The European Commission is launching two projects to provide expertise to Romanian regions and cities, in cooperation with the Romanian government and the World Bank according to the press release dated August 8th.
Continuă lectura „Investments in sustainable urban development”
Real GDP growth is projected to remain strong, on the back of fiscal easing and wage increases. Unemployment fell significantly in 2016 and is expected to remain at a low level in 2017 and 2018. With a positive output gap, inflation is set to pick up. The budget deficit is projected to continue increasing due to tax cuts and higher public spending. The draft unified wage law poses a significant downward risk to the fiscal forecast.
Continuă lectura „European Commission: May Economic Forecast for Romania”
