This paper presents Romania’s First Review Under the Stand-By Arrangement and a Request for Waiver and Modification of Performance Criteria. Output growth remains favorable and disinflation is proceeding. The current account deficit is in line with the program’s target, and the balance of...

Romania is on track to become 'fit for 55'-reducing its absolute emissions by 55 percent (relative to 1990) by 2030, consistent with the European Green Deal. However, becoming carbon-neutral by 2050 in an economically resilient and competitive manner would require an accelerated decarbonization...

Labor force particiaption (LFP) in Romania is-at 66.8 percent in 2022-significantly lower than the EU average, especially among women and less educated people. With a declining working-age population, rasing LFP could yield signifcant benefits including by boosting long-term growth, mitigating...

This Selected Issues paper analyzes the reasons for Romania's low labor force participation (LFP), and outlines policy options to raise it. It provides an overview over Romania's demographic challenges, analyzes LFP across demographic groups, and identifies possible causes. The paper also...

This 2023 Article IV Consultation discusses that Romania has weathered the economic shocks from the pandemic, Russia's war in Ukraine, and the resulting surges in energy and food prices relatively well. Growth is expected to recover modestly in 2024, and to return to its potential rate in the...

Analysis conducted on the three generations (Z, Y and X) highlights some very interesting aspects that help us better understand how generations X, Y and Z consumers perceive social media as a means of communication and information. [...]the Internet is a valuable source of information for all...

As public institutions are faced with more diverse and increased community needs, significant concern arises (both in academia and practice) for the dwindling resources available at the local level and the factors which can influence local revenue mobilization. Using data for 3,227 Romanian...