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Romania

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OTP Bank Sees Romania’s Economy Growing By 4% In 2022
Banks-Insurance

OTP Bank Sees Romania’s Economy Growing By 4% In 2022

OTP Bank expects Romania’s economy to increase by 4% in 2022 and to slow down its growth pace to 3.5% in 2023, the lender said in a report.

Ecaterina Craciun · 24.06.2022 · 20:39 · 1 min
Eurostat: Romania Had Lowest Consumer Prices In Europe In 2021
Macroeconomics

Eurostat: Romania Had Lowest Consumer Prices In Europe In 2021

Romania had the lowest consumer prices in Europe in 2021, with a price level for consumer goods and services of 55.5% of the EU average, according to Eurostat, the statistical office of the...

Ecaterina Craciun · 22.06.2022 · 15:36 · 1 min
IMF Urges Romanian Govt To Take Reform Measures And Boost Taxes
Macroeconomics

IMF Urges Romanian Govt To Take Reform Measures And Boost Taxes

The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to rebuild the fiscal space below 3% of gross domes...

Ecaterina Craciun · 10.06.2022 · 17:36 · 5 min
Erste Revises Romania’s 2022 GDP Growth Forecast Up To 5.1%
Macroeconomics

Erste Revises Romania’s 2022 GDP Growth Forecast Up To 5.1%

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Thursday (June 9) revised upwards its forecast on Romania’s economic growth to 5.1% in 2022, from a previous projection of...

Ecaterina Craciun · 09.06.2022 · 16:10 · 1 min
EBRD Expands Presence in Romania by Opening New Regional Office in Cluj-Napoca
Banks-Insurance

EBRD Expands Presence in Romania by Opening New Regional Office in Cluj-Napoca

The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional office in Cluj-Napoca, the country’s second la...

Cristina Bellu · 27.05.2022 · 10:43 · 1 min
European Commission Cuts Romania's 2022 Economic Growth Forecast To 2.6% Versus 4.2%
Macroeconomics

European Commission Cuts Romania's 2022 Economic Growth Forecast To 2.6% Versus 4.2%

Romania’s economy is expected to slow down its growth to 2.6% in 2022 after advancing 5.9% in 2021, the European Commission (EC) said in its Spring 2022 Economic Forecast report released on...

Ecaterina Craciun · 16.05.2022 · 16:10 · 1 min
Just Eat Takeaway To Exit Romania Starting June 1, 2022
Retail&Consumer

Just Eat Takeaway To Exit Romania Starting June 1, 2022

Amsterdam-based food-delivery group Just Eat Takeaway, which operates food ordering and delivery platform takeaway.com, announced on Tuesday (May 10) that it decided to discontinue operation...

Ecaterina Craciun · 10.05.2022 · 17:53 · 1 min
Erste Group Revises Romania’s 2022 Economic Growth Forecast Downwards
Macroeconomics

Erste Group Revises Romania’s 2022 Economic Growth Forecast Downwards

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Friday published a report on the economy of the Central and Eastern European countries, in which it revised its forecast f...

Loredana Frățilă-Cristescu · 29.04.2022 · 19:27 · 1 min
IMF Cuts Romania's 2022 GDP Growth Forecast To 2.2%
Macroeconomics

IMF Cuts Romania's 2022 GDP Growth Forecast To 2.2%

The International Monetary Fund (IMF) has lowered its economic growth projection for Romania to 2.2% for 2022 from a previous projection of 4.8% made in October 2021, the Fund said in the Ap...

Ecaterina Craciun · 20.04.2022 · 10:53 · 1 min