Economic Growth Forecast Downwards To 1.8% For 2023 And To 3.3% For 2024
The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's G...
IMF Praises Romania Economic Growth Efforts In 2023; Recommends Tightening Fiscal Policy Further
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclus...
Romania Gets EUR34M From EU Solidarity Fund To Cover Damages Caused By Drought, Wildfires In 2022
The European Commission has approved EUR33.9 million from the European Union Solidarity Fund (EUSF) to support Romania in addressing the extensive damages caused by droughts and wildfires in...
Colliers: Romania Shaping Up as Major Regional Distribution Hub
Romania is emerging as a major regional distribution hub, especially in southeastern Europe and the stock of logistic spaces is likely to top 10 million square meters by the end of this deca...
European Commission Endorses Romania's EUR28.5B Modified Recovery And Resilience Plan
The European Commission has given a positive assessment of Romania’s modified recovery and resilience plan, which includes a REPowerEU chapter.