The Macroeconomic Confidence Indicator of the CFA Romania Association decreased in March 1.4 points to 51.6 points, a situation that was due to the divergent evolution of the two components of the indicator: the increase of 5.2 points for current conditions and, at the same time, the decrease of 4.7 points for expectations that have a horizon of 12 months.According to a press release from the association, the anticipated inflation rate for the 12-month horizon (April 2025) averaged 5.33%. At the same time, more than 75% of participants anticipate a reduction in the inflation rate over the next 12 months.As regards the EUR/RON exchange rate, around 88% of participants anticipate a depreciation of the leu in the next 12 months and the rest a stagnation. Thus, the average value of expectations for the 6-month horizon is 4.9961 lei for one euro, while for the 12-month horizon, the average value of the anticipated exchange rate is 5.0419 lei for one euro."Although, in the short term, due to the inflow of public money, confidence in the economy is growing, for the 12-month horizon, given the macroeconomic imbalances and high fiscal uncertainty, confidence in the economy has declined," said CFA Romania vice president Adrian Codirlasu.Regarding the evolution of residential property prices in the cities, most of the participants, 44% expect a stability in the next 12 months, while 38% expect an increase in prices. Also, 62% of participants believe that current prices are overpriced, while 38% believe that they are correctly priced.The projected state budget deficit for 2024 is expected (average value of expectations) to be 5.4%, and economic growth is expected to be 2.7%.Public debt, calculated as a percentage of GDP, is expected to increase to 53% in the next 12 months.In the March exercise a survey was also conducted on the evolution of the inflation rate in the coming years as well as on the evolution of the monetary policy interest rate. Thus, 29% of survey participants expect the first interest rate cut in May 2024 and 36% expect the first interest rate cut in July 2024. As for the inflation rate entering the target range (1.5% - 3.5%), 56% of participants anticipate it will happen in 2025, while 25% anticipate that this will happen in 2026.
The second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
