The economy of Nord Vest, Romania is steadily converging with the European Union (EU) average, supported by unique assets including leading universities, a diverse industrial base, an emerging information technology sector, a strategic geographic position and significant natural capital. Nevertheless, the region has experienced population decline, with its population decreasing by 1.8% between 2014 and 2024 - a trend expected to continue, albeit at a slower pace than the national average. It has also faced outmigration (especially of youth), with around 4 500 more people leaving the region every year than arriving. In the face of demographic change, the region will need to implement fit-for-purpose policies and investments to retain youth and sustain long-term development. This report provides a comprehensive analysis and concrete recommendations for national, regional and local authorities. It outlines how the region can better adapt land use, housing, governance structures, public finances, investment and public service provision to a changing population. The report was developed under Pillar 2 of the European Commission's Talent Booster Mechanism, an initiative that supports regions in training, retaining and attracting people with the necessary skills and competences to mitigate the impact of demographic transition.
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