2022 was surprising in many ways and 2023 promises to bring more of the same in terms of uncertainties, though new challenges and opportunities are shaping up on the horizon. Geopolitical issues boiled over last year and we have yet to see the full impact that these will have on the global economy, let alone Romania. The same goes for wide-ranging effects of monetary policy tightening in major Western economies.
That said, confidence in Romania’s longer-term prospects remains intact, as evidenced by foreign direct investments hitting an all-time high in nominal terms; coupled with upcoming hefty public/EU investments in vital infrastructure projects, irrespective of how 2023 may turn out to be (though we remain cautiously optimistic about this year as well), the decade sounds very rosy for Romania.
We hope you find this an interesting read!
