The present situation is a very complicated one from the economic point if view, the risk for recession has increased significantly and it is possible to have a slight recession this year, says on Monday Adrian Codirlasu, chairman of the Association CFA Romania during a meeting with the press.‘In these conditions, the risk for recession I would say has increased significantly. So, it is possible to have a slight recession this year. What could change to get us a harder recession? It would be a downgrading of Romania to the non-investment-grade category. If you actually look at the economic fundamentals, like the two deficits, the current account deficit and the budget deficit, they take us out of the investment-grade category. In case we are downgraded? Yes, we can expect a severe recession, which also comes with higher interest rates and the depreciation of the leu’ explained Adrian Codirlasu.Asked when we could see clearly if Romania was going to face a recession this year, he stated that the answer could come in the first part of this year.'As numbers, when we see the first GDP figure for the first quarter. I wouldn't be surprised if it's slightly negative, because basically, until the elections, I don't think investors are going to make big steps to invest in Romania. Therefore, we could see this slightly negative development of the economy in the first half of the year, and after the elections it will matter for us to keep this rating how credible the government's fiscal policy will be. Whether it will be the same government or a new government, but the credibility of fiscal policy will be crucial. Again, what the rating agencies are saying, the fact that they are keeping us in the investment recommended rating category, is precisely the fact that they are members of the European Union and we are taking European money. So it is essential that we take European money and stick with pro-European policies. I think that a turn towards Euroscepticism will certainly lead us to a rating that is not recommended for investment', said Adrian Codirlasu. The budget for this year is built on economic growth of 2.5% and a budgetary deficit of 7% of GDP.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
