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’s Cătălina Ponor is one of the four gymnastics legends to be honored at the 28th annual International Gymnastics Hall of Fame (IGHOF) induction ceremony on May 17, according to an official announcement. The event will be held at the Petroleum Club in Oklahoma City. The 2025 IGHOF inductees are Beth Tweddle, Andreas Wecker, and […]
Value vouchers contributed over RON 32 billion to Romania’s Gross Domestic Product in 2023, which represents more than 2% of the national GDP. According to a study conducted by the Bucharest University of Economic Studies (ASE), value vouchers, including meal vouchers, holiday vouchers, gift vouchers, and cultural vouchers, have played an essential role in supporting […]
The European Bank for Reconstruction and Development (EBRD) has committed EUR 15 million to Morphosis Capital Fund II, a private equity fund supporting small and medium-sized enterprises (SMEs) and lower mid-market companies in Romania and across Central and Eastern Europe (CEE). Managed by Morphosis Capital Partners, the fund aims to provide equity financing as an […]
Simtel Team (SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and one of the national leaders in renewable energy in Romania, aims to issue corporate bonds worth EUR 30 million. The company’s management has convened the Extraordinary General Meeting of Shareholders for April 24-25, to request approval […]
About 46% of Romanians believe that what they currently buy is only the bare minimum to ensure their daily living due to inflation. In the last month, Romanians spent the most on food products (89%), utilities (82%), personal hygiene products (73%), home care products (67%), and medicines or supplements (66%), according to a Reveal Marketing […]
The Bucharest office market recorded its lowest level of deliveries in two decades in 2024, with only one major project completed, according to the annual report published by Colliers. Total rental demand fell by 18% compared to the previous year, but new demand remained at a similar level to 2023. At the same time, more […]
