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.
Premier Energy PLC, one of the fastest-growing energy companies in Romania and the SEE region, will carry out an initial public offering (IPO) on the Bucharest Stock Exchange (BVB) between May 8 and May 15, 2024. Romania's Financial Supervisory Authority (ASF) approved the IPO prospectus on Tuesday, May 7. The company is looking to sell […]
The European Bank for Reconstruction and Development (EBRD) is lending more than EUR 46 million as part of a EUR 93 million financing package to build and operate Urleasca Wind Farm, a 102 MW onshore wind farm in Romania, the institution announced. Urleasca Wind Farm is expected to generate 277 GWh a year of renewable energy […]
Bucharest and Ilfov County together form the region in Romania with the highest motorization rate, with an average of 640 cars per 1,000 inhabitants, a level close to most regions in France, Germany, Austria, and Italy, according to Eurostat data for 2022 cited by Ziarul Financiar. In the central, western, and northwestern regions of the […]
Nicolae Ciucă, the president of the National Liberal Party and head of the Romanian Senate, is increasingly looking like the party’s pick for the presidency. Ciucă, a former general in the Romanian army and an ally of current president Klaus Iohannis, also from PNL, is featured on dozens of billboards across the country. In parallel, a social media […]
The 28th edition of the European Film Festival opens in Bucharest on Europe’s Day, May 9. The event, which takes place in several cities in the country, will end this year’s run in Chișinău on June 8, the weekend of the EU Parliament elections. The program covers 40 feature films, 34 of them national premieres, […]
The multinational military exercise "Swift Response 24,” which will feature the largest airborne operations in Europe since World War II, has recently begun. The exercise will take place until May 24 in Romania, including in the Cincu range in Brașov County, according to Radio Brașov, as reported by Rador. According to the Ministry of National […]
