Romania managers expect relative stability of the activity of retail trade and services, moderate decrease in the number of employees in manufacturing and construction and price growth across all the areas of economic activity, in line with a survey conducted by the country’s statistics board INS.
The housing market is starting the year with significantly higher prices than 12 months ago, after a 2024 above expectations, with Cluj hitting new highs and Craiova and Brasov marking an annual advance of around 20%, in line with Imobiliare.ro index.
The most pressing risk for Romania in 2025 lies in the continued deterioration of its fiscal situation amid rising global bond yields, which could significantly impact the country’s economic stability and investor confidence.
Romania experienced robust economic growth between 2016 and 2021, resulting in a substantial reduction in poverty; the poverty rate ($6.85/day PPP) dropped by 14.7 percentage points to 7.1 percent, according to a recent World Bank report.
Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point than 5.4% recorded in October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
Premier Energy, one of the largest natural gas suppliers in Romania has successfully finalized the development and construction of a 10 MW photovoltaic power plan close to Cismichioi locality of the Republic of Moldova, at a total cost of around EUR380,000 per MW of capacity.