Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CFA Romania: Macroeconomic Confidence Indicator went up in...

CFA Romania: Macroeconomic Confidence Indicator went up in November

January 5, 2023

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 text of this article has been partially taken from the publication:
http://actmedia.eu/daily/cfa-romania-macroeconomic-confidence-indicator-went-up-in-november/101138
Read in full - click here
Symmetrica invests EUR 48 mln in new concrete pavements factory near Bucharest

Symmetrica, a Romanian company that produces pavements, curbs, and vibro-pressed gutters for pedestrians and roadways, said it’s investing EUR 48 million in a new concrete pavements factory. Located in Bolintin Vale, near Bucharest, the new unit will be inaugurated this autumn. According to the company, the factory will be the largest of its kind in […]

Head of Romania's Consumer Protection Agency to run for mayor of Constanța

Horia Constantinescu, the president of Romania's National Authority for Consumer Protection (ANPC), has been chosen as the candidate for mayor of the Black Sea port city of Constanța by the Social Democratic Party (PSD).  Constantinescu, 50, has had a controversial term as head of the Consumer Protection Agency, attracting criticism from employer organizations, fast-food giants, […]

Romanian president approves law prohibiting sale of electronic cigarettes to minors

Romanian president Klaus Iohannis recently approved a law initiated by Social Democrat (PSD) deputy Alfred Simonis prohibiting the sale of electronic cigarettes to minors.  The law aims to reduce the exposure of children and young people to tobacco products and discourage smoking among young people. It also bans such products from being sold through vending […]

Weekend calendar: Film festivals, exhibitions, concerts and more

The last weekend of March comes with a host of exhibitions, concerts, and film festivals, including the French Film Festival, which continues in Bucharest and several other cities in the country. In Bucharest: French Film Festival Until March...

US company co-founded by two Romanians tackles AI with open-source model

The company Databricks, founded by a group of professors from the University of California, Berkeley, that includes two computer scientists of Romanian origin, Ion Stoica and Matei Zaharia, recently entered the artificial intelligence field with the launch of the DBRX model.  The model, which was trained after a USD 10 million investment and 8 months […]

Bucharest’s MINA museum presents immersive dance show

MINA, the Museum of Immersive New Art in Bucharest, will add an immersive dance show to its offer beginning next month. Set to launch on April 12, [IN BETWEEN] is one of the museum’s main projects of this year. The immersive dance show [IN BETWEEN] is designed and directed by Bobi Pricop, along with choreographer […]