Economy
Romania's economy grows 0.8% in first nine months of 2025
Romania's economy grew 0.8% on the gross series and 1.4% on the seasonally adjusted series in the first nine months of 2025 compared to the same period in 2024.
Romanian businesses continue to face financial difficulties, with insolvency cases reaching 985 in November 2025.
Industrial production prices (domestic and external markets) increased by 8% in October 2025 compared to the same period in 2024, according to data published by Romania's National Institute of Statistics (INS).
Romania's consolidated general budget recorded a deficit of €21.8 billion (RON 108.87 billion) in the first ten months of 2025, representing 5.72% of GDP. This marks a decrease of €110 million compared to the same period in 2024, when the deficit stood at 6.22% of GDP.
Romanian business associations have renewed their call for the elimination of the minimum tax on turnover (IMCA) ahead of the 2026 state budget discussions, citing significant negative impacts on investment decisions.
The Macroeconomic Confidence Indicator compiled by CFA Romania Association fell by 7.3 points in October 2025, reflecting continued economic uncertainty in the country.
The EY Entrepreneurship Barometer reveals that 60% of Romanian entrepreneurs plan to invest in innovation, even as 63% consider the business environment unfavourable.
Family business revenues are projected to reach $29 trillion by 2030, reflecting an 84% increase compared to 2020, according to a Deloitte study. These businesses currently account for 19% of all business revenue globally and represent more than 18,000 entities worldwide.
Romania's real GDP growth is forecast to remain low over the next two years, primarily due to the necessary fiscal consolidation measures that will slow consumption.
In 2023, the EU spent €1.72 trillion on healthcare expenditure, equivalent to 10.0% of the EU's gross domestic product, according to Eurostat.
Romania's economy delivered a mild upside surprise in the third quarter, with flash estimates pointing to 1.6% annual growth, above expectations. However, the economy still contracted by 0.2% versus the previous quarter. After nine months of 2025, the economy is 0.8% above the same period of 2024, according to a report by ING Bank Romania.
Romanian inflation eased slightly to 9.8% in October from 9.9% in September, with declining food prices providing some relief while services inflation remained elevated. The National Bank of Romania is expected to maintain current rates until mid-2026.
Nearly half of Romanian managers (41%) anticipate an economic downturn in the country in 2026, driven by a challenging economic and political context.
The tax-to-GDP ratio in Romania remains one of the lowest in the European Union, despite registering an increase in 2024, according to recent data published by Eurostat.
The government has committed to a stable tax environment for the next fiscal year, officially confirming that the VAT will not be increased.
Romania recorded the largest general government deficit in the EU during the second quarter of 2025, reaching -8.7% of GDP.
Romania's private companies are forecasting a slowdown in salary growth for 2026, with an average projected increase of 6%.
Romania's annual inflation rate climbed to 9.88% in September, a marginal increase from the 9.85% recorded in August, according to the latest data from the INS.
Romania's GDP increased by 0.3% on the unadjusted series and 1.5% on the seasonally adjusted series in the first six months of the year, compared to the first half of 2024.
The National Bank of Romania (NBR) has decided to keep its monetary policy rate unchanged at 6.50% per annum, following a meeting of its Board on October 8.
Romania's inflation will finish the year at 9.6%, according to ING Bank Romania economists. This projection comes as the country's inflation is expected...
KPMG in Romania has announced a series of key leadership appointments, effective from October 2025.
Foreign direct investment (FDI) in Romania experienced a notable reduction in 2024, according to data compiled by the National Bank of Romania (BNR) and INS.
The European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Romania, which will guide its investments and policy engagement.
Romania's consolidated budget deficit has widened to 4.54% of GDP after the first eight months of 2025, an increase from the 4.04% reported in July 2025.
Food Angels Hub, Romania's first investment community dedicated to the food sector, has launched with a mission to develop and scale companies operating in food production.
Romania's economy grew 0.8% on the gross series and 1.4% on the seasonally adjusted series in the first nine months of 2025 compared to the same period in 2024.
Vastint Romania has announced the opening of Saint Roastery Botanica urban café in Business Garden Bucharest.
Nearly half of Romanians would invest in battery storage systems for green energy if they received government subsidies, according to a study conducted for despre-energie.ro, a project by E.ON and Delgaz Grid companies.
Despite 68% of Romanians claiming familiarity with sustainability, only a quarter consistently use it in daily decisions.