Analysts surveyed by Economica.net reveal expectations for an interest rate hike at the monetary board of the National Bank of Romania (BNR), possibly of 50 bp to 2.25%, perhaps accompanied by further widening of the interest rate corridor that would push up further the Lombard interest rate. "We expect the National Bank of Romania to increase the key interest rate from 1.75% to 2.25%. We also anticipate the widening of the corridor formed by the interest rates of permanent facilities around the monetary policy interest rate to +/- 1.00 pp, from +/- 0.75 pp now," said Valentin Tataru, chief economist of ING Bank. Adrian Codarlasu, vice president of CFA Romania Association, believes that Poland hiking the rate by 50 bp this week to 2.25% sets grounds for an increase in Romania's monetary policy interest rate by 0.5% as well, compared to the initial expectations for 0.25 bp hike expressed by the Association. He also warned that the headline inflation might hit 10% YoY in May-June, judging from the factory-gate inflation of 32% (in November) recently announced. Ionut Dumitru, Raiffeisen Bank's chief economist, points out that Raiffeisen Bank's forecast envisages a policy interest rate of up to 2.5% by mid-2022 and 3% by the end of 2022. "We expect the BNR to catch up with colleagues in Central and Eastern Europe and offer a key rate hike of 50 bp to 2.25% at the next January 10 interest rate meeting. The excess liquidity after high public spending at the end of the year should support such a decision. The BNR should remain a net debtor to the banking system for the next two months," he explained.
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
