12.03.2024

Local construction company Concelex, held by Daniel Piturlea, expects to end 2024 with RON1.4 billion turnover and has budgeted an increase of at least 20% for 2025 against the backdrop of contracts more

11.15.2024

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). more

11.14.2024

Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic growth forecast for Romania to 0.8%, down from its more

09.06.2024

BCR, the second largest bank in Romania, has revised its 2024 economic growth forecast for the country to 1.9% from 2.6%, as previously stated. The revision of the forecast is because of the mere 0.7% more

09.06.2024

ING Bank has decided on Friday (Sept 6) to revise its growth forecast for Romania's economy in 2024 to 1.3% from its previous estimate of 2% after Romania's statistics board INS released detailed data more

08.20.2024

Romania’s central bank expects the inflation to go down to 4% in December 2024 and 3.4% in the last month of 2025, a better outlook than in the previous forecast, particularly for the end of 2024, more

08.14.2024

ING Bank has decided on Wednesday (August 14) to revise its growth forecast for Romania's economy in 2024 to 2% from its previous estimate of 2.8%, a level that is still deemed optimistic. more

07.17.2024

Franke Romania, the local subsidiary of the Swiss group by the same name, has budgeted a turnover of RON54 million for 2024, up 10% from 2023, but slightly lower than in 2022. more

04.16.2024

International Monetary Fund (IMF) has revised its actual economic growth forecast for Romania downwards to 2.8% in 2024 from the 3.8% estimated in the October 2023 forecast, its latest “World more

02.19.2024

Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA association agreed. more

02.16.2024

The European Commission, in its Winter Forecast on February 15, revised downwards its forecast for Romania’s economic growth to 2.9% for 2024 and 3.2% for 2025, lower by 0.2 percentage points (pp) more

02.15.2024

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%, after more

01.10.2024

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 Global more

01.09.2024

Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, expects the local market to temper its growth in 2024 or even to fall slightly compared with 2023, due to price increases for both more

01.08.2024

iBanFirst analysts expect a slight depreciation trend for the Romanian leu (RON) versus the euro and dollar in the first quarter of 2024, amid weak growth of the Romanian economy. more

11.28.2023

Romanian executives forecast a period of stability for the activity in the manufacturing industry, retail trade and services sectors for the November 2023 and January 2024 period, in line with a more

11.10.2023

Romania's central bank has kept its inflation forecast at 7.5% for the end of 2023, according to the Quarterly Inflation Report presented by central bank governor Mugur Isarescu on Friday (November more

10.17.2023

Romania’s government will revise the 2023 economic forecast downwards but stick with an over 2% growth, more optimistic than that of international institutions like the World Bank or the more

09.22.2023

ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first half of the year and limited prospects for an more

07.03.2023

UniCredit analysts expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging, the bank more

05.15.2023

The European Commission believes Romania’s economy will see higher growth than expected and raised its real GDP growth forecast from 2.5% to 3.2% for 2023. more

03.29.2023

Romania’s economic growth will slow down in the first half, following a decline in household spending, investments and the compression of the export growth rate, but has solid prospects of a later more

02.13.2023

Romania’s economy is expected to grow by 2.5% in 2023, the European Commission said in its winter economic forecast published on Monday, higher than the fall forecast of only 1.8%. more

01.05.2023

2023 is expected to be a challenging year as the energy crisis continues to affect Europe, inflation will remain high until 2024, and the scenario of an economic recession seems imminent. more

11.14.2022

Romania's central bank revised upwards its 2022 year-end inflation forecast to 16.3%, from its previous August forecast of 13.9%, central bank governor Mugur Isarescu said Monday (Nov 14) at a press more