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.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
