The EBRD in Romania

Aerial view of central Bucharest, Romania

The EBRD has been investing in Romania since 1991

In Romania, we focus on financing green investments in infrastructure, with a focus on the energy sector; boosting corporate productivity and resilience, including through innovation, greater integration and enhanced human capital; and further developing the financial sector and capital markets.

A Romanian success story: Craiova was the first city in Romania to join the EBRD Green Cities programme in 2019.

607

Number of projects to date

€12,909m

Cumulative EBRD investment

€11,594m

Cumulative disbursements and issued guarantees

87%

Private sector share of portfolio

217

Number of active portfolio operations

€3,659m

Current portfolio of projects

€2,538m

Operating assets

12%

Equity share of portfolio

28 March 1991

Joined the EBRD

163,430

Capital subscription (€000)

EBRD Governor: Alexandru Nazare
EBRD Alternate Governor: Mugur Isărescu
EBRD Board Director, Türkiye: Deniz Yilmaz
EBRD Board Alternate Director: Lucian Isar

EBRD Shareholders information

Focus areas

Promoting green investment

We promote green investment in infrastructure, with a focus on the energy sector and regional development

Boosting productivity

The Bank works to boost productivity by helping private companies to expand and improve the skills of their workforce.

Supporting financial intermediation

The EBRD is supporting financial intemediation and the further development of capital markets.

As well as being a country where the EBRD invests, Romania is an EBRD donor. At the time of its accession to the European Union (EU), Romania made available €18 million from the state budget and EU pre-accession funds to support access to finance for 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.

-0.2%

EBRD forecast for Romania’s real GDP growth in 2026

1.8%

EBRD forecast for Romania’s real GDP growth in 2027

After a steep decline in economic output in the last quarter of 2025, real GDP contracted by 0.8 per cent year on year in the first half of 2026, owing to a 4.6 per cent decline in manufacturing output, a contraction in services and falling retail sales. In contrast, construction expanded, boosted by EU-funded infrastructure projects. While external imbalances have started to moderate, Romania’s current account deficit remains among the largest in the EU. HICP inflation picked up to 9.7 per cent in May 2026, then decelerated to 6.3 per cent in August 2026, but it remained at the highest level in the EU.

The depreciation of the currency against the euro, coupled with higher energy prices, could prolong inflationary pressures. After narrowing to 7.9 per cent of GDP in 2025, the general government deficit was 37 per cent lower in nominal terms in January-July than in the corresponding period in 2025, with the full-year deficit target of 6.2 per cent of GDP looking achievable. Assuming a gradual recovery in household demand and the finalisation of EU-funded investments, along with a mild recovery in exports linked to partially restored cost competitiveness, GDP growth could return in the second half of the year. The economy is expected to shrink by an average of 0.2 per cent in 2026 then grow by 1.8 per cent in 2027, notwithstanding a likely decline in public investment. Downside risks persist, linked to fiscal policy uncertainty, energy price shocks and weak foreign demand.

Romania strategy

PDF format / 0.91 MB

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Romania strategy (Romanian)

PDF format / 1.62 MB

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Report on public comments

PDF format / 0.21 MB

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Romania country diagnostic

PDF format / 1.18 MB

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Contact the EBRD in Romania

Head of Office: Victoria Zinchuk

Address:

EBRD Bucharest Resident Office, Metropolis Center, 56-60, Iancu de Hunedoara Bd., 3rd floor, West Wing, Sector 1, Bucharest, Romania

Telephone:

+40 21 202 7100

Email:

BucharestRO@ebrd.com

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The EBRD in Romania

A Romanian success story: Craiova was the first city in Romania to join the EBRD Green Cities programme in 2019.