The Macroeconomic Confidence Indicator of CFA Romania Association went up by 0.4 points in November, to 33.7 points. “This situation was due, on one hand by the increase by 2.2 points of the current condition aspect, and on the other hand, the drop by 0.5 points of the anticipation aspect. The anticipated inflation rate for 12 months went up to an average value of 10.68%. “Inflation anticipations returned to the growing trend, showing a two figure inflation for 2023. The drop of the purchase power due to inflation will influence consumption next year. In these conditions, 2023 economic growth anticipations dropped to a value of 1.3%”, says Adrian Codirlasu, CFA – vicepresident of the CFA Romania Association. As for the euro/leu exchange rate, over 90% of participants anticipate a depreciation of the leu in the nexy 12 months (compared to the present value). Thus, the average anticipation value for 6 months is 5.0279 lei for 1 euro, while for 12 months the average value is 5.1021 lei for one euro. The state budget deficit anticipated for 2022: the average anticipation value dropped to 6.6% and for 2023the estimated value is 6.2%. For 2023 the anticipate GDP increase is 1.3%. The public debt in GDP grows to 56% in the next 12 months.
The health sector, public administration, and the energy industry are the most targeted by cyber threats in Romania, according to the National Cyber Security Directorate (DNSC) in its 2024 activity report. The health sector faces significant threats due to the large volume of sensitive data and underfunded critical infrastructure. Public administration is often the target […]
The funeral service of Romanian former president Ion Iliescu was performed on Thursday, August 7, an official mourning day in Bucharest. Among those present were family, friends, former allies, and political opponents. Those absent, namely the former president Klaus Iohannis and current president Nicusor Dan, were also notable. Ion Iliescu, Romania’s first president after the […]
The multisensory photography exhibition World Unseen has opened to the public in Brașov, central Romania, as part of its national tour. Hosted at Olimpia – The Museum of Sport and Mountain Tourism, the exhibition is open until September 14 and aims to make photography accessible to people of all abilities, including those with visual impairments […]
Romanian foreign minister Oana Țoiu began an official visit to Ukraine on Thursday, August 7, marking the first bilateral trip by a Romanian foreign minister to Kyiv since the Russian invasion in 2022. The visit signals Romania's strong and ongoing solidarity with Ukraine, the ministry said. Minister Țoiu is scheduled to hold high-level talks with […]
M Core continues to expand its Romanian portfolio with a new retail development in Bucharest. This time, the project is targeting one of the city’s most dynamic residential areas — Prelungirea Ghencea. The project, developed on a plot of approximately 51,400 sqm, will be located on Prelungirea Ghencea Street, no. 344–348, and is currently in […]
The FeminEast Association has launched the first free digital platform dedicated exclusively to financial education for women and young girls in Romania and Eastern Europe. Designed to address persistent gaps in financial literacy, the platform offers accessible, practical content tailored to the needs of schoolgirls, students, mothers, and women seeking financial independence or career changes. […]
