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.
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
City Grill Group closes 2025 with €3 million in investments directed toward restaurant infrastructure upgrades, accelerated digitalization and the evolution of the culinary experience. The group continues its multi-year development program in a market that is redefining its benchmarks for quality, atmosphere and guest experience. One of the most extensive projects completed in 2025 was […]
MerchantPro, the SaaS eCommerce platform used by over 2,000 online stores in Romania, together with NETOPIA Payments, announces the launch of the AI Checkout solution with One Click Payment, opening the door to agentic payments in the local digital commerce space. The integration enables merchants in the MerchantPro ecosystem to activate one-click card payments with […]
The Romanian Customs Authority and the Ministry of Finance have submitted the country's bid to host the future EU Customs Authority (EUCA) in Bucharest. The EUCA is meant to help national customs authorities streamline processes for businesses, ensure the effective collection of duties and taxes for EU and national budgets, and reinforce the single market's […]
There are 17 legal public holidays in Romania in 2026, and 12 of them fall on weekdays. This means employees will have more time off without using their annual vacation days. The year begins with the possibility of an extended break, as January 1–2 fall on Thursday and Friday, while January 6–7 (the feast days […]
