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.
A Romanian Air Force C-130 Hercules aircraft evacuated 10 Palestinian patients from Gaza on Wednesday, September 17, in a humanitarian mission coordinated with European and international partners, Romania’s Department for Emergency Situations (DSU) said. The patients, accompanied by 28 relatives, were flown from Israel’s Ilan and Asaf Ramon International Airport to Bucharest’s 90th Airlift Base […]
Romanian developer One United Properties (BVB: ONE) has signed a memorandum of understanding (MOU) with lifestyle hospitality company Ennismore to open a hotel under the brand The Hoxton in Bucharest. The Hoxton Bucharest will be located on Academiei Street, close to the University of Architecture. The hotel will rise on the site of three historic […]
Fewer than three out of four Romanians have a good opinion about the introduction of voluntary military service, a ratio slightly lower compared to a decade ago in 2015, the percentage being now lower among the AUR and PSD electorate, according to an ISCOP Research survey published on September 17 in the context of Russia […]
Romanian president Nicusor Dan informed the Parliament that he approved a request by the United States to bring additional forces to Mihail Kogalnicanu base at the Black Sea, in light of the rising tensions in the Middle East, according to
In a couple of meetings expected to generate a breakthrough on four key topics on September 17, Romania's ruling coalition deferred a final decision on the local administration staff cutting and the prolongation of the food price capping mechanism, according to Observatornews.ro....
Hungary's state company MVM responded to rumours, saying it has not abandoned plans to take over E.ON's Romanian subsidiary – but it only "temporarily withdrew from the FSR mechanism" because the approval of the investment by the Romanian authorities takes more than expected and the company needs to "balance its costs and resources," according to
