economic recovery

Romanian finance minister Florin Citu said Tuesday the government was operating within a scenario that sees the country's economy heading for a V-shaped recovery, returning to growth starting the second half of this year.

Romania's president Klaus Iohannis has said on Thursday he will support the creation of an economic recovery fund in the European Union that could benefit all member states. The president added that the support offered by the EU so far to Romania reaches 1,5 billion euros.

Romanian economic recovery remains “two-speed and bumpy”, with industrial output boosted by external demand, while domestic recovery lags behind, a survey from Capital Economics showed.