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.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
