Over 85% of members of the Financial Banking Analysts in Romania (AAFBR) estimate inflation will exceed 8% in 2022, but there is also a moderate to high risk to enter stagflation. AAFBR released a new opinion poll with the specialists' opinion about the impact of the conflict in Ukraine on Romania's economy. 55 AAFBR members answered the questionnaire over March 22- April 8, 2022. “The visibility on economic prospects is lower in the context of the war in Ukraine. However, it is important to watch economic tendencies closely and do this estimating exercise on key macroeconomic aspects, at least on a short term. Therefore, over 85% of AAFBR members consider that inflation will exceed 8% in 2022 and there is a moderate to high risk of going into stagflation. The monetary policy rate is anticipated to grow towards 4% by half of participants in the survey and even towards 5% by a third of participants, considering the need of counteracting high inflation,” says Daniela Ropota, AAFBR president. Inflation reached 10.2% in March 2022, compared to March 2021, this being the highest level since 2004 to the present. The tendency of the EUR/RON exchange rate is rising to an estimated 5 lei for 1 euro in 2022. “In these conditions, economic growth is estimated to slow down significantly this year, reaching 0-2% according to 38% of respondents or even recession in the view of 7%of respondents,” she added. When the survey was made, over 90% of respondents expected a stable or growing tendency of economic sanctions on Russia and there were divided opinions about the process of accelerating obtaining energy from renewable sources in Romania, a more stable tendency on a short term.
The Belgian manufacturer of metal roofing systems Metigla, with a factory in Ceptura, Prahova County, announced a EUR 15 million investment plan in expanding production, automation, and employees. "In 2025, we will consolidate our presence in key markets and gradually expand this model to more European countries. We invest in sustainable products, automation, teams, and […]
Chinese electric vehicle manufacturer BYD officially launched operations in Romania, introducing its full-electric and plug-in hybrid models to the local market, Economica reported on May 8. The move is part of the company’s broader strategy to expand across Europe. BYD’s initial retail presence includes showrooms in...
The local currency kept losing ground on May 9 despite reported interventions by the central bank. The interest rates rose, and the Stock Exchange’s indices resumed the decline on May 9 after a modest gain on the previous day. The development suggests a drain on liquidity from the money market, possibly amid hybrid interventions by […]
Ilie Bolojan, the interim president of Romania, has sent his "warmest congratulations" to Pope Leo XIV in a message posted on X. "Warmest congratulations to His Holiness Pope Leo XIV upon the election to the Chair of Saint Peter. May he have a long reign and guide the faithful all over the world with wisdom […]
Victor Ponta, who served as Romania’s prime minister between 2012 and 2015, announced on Wednesday, May 7, that he is founding a party under the name "Romania First.” The platform will bring together PRO Romania, the party he founded after leaving the center-left Social Democratic Party, with the Romanian Ecologist Party, and other specialists and […]
Romania will receive CHF 10 million in funding for the development of dual education, as part of a second Swiss contribution, the Switzerland - Romania Chamber of Commerce (CCE-R) announced. The funding is part of a program for the development of dual education that aims to support the integration of young people into the labor […]
