Romania's economy has fallen short of expectations, note Colliers consultants, who initially predicted a promising local economic scenario for 2024 that failed to materialize.
The annual inflation rate in October 2024 compared to October 2023 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) was 5%.
The central bank decided to lower the key interest rate twice this year, in July, from 7% per annum to 6.75% per annum, and in August to 6.5% per annum.
Significant disparities in tax rates and competitiveness indicators across the CEE region.
More than half of the respondents (57%) believe that it is very likely that our country will face an economic crisis in 2024.
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
Inflation is expected to miss the target in 2024-2025, with the NBR cutting rates to 6% in 2024 and 4.5% in 2025.
Both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.
In 2024, Romania's economy is expected to continue its growth trend, but at a more moderate pace.
Without measures to support consumption, Romania risks losing its most important engine of economic growth.
The annual inflation rate dropped in February 2024 to 7.23%, from 7.41% in January.
Dairy giant Royal FrieslandCampina has reached an agreement to sell its Romanian operations, including the Napolact brand and production facilities in Cluj-Napoca.
OMV Petrom registered a net profit of RON 2.08 billion (€419.7 million) in H1 2025, a 21% decrease compared to RON 2.62 billion (€528.2 million) in the same period last year.
Diehl Aviation, a leading aviation industry supplier, has begun construction on a new production facility in Craiova, in response to increasing demand in the aviation sector.
Orange Romania recorded a consolidated turnover of €684 million in H1 2025, a 2.1% decrease compared to the same period last year.
Citi Romania has implemented three GenAI tools for its employees, as part of a significant global investment designed to simplify workflows and streamline daily tasks.