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.
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more […]
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis, […]
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk […]
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
