Romania overview

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In Romania we focus on:

  • Sustainable infrastructure and regional development;
  • Productivity by helping private companies expand and improve workforce skills;
  • Financial intermediation and further development of capital markets.

As well as being a country where the EBRD works, Romania is also an EBRD donor. At the time of its accession to the European Union, Romania made available €18 million from state budget and EU’s pre-accession funds to support access to finance to local micro enterprises. More recently, Romania became a donor to the Eastern Europe Energy Efficiency and Environment Partnership Fund, contributing €100,000 for projects in Moldova.

The EBRD’s latest Romania strategy was adopted on 23 April 2020

Romania's policy response to the coronavirus crisis

The EBRD is monitoring Romania's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.

Learn more

Current EBRD forecast for Romania’s Real GDP Growth in 2021 7.2%

Current EBRD forecast for Romania’s Real GDP Growth in 2022 4.4%

After falling in 2020 by 3.9 per cent, GDP expanded by 7.0 per cent in the first two quarters of 2021 and by mid-year already exceeded pre-pandemic levels in adjusted terms, but economic risks have lately increased. Domestic demand remained the key driver of growth, with investment expanding at a strong pace of 12 per cent year-on-year in this period. Goods exports already recovered by the end of 2020 and continued expanding in 2021, but momentum is weakening amid supply chain issues.
Imports of goods were almost 10 per cent higher in Q2 2021 than in Q4 2019, reflecting a strong inventory build-up, despite a slowdown in momentum in the last quarters. As such, net exports will return to a negative contribution to growth in 2021. The fiscal deficit will also remain high in 2021 at about 7.1 per cent of GDP (cash-based), as the above expectations revenues performance was matched with a significant increase in expenditures in the latest budget revision.

Romania in the EBRD’s 2021-22 Transition Report

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