Seeing the Romanian economy through the eyes of an international economist. Roger Kelly, lead economist for Romania, Bulgaria and Turkey at the European Bank for Reconstruction and Development (EBRD) is among the key speakers of Country Focus Community Forum, the 2-day event organized by Business Review magazine between June 13-14.
The EBRD is one of the strongest international backers of the Romanian economy and this has been seen in the level of financing granted by the bank.
The EBRD has financed 392 projects in Romania with a combined investment of EUR 7.4 billion. More than half of the lender’s portfolio is in the private sector. The lender’s current portfolio of projects amounts to EUR 1.49 billion.
The lender has recently upgraded its economic growth forecast for Romania to 4 percent for 2017, up from the 3.7 percent level it was forecasting in November last year. In 2018, the EBRD forecasts that the Romanian economy will slow down to 3.5 percent.
Romania’s economic outlook will be among the main topics of the Country Focus Community Forum, which will be attended by high-level executives, entrepreneurs, officials and investors from the strongest foreign communities in Romania.