For visible effects on the economy, the National Bank of Romania (BNR) should raise the key interest rate four more times by increments of 0.25 percentage points each to 2.5 pct per annum, vice president of Romania's chartered financial analysts association CFA Romania, Adrian Codirlasu, told a conference on Thursday."Regarding monetary policy, in the latest CFA Romania survey we said we expect at least two key interest increases in the next 12 months. The first one came quickly. What I think determined the BNR to proceed earlier than most of the market's anticipations was the fact that we expect second-round effects of the rising energy prices to influence inflation expectations. I think this was the main reason, fighting inflationary expectations. But this 0.25 pp is practically just a signal that the Central Bank is concerned about inflation. To really have an impact on the economy and reduce the inflation rate ... there should be at least four more increases, so go from 1.5 ppa to 2.5 ppa for a visible impact on the economy," Codirlasu told the conference "Pandemic Goes On: Romania Where to? How Does the Romanian Economy Withstand the Pandemic", an event dedicated to the entrepreneurial ecosystem, organized by Oxygen Events with the support of the Romanian Banking Association.Adrian Codirlasu explained that BNR cannot influence all prices, energy prices included, through the measures it takes.Earlier this month, the Board of the National Bank of Romania decided to increase the benchmark interest rate to 1.5 pct per annum, to put up the deposit facility rate to 1 pct per annum, and increase the lending facility rate (Lombard) to 2 pct per annum.
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
Furnica Hotel, located near the famous Peleș Castle in the mountain town of Sinaia, and one of the landmark buildings of the Peleș Royal Domain, has been officially put up for sale by the Royal House of Romania. The hotel, whose initial purpose was to serve as housing for the staff employed by the Royal […]
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
