The Macroeconomic Confidence Indicator produced by the CFA Romania Association fell slightly in September, by 0.5 points, to 47.4 points.According to a press release issued by CFR Romania on Thursday, this situation was the effect of the decrease in the current conditions component. The anticipated inflation rate for the 12-month horizon decreased compared to the previous year and stood at an average of 6.86 percent."The slowdown in economic growth and the new tax measures were also reflected in the current conditions component of the confidence indicator, which fell by 6.6 points from the previous year. Also, the conduct of fiscal policy was reflected in the budget deficit expectations for the current year, with the anticipated deficit for this year recording the highest value since the beginning of the year," said Adrian Codirlasu, Vice President of CFA Romania.As for the exchange rate EURO (EUR) to Romanian leu (RON), over 84 percent of the participants anticipate a depreciation of the RON in the next 12 months. No opinion envisaging its appreciation was registered. Thus, the average value of expectations for the 6-month horizon is 5.0169 RON for one EUR, while for the 12-month horizon the average value of the anticipated exchange rate is 5.0607 RON for one EUR.As regards the evolution of residential property prices in the cities, 53 percent of the participants anticipate a decrease in prices, while 42 percent say that the prices of residential property will decrease in the next 12 months.Also, 73 percent of participants believe that current prices are overpriced and 21 percent that they are correctly priced.According to the cited source, the average value of the state budget deficit expectations for this year is 5.8 percent. For the year 2023, the anticipated value of real GDP growth is 2.2 percent.Public debt as a percentage of GDP is expected to increase to 54 percent in the next 12 months.
The Learning Tapestry. The Future of Education Conference, which will take place on 5 and 6 June in Bucharest is a learning opportunity for entrepreneurs and leaders who understand the importance of developing essential skills today, in today's fast-paced and highly dynamic environment, such as systems thinking, adopting an empathetic leadership style, building and developing […]
If you are in Sibiu until Sunday, drop by at ESTE FILM Festival, celebrating its 8th edition. The competition, featuring Romanian short films, is accompanied by a special programme dedicated to Mexican cinema, more precisely Mexico City, and what must be the loveliest mix of recent films, with Bas Devos’ tender Here (easily my favourite […]
The Social Democrat Party (PSD), part of the governing coalition with the National Liberal Party (PNL), has attracted most of the mayors that decided to change parties before this year’s local elections, a report by think-tank Expert Forum shows. The PSD attracted 279 candidates, most of them from PNL (174) and the People's Movement Party […]
Romanian actor Ioachim Ciobanu stars in the newly released Netflix miniseries "Eric," with Benedict Cumberbatch in the lead role. The show premiered on May 30. Ioachim studied computer arts in San Francisco and then film editing at UNATC "I.L. Caragiale," directing numerous short films and commercials. Since 2013, he has dedicated himself exclusively to acting, […]
AfterLand, an exhibition opening on June 4 at Rezidenta9 in Bucharest, brings together works by an international group of artists working at the intersection between art, science, and nature. Each of them has a particular affinity with water, approaching it from different angles as varied as the symbolic values of the element itself, according to […]
This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]
