The Macroeconomic Confidence Indicator of CFA Romania Association went up by 0.4 points in November, to 33.7 points. “This situation was due, on one hand by the increase by 2.2 points of the current condition aspect, and on the other hand, the drop by 0.5 points of the anticipation aspect. The anticipated inflation rate for 12 months went up to an average value of 10.68%. “Inflation anticipations returned to the growing trend, showing a two figure inflation for 2023. The drop of the purchase power due to inflation will influence consumption next year. In these conditions, 2023 economic growth anticipations dropped to a value of 1.3%”, says Adrian Codirlasu, CFA – vicepresident of the CFA Romania Association. As for the euro/leu exchange rate, over 90% of participants anticipate a depreciation of the leu in the nexy 12 months (compared to the present value). Thus, the average anticipation value for 6 months is 5.0279 lei for 1 euro, while for 12 months the average value is 5.1021 lei for one euro. The state budget deficit anticipated for 2022: the average anticipation value dropped to 6.6% and for 2023the estimated value is 6.2%. For 2023 the anticipate GDP increase is 1.3%. The public debt in GDP grows to 56% in the next 12 months.
Romania has reached a purchasing power per capita of EUR 11,105, approximately 45% below the European average – a figure that places the country in 31st place in the European top, according to the "NIQ Purchasing Power Europe 2025" study. Compared to 2024, Romania moved up one position in the NIQ ranking. Comparatively, at a […]
Ionuț Costea, former head of EximBank, and Sebastian Vlădescu, former finance minister, were released on November 5 following an extraordinary prescription procedure, according to a statement from Romania's High Court of Cassation and Justice (ICCJ). The two had been sentenced in 2023 to six and seven years in prison, respectively, for taking a EUR 5.5 […]
Prime minister Ilie Bolojan, who also serves as president of the Liberal Party (PNL), stated on November 4 that, at the meeting of the party's National Political Bureau the same day, support was renewed for resolving the issue related to special (magistrates') pensions this month, but also for the reform in public administration, according to
Knauf Insulation Romania, the local subsidiary of a division of the German group Knauf, has officially inaugurated its new glass mineral wool factory in Târnăveni, Mureș County, after an investment of EUR 140 million, for which the company also received EUR 18 million in state aid. "Our factory in Târnăveni, equipped with state-of-the-art technology, has […]
Corden BioChem, an expert in industrial biotechnology, could resume production at the bioethanol factory it took over from Swiss Clariant in southern Romania (or "Lesser Wallachia" as indicated by the company) at Podari, after the Competition Council authorised the takeover of the steam and electricity supplier. The company announced on its website that the Podari […]
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
