CFA Romania’s Macroeconomic Confidence Index decreased by 2.1 points in October compared with the previous month, to 48.4 points, but it was up 5 points over the October 2017 index. According to a CFA Romania press release, this development was the result of negative changes in the expectations component of the index. Thus, the current conditions indicator increased marginally on a monthly basis by 0.3 points, to 62.5 points; compared with the same month of the previous year it increased by 3.4 points. The expectations indicator decreased by 3.3 points, to 41.3 points (+ 5.8 points compared with the same month last year). Regarding the EUR/RON exchange rate, over 80 percent of the participants are expecting the RON to depreciate over the next 12 months as against its current value. Thus, the average of the six-month expectations is 4.7087 RON to EUR, while the 12-month average is 4.7526. The expected inflation rate in 12 months, November 2019/November 2018, averages out at 4.50 percent. CFA Society Romania Macroeconomic Confidence Index was first released by CFA Society Romania in May 2011, and it represents an indicator designed to quantify expectations of financial analysts on economic activity in Romania for a one-year time horizon. Participants are members of CFA Society Romania and candidates for levels II and III of the CFA exams. The index takes values between 0 (no confidence) and 100 (complete confidence in the Romanian economy) and is calculated based on six questions regarding: current conditions of business and the labour market; expectations from business, the labour market, personal income and personal wealth at the economy level. In addition to the necessary questions to calculate the Macroeconomic Confidence Index, the survey also evaluates the a one-year projections regarding inflation rate, interest rates, EUR / RON exchange rate, the Bucharest Stock Exchange (BET) trading index, global macroeconomic conditions and oil prices. CFA Romania is an association of investment professionals in Romania, mostly chartered financial analysts (CFA), a qualification administered by the CFA Institute of the US.
The post Macroeconomic confidence index drops 2.1 points in October in CFA report appeared first on Nine O' Clock.
A new study conducted by the National Sample agency (formerly European National Panels), which thoroughly analyzes how people use social media, shows that Facebook remains the most popular social network in Romania, actively used by 75% of the online population aged 18 to 54. Romanians between 45 and 54 use Facebook with preference, while younger […]
RIVUS Cluj-Napoca, the mixed-use urban reconversion project developed by companies IULIUS and Atterbury Europe, was granted the largest loan for a new real-estate development in Romania, namely EUR 400 million. Around EUR 180.3 million will be provided by the European Bank for Reconstruction and Development (EBRD). Thanks to the loan, Cluj-Napoca will see the transformation […]
Former prime minister Marcel Ciolacu announced on Tuesday, May 20, that he has resigned as head of the Social Democratic Party (PSD), the largest in the Romanian legislature. The interim leadership of the party will be taken over by transport minister Sorin Grindeanu, a close ally of Ciolacu, who secured the position with 67 votes to […]
Anca Manitiu, Deputy CEO of Impetum Group - one of the biggest private equity managers in Romania - analyzes the recent trends and numbers in the European and regional private equity market. Europe's alternative investment fund market - funds investing in private companies, startups, and growth projects - is transforming. While capital previously flowed freely […]
Romania has overtaken Poland as the worst country in the EU for LGBTQ+ people, according to a ranking published by the Brussels-based non-governmental organization ILGA-Europe. Countries are placed in the organization’s annual "Rainbow Map" according to factors such as the number of hate crimes in a given year and the rights afforded by authorities to […]
Romanian national Stanislav Carpiuc, 26, from Romford, was charged with conspiracy to commit arson with intent to endanger life following the fires in north London. The Romanian was arrested on May 17 at London's Luton Airport and is due to appear at Westminster Magistrates' Court on Tuesday. He is the second man charged in relation […]
