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 2023 2.5%
Current EBRD forecast for Romania’s Real GDP Growth in 2024 3.5%
GDP growth in Romania reached 4.7 per cent in 2022, driven by vigorous investment which increased by 8.0 per cent, contributing almost 25 per cent to the overall value added. Household consumption was also robust, growing by 4.3 per cent, despite high inflation, which peaked in November 2022, at 14.6 per cent year-on-year (HICP measure), and dropped to 12.2 per cent in March 2023. At the same time, its core component reached 8.4 per cent, above the EU average of 6.6 per cent but lower than in many central European economies. GDP growth is expected at 2.5 per cent in 2023, rising to 3.5 per cent in 2024. Falling inflation, easing financing conditions, an improving external environment and speeder EU funds absorption, including for the national recovery programme, should all underpin strong economic performance next year.