This year should be a year of truce, a resilient year in many sectors and in which no economic contraction is expected, Bogdan Nichisoiu, Coface Romania rating manager, told at a press conference on Wednesday."2024 should be a year of truce. A resilient year on very, very many sectors, very many vectors of economic traction. I look at what our whole profession, yes, and in a broad sense, what the IMF says, what the European Commission forecasts, yes, so this whole portfolio of predictions for 2024, the common denominator is that for Romania nobody is pointing to recession. So this range of economic growth is between 2.4 - 3.5%, obviously the option, the most optimistic prediction being that of the Government, but it is important to note that nobody is predicting a recession, a contraction of the economy. We practically join this thesis. Why? Because we believe in the resilience of private consumption in 2024. This is an election year. Statistically in the last 30 years, no election year has ever had a contraction in private consumption. We have a tight labor market. I don't think, it would be the surprise of the century for me to see an exacerbation of unemployment. The money will continue to stay in the pockets of employees. A real salary that stays in positive territory. Even if we have this kind of inflection point in January, we still see inflation in this range at the end of the year of 5.5 to 6 percentage points. We think that nominal wages will increase by about 7 - 8 percentage points, real wages we see in a positive zone. Again, this is an ingredient that should bring resilience to private consumption," said Bogdan Nichisoiu.He said that without a major external shock he does not see a "frugal figure" in the consumption area in 2024, as it was in 2023, of 1.9%, but a higher one.However, the impact of energy costs is more diluted and if things stay as they are in the Middle East they do not massively impact the liquefied natural gas ecosystem on which Europe depends.
On Monday, January 13, officials at the Cantacuzino Hospital in Bucharest alerted police that a man stole three amputated legs from the storage area. While two were later found, the third is still missing. The incident took place three days prior, on January 10, and was captured by surveillance cameras. Images published by Euronews Romania […]
The General Prosecutor's Office announced on Wednesday, January 15, that criminal prosecution has been initiated again against former president Ion Iliescu and ex-prime minister Petre Roman in the case targeting the violent crackdown of the protests in Bucharest's University Square on June 13-15, 1990, also known as the Mineriada (miners' riot). The two are facing […]
Approximately 62% of employees in Romania intend to change their workplace in the next six months largely due to financial reasons, according to a survey conducted by the online recruitment platform Bestjobs. Approximately 48% of respondents intend to change their workplace because they want a better salary, 13% due to a lack of professional development […]
Roborock, a global leader in intelligent cleaning solutions, announces the launch of its latest innovation, the Roborock Qrevo Curv, a state-of-the-art robot vacuum and mop designed to redefine home cleaning. This revolutionary product combines cutting-edge technology with an innovative cleaning system to offer an unparalleled cleaning experience for consumers. "Roborock Qrevo Curv represents a new […]
Bucharest mayor Nicușor Dan announced that his administration will draw inspiration from the Icelandic model to combat and prevent drug use among young people. The mayor also stated that building a medical facility dedicated to those struggling with addiction is being considered, using spaces belonging to Colentina or Obregia hospitals. “As Bucharest residents decided through a […]
A young deer trapped in the icy waters of a pond near Fălticeni, Suceava county, was recently saved by a team of firefighters. According to the Emergency Situations Inspectorate, which shared a short video of the rescue mission, the fawn had attempted to cross the frozen pond, but the thin ice cracked beneath its weight, […]
