5.2 C
Bucharest
March 7, 2021
BUSINESS

EBRD maintains Romania economy growth estimates at 2.6 pct in 2014, 2.8 pct in 2015

The European Bank for Reconstruction and Development (EBRD), in a report that examines the effects of the conflict in Ukraine on Central and Eastern Europe released this Thursday, maintained its growth estimates for Romania’s economy at 2.6 percent for 2014 and 2.8 percent for 2015.
According to the EBRD outlook, the average inflation rate in Romania will drop this year to 2.3 percent, compared to 3.2 percent in 2013, while the unemployment rate is expected to reach 7 percent.
According to International Monetary Fund estimates published in April 2014, Romania’s economic growth will be 2.2 percent this year and 2.5 percent in 2015.
At the end of May this year, the National Economic Forecast Commission revised slightly upwardly Romania’s economic growth at 2.5 percent in 2014 and 2.6 percent in 2015, respectively.
The EBRD, which is owned by 64 countries and two intergovernmental institutions, supports the development of market economies and democracy. Since the beginning of its operations, the EBRD has invested about EUR 6.2 billion in over 330 projects in Romania, mobilizing for this purpose more than EUR 12 billion from other sources of financing.

Related posts

Romania restricts imports of milk and dairy from Bulgaria

Nine O' Clock

Eurolines to take over Touristik Union International’s Romanian operations

Nine O' Clock

NEWS IN BRIEF

Test