The Macroeconomic Confidence Indicator of the CFA Romania Association decreased in March 1.4 points to 51.6 points, a situation that was due to the divergent evolution of the two components of the indicator: the increase of 5.2 points for current conditions and, at the same time, the decrease of 4.7 points for expectations that have a horizon of 12 months.According to a press release from the association, the anticipated inflation rate for the 12-month horizon (April 2025) averaged 5.33%. At the same time, more than 75% of participants anticipate a reduction in the inflation rate over the next 12 months.As regards the EUR/RON exchange rate, around 88% of participants anticipate a depreciation of the leu in the next 12 months and the rest a stagnation. Thus, the average value of expectations for the 6-month horizon is 4.9961 lei for one euro, while for the 12-month horizon, the average value of the anticipated exchange rate is 5.0419 lei for one euro."Although, in the short term, due to the inflow of public money, confidence in the economy is growing, for the 12-month horizon, given the macroeconomic imbalances and high fiscal uncertainty, confidence in the economy has declined," said CFA Romania vice president Adrian Codirlasu.Regarding the evolution of residential property prices in the cities, most of the participants, 44% expect a stability in the next 12 months, while 38% expect an increase in prices. Also, 62% of participants believe that current prices are overpriced, while 38% believe that they are correctly priced.The projected state budget deficit for 2024 is expected (average value of expectations) to be 5.4%, and economic growth is expected to be 2.7%.Public debt, calculated as a percentage of GDP, is expected to increase to 53% in the next 12 months.In the March exercise a survey was also conducted on the evolution of the inflation rate in the coming years as well as on the evolution of the monetary policy interest rate. Thus, 29% of survey participants expect the first interest rate cut in May 2024 and 36% expect the first interest rate cut in July 2024. As for the inflation rate entering the target range (1.5% - 3.5%), 56% of participants anticipate it will happen in 2025, while 25% anticipate that this will happen in 2026.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
