The macroeconomic confidence indicator of the CFA Romania Association dropped to 36.5 points. The financial analysts estimate an economic growth of 2.9% and inflation of 9.5% over the next year. ‘The macroeconomic confidence indicator of the CFA Romania Association dropped to 36.5 points. This situation is due to the drop, of over ten points of the components of current conditions. The anticipated rate of inflation for the horizon of 12 months continued to grow, getting to an average value of 9.50% as the answers were offered previously to the publication of the inflation rate for May’ the association says. As regards the exchange rate euro/leu, 88% of the participants anticipate a depreciation of the leu for the next 12 months ( as compared to the present value)not being registered any opinion of appreciation. Thus the average value of anticipations for the horizon of 6 months is 5.0298 lei for one euro, while the horizon of 12 months has the average value of the anticipated exchange rate 5.1125 lei/euro. “Amid the risk aversion triggered by Russia’s invasion of Ukraine, as well as high inflation, the anticipation component of the CFA Romania Association’s macroeconomic confidence indicator continued its decline in May, reaching values similar to those reached at the beginning of the corona pandemic. Inflation expectations continued to rise, with the expected inflation rate reaching a new historic high in the survey. Regarding the evolution of interest rates, the participants in the survey anticipate the increase of the monetary policy interest rate by the national Bank to at least 6% in the next 12 months,” says Adrian Codirlasu, CFA, vice president of CFA Romania Association. The deficit of the anticipated state budget for 2022 : the average value of anticipations has increased to 6.5%. The evolution, in real terms of GDP for 2022 has increased at 2.9%. ‘It is remarkable the reduction of the share of interviewees who think that the price of real estate properties in the big cities will increase over the next 12 months (8% the lowest level since September 2020), at the same time with the increase of the share of interviewees who consider that price will drop (56%, the highest share since the survey). At the same time, 72% of the interviewees in the survey consider the prices of residential properties in the main cities as being over evaluated.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
