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.
Romanian director Radu Jude has won the Silver Bear for Best Screenplay for Kontinental '25 at this year's Berlin International Film Festival/ Berlinale. Kontinental '25 is Jude’s third film awarded in Berlinale’s main competition, after Aferim!, which earned...
With nearly 1,300 real estate transactions in 2024, the company tripled its sales volume compared to 2023. The total value of real estate transactions reached EUR 146 million in 2024. There were 114 transactions in January 2025, double the number in January 2024. With a total of almost 1,300 real estate transactions, North Bucharest Investments […]
Forvis Mazars Group, the international audit, tax and advisory services partnership, releases today its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region suffered a decline in overall deal value, although a marginal rise in deal volume shows the market’s underlying robustness. The Investing in CEE: Inbound […]
With a total of almost 1,300 real estate transactions, North Bucharest Investments (NBI) managed to triple its sales volume compared to 2023, and the total value of transactions reached €146 million in 2024. This amount reflects an increase of 133% compared to the previous year and consolidates the company's leading position on the real estate […]
French president Emmanuel Macron said that Russia manipulated elections in Romania and that the cancellation of last year's presidential elections did not shock him as a result of that intervention. Macron made the comments during a session of questions from users on social media regarding the situation in Ukraine. Over one hour, he...
Romania’s Ministry of Education released the latest edition of the National Metaranking, identifying the top universities in the country. The ranking has undergone minor changes compared to last year’s edition or the last independent metaranking published in the fall by academic experts. The Transilvania University of Brașov has entered the top 5 universities in Romania, […]
