CFA Romania analysts have lowered their estimate for this year's economic growth to 3 percent, down half a percentage point from their previous forecasts, while their inflationary expectations have continued to rise amid Russia's invasion of Ukraine, shows a statement issued on Tuesday by Romania's chartered financial analysts association.The average inflation rate for 2022 is seen at 8.03 percent, a record high ever since the CFA Romania survey began, while the budget deficit is expected to reach 6.7 percent.As regards the euro to RON exchange rate, the participants unanimously anticipate a depreciation of the national currency in the next 12 months, the average projection over a 6-month horizon standing at 5.0402 RON for one euro, and that over a 12-month horizon being 5.082 RON for one euro."Against the background of the risk aversion triggered by Russia's invasion of Ukraine, CFA Romania's Macroeconomic Confidence Indicator continued to decline in March. A consequence of this increased risk aversion is the reduction of economic growth expectations, which have been cut by yet another half a percentage point from the previous issue [in March 2022]. At the same time, inflationary projections have continued to rise. As regards the evolution of interest rates, the survey participants expect the National Bank to hike the key interest rate to at least 4.25 percent in the next 12 months," said vice-president of the CFA Romania Association Adrian Codirlasu.The share of respondents who believe that residential real estate prices in major cities will rise in the next 12 months dropped to 13.6 percent, the lowest level since November 2020, while 40.9 percent of the respondents see them going down, the highest share since November 2020.CFA Romania's Macroeconomic Confidence Indicator decreased to 40.9 points due to the evolution of its projection component.CFA Romania is the association of Romanian investment professionals who hold the certification of Chartered Financial Analyst (CFAŽ), a credential granted by the US-based CFA Institute. The association currently has over 250 members.
Romania achieved the best result in its history at the 37th edition of the International Olympiad in Informatics 2025. The four students representing the country each secured a gold medal. The olympiad took place in Sucre, Bolivia, and brought together participants from over 90 countries to compete in computer science. Romania’s golden team consisted of […]
Romania has the third-highest electricity spot price in the EU from the beginning of the year to date, maintaining the position it held last year, according to data analyzed by Profit.ro. The average daily price of electricity traded on the day-ahead market operated by OPCOM (equivalent...
With AI's promise to elevate efficiency and access to knowledge comes the prospect of increased inequality for those who cannot access it. Against the backdrop of the many challenges AI poses, it is important to examine our truth bubbles, identities, and modes of organizing, behavioral scientist Tamás Dávid-Barrett argues. Tamás Dávid-Barrett, who trained as both […]
Home prices continue to rise rapidly in most major cities across Europe and globally, including Romania. Bucharest and other large cities are nearing the critical threshold of inaccessibility for residents with average incomes, according to an analysis by the Social Monitor, a project of Friedrich-Ebert-Stiftung Romania, based on data from Numbeo and Eurostat. In the […]
Representatives of Romania’s main education trade union federations protested on August 4 for the fourth consecutive day in front of the Ministry of Education and Research, opposing austerity measures introduced under Law 141/2025, which came into force on August 1,
The Declic Community has submitted a petition signed by roughly 90,000 Romanians to the Presidential Administration, calling on president Nicușor Dan to initiate a national referendum on the reform of special pensions. The civic group is demanding that all pensions follow the contributory principle and that the retirement age be the same for all professions, […]
