Economy | 21 October, 2025 at 3:54 PM
Romania registers highest deficit in EU during Q2
Romania recorded the largest general government deficit in the EU during the second quarter of 2025, reaching -8.7% of GDP.
Romania recorded the largest general government deficit in the EU during the second quarter of 2025, reaching -8.7% of GDP.
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 World Bank has revised Romania's GDP growth forecast for 2025 down to just 0.4%, a significant decrease from the 1.3% estimated in June.
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.
Romania's real GDP growth forecast for 2025 has been cut by the European Bank for Reconstruction and Development (EBRD) in a new report.
The Romanian government has set a budget deficit target of 8.4% of GDP for this year, as agreed with representatives from the EC, according to PM Ilie Bolojan.
The IMF projects that Romania's economy will grow by 1% in 2025 and 1.4% in 2026, according to a report released at the end of a mission in the country.
Romania's economy has secured the third-highest GDP growth rate in the EU during Q2, according to Eurostat.
Romania's consolidated general budget execution closed the first seven months of 2025 with a nominal deficit of RON 76.44 billion (€15.34 billion), an increase of RON 5.4 billion.
Romania's GDP recorded an increase in Q2 2025, according to flash estimates from the National Institute of Statistics (INS).
Romania's fiscal package is expected to have a substantial budgetary impact, estimated at 1.1% of GDP this year and 3.5% in 2026, finds an analysis by Fitch Ratings.
Romania is moving closer to achieving fiscal-budgetary rebalancing, according to a recent report by the international rating agency Moody's.
Inflation will increase over the planned fiscal package announced by Romania's Government, which includes the increase of fuel excises.
Romania's budget deficit stood at 3.39% of GDP after the first five months of 2025, a slight decrease compared to 3.41% of GDP in the similar period last year.
The Macroeconomic confidence index, compiled by the CFA Romania Association, registered a significant increase in May 2025, rising by 11.5 points to a value of 44.9 points.
The Romanian economy is projected to grow by 1.3% this year, a decrease from the 2.1% forecast in January, according to the latest World Bank report on global economies.
The European Bank for Reconstruction and Development (EBRD) has cut its 2025 growth forecast for its regions by 0.2 percentage points to 3.0%, with a moderate rebound to 3.4% expected in 2026. This follows a similar downgrade in February and reflects mounting global headwinds, including rising trade policy uncertainty, softening external demand, and newly imposed tariffs.
The EBRD has slightly revised its forecasts for the Romanian economy's growth in 2025 but maintained its predictions for 2026, according to a recent report.
Romania recorded the highest government deficit among EU member states in 2024, standing at -9.3% of GDP.
Private pension funds in Romania accumulated assets worth RON 156.44 billion (€31.1 billion) by the end of December 2024.
The Romanian Parliament voted to dismiss the government led by Prime Minister Ilie Bolojan on Tuesday.
The Romanian leu depreciated on Tuesday against the euro, which was calculated by the National Bank of Romania (BNR) at RON 5.2180 lei, up 0.35%, recording a new historic high.
IT Hit, a Romanian IT services company specialising in ERP, CRM, and business management systems, has announced a reseller partnership with Druid AI, a provider of AI agents for higher education, healthcare, retail, banking, and insurance sectors.
Raiffeisen Bank Romania concluded Q1 2026 with a net profit of RON 367 million (€73.4 million), a decrease of 12.2% versus Q1 2025.
The Romanian leu depreciated on Monday against the euro, which was calculated by the National Bank of Romania (BNR) at RON 5.1998 lei, up 1.1% from the previous rate, recording a new historic high.