The EBRD in Romania

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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.

566

Number of projects to date

€11,712m

Cumulative EBRD investment

€10,441m

Cumulative disbursements

84%

Private sector share of portfolio

205

Number of active portfolio operations

€3,112m

Current portfolio of projects

€2,435m

Operating assets

10%

Equity share of portfolio

28 March 1991

Joined the EBRD

163,430

Capital subscription (€000)

EBRD Governor: Barna Tánczos
EBRD Alternate Governor: Mugur Isărescu
EBRD Board Director, Türkiye: Yasemin Girici
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.

1.6%

EBRD forecast for Romania’s real GDP growth in 2025

2.4%

EBRD forecast for Romania’s real GDP growth in 2026

Economic growth slowed significantly to 0.8 per cent in 2024. While private consumption grew strongly on the back of real wage growth of 8 per cent, it led to a significant widening of the trade deficit. Consumption showed signs of moderation in early 2025. Investment decelerated significantly, especially in the last quarter, as EU funds absorption slowed. On the supply side, the slowdown was broad-based, with industry, services and construction experiencing notable decelerations, while agriculture was heavily affected by drought. The fiscal position remains challenging and the planned fiscal consolidation this year will likely require additional measures due to the worse-than-expected outturn in 2024. Despite a slight moderation, inflation remains elevated at close to 5 per cent, necessitating a tight monetary policy by the central bank.

Romania’s economy has limited exposure to the US economy, but it has a considerable level of integration in automotive global supply chains, which is a vulnerability. In light of decelerating consumption and the difficult fiscal position, the 2025 real GDP growth forecast is revised down to 1.6 per cent. In 2026, growth is forecast to return towards its potential level, at 2.4 per cent, assuming an acceleration of EU funds absorption.

Romania strategy and snapshot

Romania strategy

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Local language translation

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Report on public comments

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Romania country diagnostic

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Romania country snapshot

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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

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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.