BNR Highlights Key Economic Challenges for Romania

BNR Highlights Key Economic Challenges for Romania

Romania

The National Bank of Romania (BNR) is closely monitoring the timely attraction and use of European funds, which are crucial for major investments in the economy, said Cosmin Marinescu, BNR's Deputy Governor, during the 'Economic Trends 2025' conference on Monday. He emphasized the importance of addressing the challenges of balancing green energy objectives with energy and economic security, CE Report quotes Agerpres

Marinescu noted that while Romania faces multiple risks—both internal and external—the absorption of European funds remains a key priority. Delays in this process could hinder the expected positive impact on the economy. He also discussed the country's economic outlook, including a decrease in inflation to 3.8% by 2025, despite ongoing uncertainties.

Romania's economic growth for 2024 was below expectations, at just 0.9%, with budget and current account deficits posing significant challenges. However, recent fiscal measures and administrative reforms show the government's commitment to restoring economic stability.

Tags

Related articles

Romania's OECD Accession: A Key Development Milestone
Romania’s accession to the Organisation for Economic Co-operation and Development (OECD), alongside full integration into Schengen and completion of the National Recovery and Resilience Plan (PNRR), is a pivotal moment for the country's modernization, Prime Minister Marcel Ciolacu stated at the Cotroceni Palace on Wednesday.
Iliescu and Roman to Stand Trial for 1990 Mineriad
Former president Ion Iliescu and former prime minister Petre Roman have been sent to trial by the General Prosecutor's Office over their involvement in the June 1990 Mineriad, a violent miners' riot, on charges of crimes against humanity.
US Trade Measures May Impact Romania’s Economy
Price hikes and potential punitive measures from the US may affect Romania, particularly industries tied to the American market, according to Alex Milcev, leader of EY Romania’s Tax and Legal Department.
MEPs Approve Romascanu for European Court of Auditors
The European Parliament has approved Lucian Romascanu’s nomination to the European Court of Auditors (ECA) with 437 votes in favor, 128 against, and 92 abstentions.
Romanian Air Force Begins Baltic Mission
The Romanian Air Force has launched a new Enhanced Air Policing mission in Baltic airspace as part of NATO's collective security efforts, the National Defence Ministry announced on Monday.
PEFA to Launch Women's Entrepreneurship Index in Romania
The European Business Women's Confederation (PEFA) will debut the Women's Entrepreneurship Index in Romania on May 20 at the Government, in partnership with the Department for Sustainable Development.
Rafinor to Supply 10 Million Euros in Gold to Magnor
Rafinor, Romania's only gold refinery, has announced a strategic partnership with Magnor, a holding company with Romanian shareholders, to deliver 10 million euros worth of investment gold bars in 2025.
Cristian Wins First WTA Title in Puerto Vallarta
Romanian tennis player Jaqueline Cristian claimed her first WTA 125 title in Puerto Vallarta, Mexico, on Sunday, defeating Czech Linda Fruhvirtova 7-5, 6-4 in the final.
Oltenia's UNESCO Geopark Bid Continues
British journalist and film producer Charley Ottley continues to support the "Oltenia de sub Munte" region's bid to become a UNESCO Geopark, despite opposition from some local mayors.
Romania Unveils CORVUS Satellite
Romania's new CORVUS satellite, designed to detect and localize radio interference on its territory, was presented on Friday.
PNRR Implementation Tops Government’s Agenda
Prime Minister Marcel Ciolacu emphasized that the government’s main focus is the implementation of the National Recovery and Resilience Plan (PNRR), while future priorities include reorganizing the administrative-territorial structure and reforming the budgetary system.
Hagi's Autobiography: A Journey to Success
Gheorghe Hagi, former national football team captain and coach, launched his autobiography, My Path, at the Bucharest University of Economic Studies on Wednesday evening.