The Macroeconomic Confidence Indicator of the CFA Romania Association went up in October by 5.6 points to 53.0 points.According to a CFA Romania press statement released on Friday, what happened is both components of the indicator advanced."Anticipations of economic growth resumption in 2024 amidst increases in public spending probably led to increased confidence in the economy. Also, the disinflationary process will continue, but at a much slower pace, with inflation being projected to remain above 6% at the end of 2024, and tax policy remaining the main risk to the disinflationary process," according to Adrian Codirlasu, vice-president of the CFA Romania Association.The anticipated inflation rate for the 12-month horizon (November 2024) was lowered to an average value of 6.28%.Regarding the EUR/RON exchange rate, over 76% of the participants are expecting a depreciation of the leu (RON) in the next 12 months. Thus, the average value of expectations for the 6-month horizon is 5.0097 lei to the euro, while for the 12-month horizon, is RON 5.0541 to the euro.Regarding the developments in property prices in cities, 47% of the participants anticipate a decrease in them, while another 47% of the participants anticipate stability in the next 12 months. Also, 58% of the participants consider that the current prices are too high and 29% that they are the right ones.The average value of the expectations for the government deficit this year is 5.6%. For the year 2023, the anticipated value of real GDP growth recorded the value of 2.0%.Public debt calculated as a percentage of GDP is expected to increase to 53% in the next 12 months.
Increasingly invoked in the public space, the right to freedom of expression risks being applied indiscriminately, to the detriment of other fundamental rights such as the right to privacy and the protection of personal data. In a legal analysis covering both European and national law, attorney Razvan Popescu highlights the risks of excessive interpretation of […]
STIRIXIS Group, the internationally awarded Greek Design & Consulting firm with over 850 projects in 29 countries, has designed and delivered the new, cutting-edge entertainment hub for Village Cinemas at The Mall Athens. The newly designed reception and support areas – including the foyer, the gaming zone, the Village Center retail shop, and the ticketing […]
Romgaz, Romania’s largest natural gas producer, has initiated legal proceedings seeking the dissolution of Greenpeace CEE Romania, citing insolvency and alleged misuse of the organization’s structure to avoid financial accountability, energy minister Sebastian Burduja announced. The lawsuit was filed through Romgaz’s subsidiary involved in the Neptun Deep offshore gas project and registered at the Bucharest […]
The Bucharest office market recorded a significant drop in leasing activity during the first quarter of the year, with gross take-up reaching 51,300 square meters - down 44% compared to Q1 2024, according to data from Cushman & Wakefield Echinox. Despite this slowdown, the market is showing early signs of recovery, with a series of […]
Far-right leader of the Alliance for the Union of Romanians (AUR) party, George Simion, currently running for president of Romania, made the news on Thursday, May 15, when he called his centrist opponent Nicusor Dan autistic. He also made a controversial appearance on a French television channel and was featured by Politico as a danger […]
Photon Energy and Hyperion Renewables have signed an engineering, procurement, and construction (EPC) contract for a 34 MW solar power plant in Săliște, Romania, with plans to expand the facility to 38 MW. Construction is set to begin in the third quarter of 2025, with commercial operations expected a year later. The project, developed by […]
