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.
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
Over 107,000 people in Prahova and Dâmbovița counties, in southern Romania, have been without drinking water since Friday, November 28, due to problems at the Paltinu Dam. According to local authorities, the problems are set to persist until next week. The dam registered a drop in water levels, leading to problems in the water distribution system. […]
A special ‘Silent Day’ event will be held at the Bucharest Christmas Market in Constituției Square on Wednesday, December 3, aimed at creating a quieter and more accessible environment for children with sensory disabilities. The initiative is designed to make the festive market manageable for children who may struggle with loud noise, bright lights, and […]
Romanians have the highest level of trust in others in the European Union, according to the most recent Eurostat data for the year 2024, ahead of the usual leader of the ranking, Finland. The indicator ‘trust in others’ measures a person’s trust in people they do not know on a scale from 0 (‘I...
