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.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
