CFA Romania Macroeconomic Confidence Index dropped significantly in August, by 7.5 points, to 47.9 points.According to a press statement released by CFA Romania on Thursday, the decline was the result of a decrease in both components of the index, but a decrease in the anticipation component by 8.8 points to 38.3 points is noted."Amidst anticipated tax increases, the confidence indicator fell sharply in August. Also, the anticipation of indirect tax increases had the effect of a slight increase in inflationary expectations. Given the high uncertainty, economic growth expectations for 2023 have reduced substantially as well," said CFA Romania Deputy Chairman Adrian Codirlasu.The anticipated inflation rate for the 12-month horizon increased slightly to at an average 7.58%.Regarding the euro/leu exchange rate, 81% of the respondents are anticipating a depreciation of the leu in the next 12 months. Thus, the average value of the anticipations for the 6-month horizon is 5.0119 lei to the euro, while for the 12-month horizon the average value of the anticipated exchange rate is 5.0753 lei to the euro.Regarding the developments in residential property prices in cities, 50% of the participants anticipate a decrease in them, while 44% of the participants anticipate stability in the next 12 months. Also, 68% of the participants consider that the current prices are overvalued and 31% that they are correct.As far as the government deficit goes, the average value of the expectations for this year is 5.5%.For 2023, the anticipated value of real GDP growth decreased from the previous year to 2.1%. Public debt calculated as a percentage of GDP is expected to increase to 55% in the next 12 months.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
