“This is a moment for Europe and Romania to unlock sources of growth internally,” EBRD Chief Economist Beata Javorcik on the economic challenges facing Romania

EBRD Chief Economist Beata Javorcik, present in Bucharest on February 5, 2025 to discuss the 2024-2025 Transition Report for Romania, told Romania Insider that the global and regional economic problems, such as high energy prices, economic slowdown in Germany and US tariffs, should create an imperative for change in Europe and Romania.

The European Bank for Reconstruction and Development was established in 1991 to help Central and Eastern European countries transition from communist-era economies. In 2024, it invested EUR 707 million in 44 projects across Romania. 83% of the money went to the private sector, with a particular goal of encouraging Romania’s green transition.