CFA Romania analysts anticipate a budget deficit of 7.3% of GDP in 2021 and an inflation rate of 5.8% for the 12-month horizon, according to a press release from the organization.Thus, the average value of the anticipations for the deficit of the state budget anticipated for 2021 is 7.3%. The average value of expectations in real terms of GDP in 2021 is +6.6%, and for 2022 it stands at 3.9%. The public debt (percentage of GDP) will reach, in a 12-month horizon, about 54.1%.The anticipated inflation rate for the 12-month horizon averaged 5.8%. As to the euro / leu exchange rate, over 91% of the survey participants predict a depreciation of the leu in the next 12 months (compared to the current value). Thus, the average value of the anticipations for the 6-month horizon is 5.0517 lei, while for the 12-month horizon the average value of the forecast exchange rate is 5.1145 lei for one euro. Also, the lowest estimated euro / leu exchange rate for a 12-month horizon is 4.9600.The CFA Romania Macroeconomic Confidence Indicator decreased to 56.6 points (compared to the same month of the previous year, the indicator increased by 12.1 points). This situation was due to the divergent evolution of the two components of the indicator."In the context of the substantial rise in the inflation rate, inflationary expectations for the 12-month horizon continued to go up. In line with this trend, anticipations of higher interest rates on the monetary market rose, these indicating monetary policy interest at least three times higher in the next 12 months," said Adrian Codirlasu, vice-president of the CFA Romania Association.Also, the majority of survey participants, 75%, anticipate that the economic impact of coronavirus will last at least until the fourth quarter of 2022.
Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. The vote in Diaspora started on Friday morning, and by Saturday evening (at 19:00), over 609,000 Romanians had already cast their votes. The turnout is almost 90% higher than the one recorded at the same time in the first […]
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
Modernization work is ready to start at Bucharest’s Henri Coandă International Airport, also known as the Otopeni Airport, following an investment of over RON 112.4 million (some EUR 22 million) led by the National Company Bucharest Airports (CNAB), news agency Agerpres reported. The company...
Paris Hilton, who will be present at IntenCity Craiova, a festival organized this summer between June 26–29, sent a message to her fans in Romania. "I'm excited to perform at the IntenCity Festival on June 28. It's going to be so much fun! See you there," Paris Hilton told those who will come to Craiova. […]
AMAIS (Association for Alternative Methods of Social Integration) has officially launched the SeeYou mobile app, an innovative platform that connects visually impaired individuals with volunteer guides who can accompany them during everyday activities - from medical appointments or shopping to park strolls or cultural events. SeeYou is the first mobile app of its kind in […]
SAI Broker, a Romanian investment management company part of BRK Financial Group, listed a new ETF on the Regulated Market of the Bucharest Stock Exchange (BVB) on May 16, under the stock symbol BKBETETF. The ETF aims to fully replicate the structure of the main index, BET. The BET index reflects the evolution of the […]
