The Macroeconomic Confidence Indicator produced by the CFA Romania Association fell slightly in September, by 0.5 points, to 47.4 points.According to a press release issued by CFR Romania on Thursday, this situation was the effect of the decrease in the current conditions component. The anticipated inflation rate for the 12-month horizon decreased compared to the previous year and stood at an average of 6.86 percent."The slowdown in economic growth and the new tax measures were also reflected in the current conditions component of the confidence indicator, which fell by 6.6 points from the previous year. Also, the conduct of fiscal policy was reflected in the budget deficit expectations for the current year, with the anticipated deficit for this year recording the highest value since the beginning of the year," said Adrian Codirlasu, Vice President of CFA Romania.As for the exchange rate EURO (EUR) to Romanian leu (RON), over 84 percent of the participants anticipate a depreciation of the RON in the next 12 months. No opinion envisaging its appreciation was registered. Thus, the average value of expectations for the 6-month horizon is 5.0169 RON for one EUR, while for the 12-month horizon the average value of the anticipated exchange rate is 5.0607 RON for one EUR.As regards the evolution of residential property prices in the cities, 53 percent of the participants anticipate a decrease in prices, while 42 percent say that the prices of residential property will decrease in the next 12 months.Also, 73 percent of participants believe that current prices are overpriced and 21 percent that they are correctly priced.According to the cited source, the average value of the state budget deficit expectations for this year is 5.8 percent. For the year 2023, the anticipated value of real GDP growth is 2.2 percent.Public debt as a percentage of GDP is expected to increase to 54 percent in the next 12 months.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
