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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
