The Macroeconomic Confidence Indicator produced by the CFA Romania Association was 4.7 points up this June to 52.1 points, as an effect of the 5.6-point increase in the current conditions component of the indicator and of the advance by 4.3 points of the anticipation component.The inflation rate anticipated for the 12-month horizon (June 2025) decreased compared to the previous report to an average of 4.67 percent. Approximately 71 percent of the respondents expect the inflation rate to drop in the next 12 months. Also, a considerable share of the participants (46 percent) anticipate that the inflation rate will enter the target band (1.5 percent - 3.5 percent) in 2026.Regarding exchange rate expectations, around 86 percent of the respondents predict a depreciation of the domestic leu in the next 12 months, while the rest see it keeping steady. Thus, the average projections for the next six months are for a rate of RON 5.0133 for one euro, while for the coming 12 months, the average anticipated exchange rate is RON 5.0722 for one euro.As far as the evolution of urban residential property prices is concerned, 64 percent of the respondents anticipate a stagnation in the next 12 months, while 21 percent expect them to increase. Also, 50 percent of the participants in the survey believe that the current prices are fairly assessed, and 43 percent consider that they are overestimated.The state budget deficit for 2024 was upwardly adjusted from the previous report and stands at 6.5 percent, while economic growth expectations for the current year remained relatively constant compared to 2023, at 2.8 percent.The public debt expressed as a percentage of GDP is expected to increase to 53 percent in the next 12 months.
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
