European Commission Slashes 2024 Economic Growth Forecast For Romania From 3.3% To 1.4%

European Commission Slashes 2024 Economic Growth Forecast For Romania From 3.3% To 1.4%

yesterday, 18:13

The European Commission has slashed its real GDP growth forecast for Romania to 1.4% in 2024 from the 3.3% estimated in the spring, the EC said on Friday (November 15).

Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure

The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of

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CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY

More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six

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Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments

Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local

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Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M

Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated

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Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase

The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the

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Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds

The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by

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OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units

Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward

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World Bank Says Fiscal Deficits Will Remain Elevated In Romania World Bank Says Fiscal Deficits Will Remain Elevated In Romania

Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set

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Analysis

Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings

Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.