CFA Romania analysts have lowered their estimate for this year's economic growth to 3 percent, down half a percentage point from their previous forecasts, while their inflationary expectations have continued to rise amid Russia's invasion of Ukraine, shows a statement issued on Tuesday by Romania's chartered financial analysts association.The average inflation rate for 2022 is seen at 8.03 percent, a record high ever since the CFA Romania survey began, while the budget deficit is expected to reach 6.7 percent.As regards the euro to RON exchange rate, the participants unanimously anticipate a depreciation of the national currency in the next 12 months, the average projection over a 6-month horizon standing at 5.0402 RON for one euro, and that over a 12-month horizon being 5.082 RON for one euro."Against the background of the risk aversion triggered by Russia's invasion of Ukraine, CFA Romania's Macroeconomic Confidence Indicator continued to decline in March. A consequence of this increased risk aversion is the reduction of economic growth expectations, which have been cut by yet another half a percentage point from the previous issue [in March 2022]. At the same time, inflationary projections have continued to rise. As regards the evolution of interest rates, the survey participants expect the National Bank to hike the key interest rate to at least 4.25 percent in the next 12 months," said vice-president of the CFA Romania Association Adrian Codirlasu.The share of respondents who believe that residential real estate prices in major cities will rise in the next 12 months dropped to 13.6 percent, the lowest level since November 2020, while 40.9 percent of the respondents see them going down, the highest share since November 2020.CFA Romania's Macroeconomic Confidence Indicator decreased to 40.9 points due to the evolution of its projection component.CFA Romania is the association of Romanian investment professionals who hold the certification of Chartered Financial Analyst (CFAŽ), a credential granted by the US-based CFA Institute. The association currently has over 250 members.
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
