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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

Current EBRD forecast for Romania’s Real GDP Growth in 2022 2.5%

Current EBRD forecast for Romania’s Real GDP Growth in 2023 3.0%

After a rebound of 5.9 per cent GDP growth in 2021, which was mainly driven by strong private consumption, the rate of growth will slow down significantly in 2022. The economy entered 2022 on a weak footing, as GDP declined in the last quarter of 2021 by 0.1 per cent quarter-onquarter due to a fall in investment and slowing inventory build-up. Accelerating inflation from the second half of 2021 has already put pressure on consumers and firms. While real net wages have temporarily recovered in early 2022 and the
removal of Covid-19 restrictions has improved confidence, the war on Ukraine has brought an additional layer of inflationary and supply chain difficulties.

Romania in the EBRD’s 2022-23 Transition Report

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