CFA Romania analysts estimate an economic growth of 2.3pct this year, down from previous forecasts, according to a press release of the organization sent on Thursday."Against the background of the risk aversion triggered by Russia's invasion of Ukraine, as well as high inflation, the anticipation component of the CFA Romania's macroeconomic confidence indicator continued to decline in April. Moreover, inflation expectations also continued to rise, with the forecast inflation rate reaching a historic maximum of the poll. In terms of the evolution of interest rates, the participants in the survey anticipate further interest rate increases by the National Bank in the next 12 months," said Adrian Codirlasu, vice president of the CFA Romania Association.According to the same source, the macroeconomic confidence indicator of the CFA Romania association remained constant, at 40.9 points. This situation was due to the divergent development of the two components of the indicator. The anticipated inflation rate for the 12-month horizon continued to rise, reaching an average of 8.43pct, as answers were provided prior to the publication of the quarterly inflation report.Regarding the euro/leu exchange rate, more than 82pct of the participants anticipate a depreciation of the leu in the next 12 months (compared to the current value), with no appreciation opinion recorded. Thus, the average value of the estimates for the 6-month horizon is 5.0048 lei for one euro while for the 12-month horizon the average value of the anticipated exchange rate is 5.0584 lei for one euro.The organization also notes a further decline in the share of respondents who believe that residential real estate prices in major cities will increase in the next 12 months (13.0pct, the lowest level since November 2020), at the same time with the increase in the share of participants who believe that the price will decrease (47.8pct, the highest share in November 2020). At the same time, 73.9pct of survey participants consider residential property prices in major cities to be overvalued.Regarding the deficit of the state budget anticipated for 2022, the average value of anticipations increased to 6.9pct. The evolution, in real terms, of the GDP in 2022, decreased to 2.3pct compared to 5.9pct, as previously forecast.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
