Experts of Romania's chartered financial analysts association CFA Romania put their budget deficit estimates at 7 percent of GDP in 2021 and 5.7 percent in 2022, projecting also an inflation rate of 6.06 percent over a 12-month horizon and a public debt expansion to 52.5 percent of GDP, the organization said in a release on Wednesday.Additional questions regarding the impact of the coronavirus crisis on the national economy (the duration of the pandemic's economic impact, the GDP and budget deficit evolution) have been included in the survey conducted by CFA Romania.Thus, the average projection for the 2021 state budget deficit is 7 percent, and 5.7 percent for 2022. The average projection for the nominal GDP growth in 2021 is +6.6 percent, and 4.3 percent for 2022. Also, the public debt (as percentage of GDP) is seen at about 52.5 percent over a 12-month horizon.The majority of survey participants, 36 percent, predict the coronavirus economic impact to last until at least the second quarter of 2023."Amid the substantial increase of the inflation rate, inflation expectations for a 12-month horizon continued to rise, reaching a new all-time high (of the CFA Romania Association survey). Moreover, the high dispersion of the responses is indicative of the high uncertainty regarding the evolution of inflation next year. In line with inflationary expectations and the central bank's monetary policy measures, expectations of an increase in interest rates on both the money market and for government securities have also increased," said vice president of the CFA Romania Association Adrian Codirlasu.CFA Romania's Macroeconomic Confidence Indicator increased slightly to 57.6 points (compared to the same month of the previous year the increase was of 7.2 points) due to the divergent evolution of the two components of the indicator. The anticipated inflation rate for the 12-month horizon continued to go up, averaging at 6.06 percent.Regarding the euro to RON exchange rate, all survey participants (100 percent) predict a depreciation of the RON in the next 12 months (from the current value). Thus, the average 6-month projection for the exchange rate is 5.0284, while the average exchange rate expected over a 12-month horizon is 5.0859 RON for one euro. The lowest estimated euro to RON exchange rate is 4.9700.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. CFA Romania is one of the over 160 CFA Institute members, and has the mission to promote the interests of investment experts and maintain high standards of integrity and professional excellence. The association currently has over 250 members.
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 […]
