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.
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
NEPI Rockcastle NV, Europe’s third largest listed retail real estate company by portfolio value, has appointed Romanian Marius Barbu as Chief Operating Officer (COO) with effect from April 1, 2026. He will succeed Marek Noetzel, current COO and CEO-designate. Barbu has also been nominated as a Board Director and will stand for election at the […]
Alexandru Bologa, Paralympic champion and world leader in the J1 –70 kg category, won the gold medal at the 2025 IBSA Judo Grand Prix for the visually impaired, held in Brazil’s São Paulo. This year, Bologa became world champion, European champion, and winner of several IBSA Grand Prix events. Arriving in Brazil as the world […]
