In a March note, Oxford Economics said that central and eastern European countries are among the most exposed to the economic impact of Russia’s invasion of Ukraine, with gross domestic product (GDP) across the region forecasted to drop by an average of 1 percentage point in 2022 and 0.5 in 2023.
In early April, Romanian authorities initiated talks with the European Commission over a comprehensive support package for households and firms, estimated at €3.5bn, with the largest share going towards social measures targeting low-income households, as well as measures aimed at supporting companies hit by the effects of the war.
