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Romania Market Update 2025

Romania has benefitted from a strong economic growth in the last decade, significantly reducing the gap in relation with the European Union average (especially after joining NATO and the EU in 2004 and 2007 respectively).

Moreover, in terms of purchasing power parity, this evolution has been even more impressive, as Romania has seen a growth from a GDP per capita level which represented 52% of the EU average (when adjusting for market prices) in 2011 to 79% in 2024, a level which is now higher than in Hungary, Croatia, Greece or Slovakia.

However, inflation remains high (especially after the elimination of the electricity price caps in July 2025), with a level of 9.9% being recorded in September, an issue which, combined with the ongoing fiscal reform required to decrease the budget deficit, also puts significant pressure on the projected 2025 GDP growth (only 0.6%). The monetary policy rate (6.5%) has not seen any cuts since August 2024 and there is no expectation for further movements until Q1 2026.

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