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 third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
