Romania's trade deficit hit €24.5 billion in 2025’s first nine months, with declining car output and downgraded credit outlook.

Romania's trade deficit widened to €24.5 billion in the first nine months of 2025, driven by rising imports and exports, while car production declined 2.7% year-on-year. The government raised RON1 billion in bond auctions with yields around 6.8%, and credit rating agencies downgraded the outlook to negative amid fiscal concerns. President Nicușor Dan highlighted potential for Romania to become a defense industry hub, citing German investments like Rheinmetall’s €500 million factory. Meanwhile, UniCredit and BID launched a RON1 billion SME guarantee program, Hidroelectrica secured a €97.9 million contract to upgrade power stations, and RC Legions acquired digital platforms to expand its niche market.