Financial analysts expect Romania's economic growth to stand at 0.8% on average in 2025, with some participants even anticipating a recession, according to the monthly survey conducted by the CFA Romania Association.The state budget deficit forecast for 2025 is slightly up compared to the previous year, to an average of 7.6% of GDP, and public debt expressed as a percentage of GDP is expected to increase to 59% in the next 12 months, the organization said in a release on Monday.The inflation rate anticipated for a 12-month horizon (August 2026) increased compared to the previous month to 6.46%, with over 56% of the respondents predicting it to go up.Regarding the exchange rate expectations, around 94% of the respondents predict a depreciation of the domestic leu against the euro in the next 12 months. Thus, the average projection for the next six months is for a rate of RON 5.1015 for one euro, while for the 12-month horizon, the average anticipated exchange rate is RON 5.1716 for one euro.As far as urban residential property prices are concerned, 69% of the respondents anticipate stagnation in the next 12 months, while 31% expect them to in increase. Also, 69% of participants in the survey consider that the current prices are overestimated, and 31% that they are correctly assessed.Following the sharp decline recorded in June, the Macroeconomic Confidence Indicator produced by the CFA Romania Association was 5 points up this July to 34.9 points, with its two components following divergent directions: the anticipation component increased by 8.6 points to 33.6, while the current conditions component further dropped by 2.2 points to 37.5, reflecting the worsening of current conditions.The CFA Romania Association has been carrying out this monthly survey for 14 years now, as an indicator whereby the organization attempts to quantify the anticipations of financial analysts regarding Romania's economic activity over a one-year horizon. The survey is conducted in the last week of each month and the participants are members of the CFA Romania Association and candidates for levels II and III of the CFA exam.CFA Romania is the association of Romanian investment professionals who hold the certification of Chartered Financial Analyst (CFA), a credential granted by the US-based CFA Institute. The association currently has over 270 members.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
