Iași ranks third among European cities with the highest economic growth over the past decades, tied with Wroclaw (Poland). The ranking, led by Dublin and Valletta, was compiled by the research company Oxford Economics.
Growth Driven by IT and the Real Estate Market
Read also: Hidroelectrica Left Without CEO and CFO to Protect PNRR Funds
Iași’s GDP grew on average by approximately 5.5% per year between 2010 and 2025. However, during the 2020–2025 period, marked by the pandemic, war at the border, and record inflation, the pace slowed to below 5%, according to the same source.
“Being a major university center has influenced its development. The city attracted investors who came both for the expertise of the local workforce and for lower labor costs. The local economy also benefited from the real estate market, which has grown steadily in recent years,” says Oxford Economics. Almost half of the city’s growth comes from the IT&C sector.
Oxford Economics’ analysis shows that, among the top 20 fastest-growing cities, most are located in Central and Eastern Europe. Romania is represented by Iași (3rd place) and Bucharest (10th place), while Poland has 10 cities in the ranking.
Photo: pixabay.com
