ING Bank Revises Romania’s 2023 Economic Growth Forecast From 2.5% To 1.5%

ING Bank Revises Romania’s 2023 Economic Growth Forecast From 2.5% To 1.5%

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 acceleration in the second part.

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EBRD Grants EUR50M Financing To Support Small Businesses In Romania EBRD Grants EUR50M Financing To Support Small Businesses In Romania

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,

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A Third Of Romanians Expect Home Prices To Plunge Until Spring 2023 A Third Of Romanians Expect Home Prices To Plunge Until Spring 2023

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OMV Petrom and CE Oltenia Set to Build Four Photovoltaic Parks in EUR400M Investment OMV Petrom and CE Oltenia Set to Build Four Photovoltaic Parks in EUR400M Investment

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European Commission Warns Romania About Lack Of Long-Term Strategy On Energy And Climate European Commission Warns Romania About Lack Of Long-Term Strategy On Energy And Climate

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Bucharest, Cluj and Timis Employ 70% Of Romanian IT Professionals Bucharest, Cluj and Timis Employ 70% Of Romanian IT Professionals

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

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Deloitte: Banks’ Profitability To Decrease Over The Next Year Deloitte: Banks’ Profitability To Decrease Over The Next Year

Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s

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Transelectrica Gets EUR424M For Development Of National Energy Infrastructure Transelectrica Gets EUR424M For Development Of National Energy Infrastructure

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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.

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Central Bank: Romania's Economic Growth Expected to Decelerate Considerably in 2022 and 2023

Romania’s economic growth is expected to decelerate considerably in 2022 and 2023, after having reached very high dynamics from a historical perspective in 2021, yet significantly lower than previously forecast (in November 2021), the minutes of the monetary policy meeting of Romania’s central bank (BNR) say.

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