Romania’s economy grew in 2021 by 5.8%, compared to 2020
The estimated Gross Domestic Product for 2021, in semi-final data, was of 1,187.402 billion lei in current prices, increasing in…
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PwC: At just 0.5%, the global rate of decarbonisation, at lowest level in over a decade
The global rate of decarbonisation stood at 0.5% in 2021, the lowest level in a decade, as energy consumption and…
Italy increases spending by 30 bln. euro to counter the energy crisis
Italy’s new right-wing government plans to announce on Monday about 30 billion euro in additional spending in the 2023 budget,…
NBR increased the key interest rate to 6.75%, inflation to decrease in 2023
In its meeting of 8 November 2022, the Board of the National Bank of Romania decided to increase the monetary…
NBR surges interest rate by 75 bp, as inflation soars
The Board of Directors of the National Bank of Romania decided today to increase the monetary policy interest rate to…
Cost of energy crisis in Europe, close to 500 bln. euro
The bill for Europe’s energy crisis is approaching 500 billion euro, as governments in the region scramble to cushion the…
USD rise could cause fuel bills to grow
The rise of the US dollar could lead to an increase in fuel bills, but also higher public debt repayment…
Popa, BNR: If the capping scheme were to remain as it is, the deficit would probably jump to 9% of GDP
If the capping and compensation scheme would remain in its current form and would cost 40 billion lei, there is…
Eurostat: The Netherlands and Romania, highest EU economic growth in Q2
The Gross Domestic Product of the European Union and the Eurozone registered an increase of 0.6% in the second quarter…
Radu Burnete, Concordia: It is baffling why the Gov’t does not allocate the necessary sums for capping
It is baffling why, in the context of higher-than-expected collection at the state budget, the Government does not allocate the…
Romania’s economy grew by 5.2% in the first three months of 2022
Romania’s economy grew by 5.2% in the first quarter of this year compared to the previous quarter, while compared to…
Germany would lose 5% of its GDP in the event of a Russian gas embargo
An immediate European embargo on natural gas imported from Russia could cost Germany up to 5% of its GDP this…
World Bank estimates that Romania’s economy will grow modestly by 1.9% in 2022
Romania’s economy will grow modestly by 1.9% in 2022, as the risks from the Ukraine crisis are high, the World…
Gentiloni: Romania’s economic growth will be negatively affected by the war in Ukraine
The effects of the war in Ukraine on the European economy cannot be quantified yet, but it is clear that…
Cîțu: Romanian economy risks going into recession
Romania risks falling into recession if actions are not taken, says former Prime Minister Florin Cîţu, after the INS announced…
OECD: Romania’s economic growth is solid, but the risks are high
The growth of Romania’s economy is solid, but the risks are high, according to the study dedicated to Romania “Economic…
PwC: Romanian companies estimate that the economy will evolve better in 2022
The perception of 59% of the general managers of Romanian companies is that, in 2022, the national economy will have…
Romania’s GDP increased in 2021 by 17 bln. euro compared to 2019, at a record level
Romania’s Gross Domestic Product increased in 2021 by 17 billion euro, as compared to 2019 and reached almost 1,190 billion…
Prolemn: State subsidizes heating with fossil fuels, while biomass energy is not supported
Wood provides cheap, affordable, renewable thermal energy, based on an internal resource, but paradoxically the state subsidizes heating with fossil…
EBRD improved its forecasts for the Romanian economic growth in 2021 to 7.2%
The European Bank for Reconstruction and Development (EBRD) has significantly improved its estimates on Romania’s economic evolution in 2021, forecasting…
Investments in green energy would help Romania recover over 60% of GDP lost during pandemic
Romania could recover, in the next three years, over 60% of the loss of Gross Domestic Product (GDP) caused by…
WB: Romanian economy would register an advance of 7.3% this year
Romanian economy would register an advance of 7.3% this year, after a contraction of 3.9% in 2020, while in 2022…
Enel: Improve governance opens the way for investments and ensures the achievement of 2030 targets
Positive impact on Gross Domestic Product (GDP) and employment, as well as various environmental benefits. Effectively managing the energy transition…