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.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
