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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
