Romania has the lowest level of financial intermediation in the European Union, whereas Romanian firms have among the highest levels of indebtedness. Understanding this paradox is crucial in assessing the financing of companies. Developing Romania’s economy on sound foundations means concrete and effective paths to support financing

The performance of state-owned enterprises (SOEs) has broad direct implications for the economy through the quality of the services provided, as well as through financial discipline and the manner of implementing corporate governance principles. A poor management of SOEs results in increased costs, inefficiency and

The persistence of external imbalances increases the dependence on foreign capital flows and affects financial sustainability. In Romania, external imbalances have structural causes: demand exceeds domestic output, so we consume more than we produce, and imports outpace exports.

We have launched the second volume of the Economic@NBR project, at the current juncture dominated by multiple uncertainties and challenges, when economic policy decisions require coherence, consistency and rigorous substantiation. The volume brings together the most relevant indicators for Romania’s economic picture,

With or without a lasting ceasefire, the Middle East war is fuelling severe uncertainties, entailing a pick-up in inflation, in tandem with a slowdown of economic activity. Over the short term, the impact on inflation stems directly from higher fuel prices. Yet long-term effects are much more difficult to project, since they hinge both on the