CFA Romania analysts anticipate a budget deficit of 7.3% of GDP in 2021 and an inflation rate of 5.8% for the 12-month horizon, according to a press release from the organization.Thus, the average value of the anticipations for the deficit of the state budget anticipated for 2021 is 7.3%. The average value of expectations in real terms of GDP in 2021 is +6.6%, and for 2022 it stands at 3.9%. The public debt (percentage of GDP) will reach, in a 12-month horizon, about 54.1%.The anticipated inflation rate for the 12-month horizon averaged 5.8%. As to the euro / leu exchange rate, over 91% of the survey participants predict a depreciation of the leu in the next 12 months (compared to the current value). Thus, the average value of the anticipations for the 6-month horizon is 5.0517 lei, while for the 12-month horizon the average value of the forecast exchange rate is 5.1145 lei for one euro. Also, the lowest estimated euro / leu exchange rate for a 12-month horizon is 4.9600.The CFA Romania Macroeconomic Confidence Indicator decreased to 56.6 points (compared to the same month of the previous year, the indicator increased by 12.1 points). This situation was due to the divergent evolution of the two components of the indicator."In the context of the substantial rise in the inflation rate, inflationary expectations for the 12-month horizon continued to go up. In line with this trend, anticipations of higher interest rates on the monetary market rose, these indicating monetary policy interest at least three times higher in the next 12 months," said Adrian Codirlasu, vice-president of the CFA Romania Association.Also, the majority of survey participants, 75%, anticipate that the economic impact of coronavirus will last at least until the fourth quarter of 2022.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
