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.
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
Romania’s business landscape has undergone a significant transformation, with company revenues tripling and profits increasing more than fourfold between 2008 and 2024, according to a comprehensive study released by Termene.ro. Based on official financial data, the research highlights what analysts describe as the country’s entry into a “new normal” of economic maturity. The study showed […]
The former Romanian midfielder Gheorghe Hagi is in 82nd place in the ranking of the greatest footballers of all time, compiled by international sports magazine The Athletic, cited by TuttoMercatoWeb. In the opinion of The Athletic, the greatest...
Romania has considerably increased its budget for healthcare in recent years, but it remains last placed in the European Union, with EUR 971 per inhabitant going to the health system, Digi24 reported. Most of this amount is spent on the salaries of doctors and nurses. The EU average regarding...
A truck belonging to a Moldovan transport company loaded with weapons was detected at the Albita Customs, at the entrance to Romania, on November 20, Europa Libera Romania reported. According to the documents, it was intended for an Israeli beneficiary, but this has not been...
