November 6, 2019

EBRD improves its growth forecast for Romania in 2019
Nov 6, 2019

EBRD improves its growth forecast for Romania in 2019.
The European Bank for Reconstruction and Development (EBRD) has improved its estimates of Romania’s economy in 2019 and maintained its 2020 GDP forecast, according to a press statement released on Wednesday by the bank. According to the latest EBRD forecasts, Romania’s economy is expected to grow 4pct this year, up from its previous estimates of May 2019’s 3.2pct. For 2020 the EBRD kept the estimation regarding a 3.2pct expansion of the GDP of Romania. "Growth is expected at 4.0 per cent in 2019, moderating to 3.2 per cent in 2020 because of higher perceived investment risks and growing external imbalances. Key risks to the outlook are linked to weakness in major trading partners, not least the eurozone, rising labour shortages and domestic political and reform uncertainty," according to the November 2019 issues of the Regional Economic Prospects in the EBRD Regions. The International Monetary Fund (IMF) also upwardly revised in October to 4pct its estimates regarding the developments in the Romanian economy in 2019. While in April the IMF estimated that Romania will get an economic growth of 3.1pct this year, followed by a 3pct advance in 2020, in its report "World Economic Outlook", published in mid-October, the international financial institution upwardly revised the economic growth for the Romanian economy to 4pct in 2019 and 3.5pct in 2020. AGERPRES (AS - author: Mihaela Dicu, editor: Nicoleta Gherasi; EN - author; Corneliu-Aurelian Colceriu, editor: Adina Panaitescu)

[Read the article in Agerpres]

#2019PresidentialElection/ 'Carol I' Central University Library to host Klaus Iohannis's Nov. 19 electoral debate The Bucharest National University of Political Studies and Public Administration (SNSPA) announced that it will provide "a neutral space" for the electoral debate with opinion makers, journalists and political scientists announced by President Klaus Iohannis, as the campaign of the (...)

Targoviste Maternity Unit receives EUR 23,000 worth of neonatal medical equipment donation Save the Children Romania and tennis player Sorana Cirstea have endowed the Targoviste Maternity Unit with four vital sign monitors and 12 neonatal infusion pumps worth almost 23,000 euros purchased with the support of the campaigners for the reduction of infant mortality. "Although the (...)

#2019PresidentialElection/ Iohannis: I am counting on votes of USR-PLUS, PMP but also UDMR voters The National Liberal Party (PNL)'s candidate in the presidential elections, Klaus Iohannis, the incumbent president, has stated on Friday that in the second round of the presidential elections he is counting on the votes of the PNL, Save Romania Union - Freedom, Unity and Solidarity (...)

Decathlon Opens Store In Targoviste; Reaches 27 Units In Romania Sporting goods retailer Decathlon on Friday said it has inaugurated its first store in Targoviste, reaching a total 27 units in Romania.

Romanian Auto Market Grows 9.3% YoY In January-October 2019 New vehicle sales in Romania grew 9.3% on the year in January-October 2019, to 167,401 units, data from the Automotive Manufacturers and Importers Association (APIA) showed Friday.

Eurostat: Romania Posts Highest Annual Inflation Rate In The EU In October 2019 Romania registered the highest annual inflation rate in the European Union, of 3.2%, in October 2019, being followed by Hungary (3%) and Slovakia (2.9%), respectively, according to Eurostat, the statistical office of the European (...)

Court voids IOR Park land retrocession act The Bucharest Court of Appeal has admitted the nullity of the retrocession of 12 hectares of the Bucharest Sector 3 IOR Park, Sector mayor Robert Negoita said on Friday in a press briefing delivered right near the respective plot. "It is a great day for all District 3 residents and, I (...) : all romanian news. Copyright © DIRECTWAY | News RSS |