Sorin Grindeanu Foto: Inquam Photos / Octav Ganea
According to Grindeanu, the situation in the economy is becoming more and more alarming. He drew attention to the fact that the economy is in recession for the third quarter in a row, as well as to the growing number of bankruptcies, company closures and rising unemployment.
“If a new decline in GDP follows, we will no longer be talking about a technical recession – we will be talking about an economic crisis,” Sorin Grindeanu said for Antena 3 CNN România.
He cited several key data that suggest a pre-crisis state of the Romanian economy:
– The unemployment rate has risen to 6.3%;
– almost 1,900 companies have entered insolvency proceedings;
– more than 5,500 firms suspended operations in the first quarter of 2026.
An alarming signal for the region
The economic slowdown in Romania may affect not only the country’s domestic market, but also neighboring economies, including Moldova. Romania remains one of the country’s largest trading partners and an important source of investments, logistics and infrastructure projects.
Additional pressure on the economy is created by a high budget deficit, political instability and the need to fulfill obligations to the European Union on fiscal consolidation.
Against this background, the Romanian authorities are trying to maintain large-scale public investments and financing of infrastructure projects from European funds.
