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.
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
