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.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
