Romania's economy could grow next year by 2.1% and inflation could be 8.7% at the end of the year, says Ciprian Dascalu, head economist with BCR. 'Our forecast says: 2.1 economic growth next year. To mention some background hypotheses. I think the main hypothesis is growth in the euro zone - 0.1% - similar to the working hypothesis. To give it some flexibility, if from this 0.1% we go to -1/+1% namely an adjustment of a percentage point on one side or another of the growth in the euro zone affects the growth prognosis for GDP in Romania with almost 0.7 - 0.8 %. This is the flexibility in our estimate.Inflation 8.7% at the end of the year. Again, the hypothesis that the measures will remain and they have already been approved extended, the support measures for the costs with energy up to 2025. Another hypothesis is oil price. If we watch futures curve for oil, at the end of next year the prices are anticipated to drop. And this brings a disinflationist effect and for the first round, somewhere a drop in the oil price of about 10% - it would mean effect of round one, somewhere about 0.2 percentage point of inflation. And the effects of round two get somewhere to 0.4%, said Ciprian Dascalu on Friday at the annual conference of the Association of Financial-Banking Analysts of Romania (AAFBR), event organised with the support of PwC Romania and BRD -GSG. As regards interests, he said that BNR closed down its cycle of strengthening on the key rate at 6.75% in November. Asked about the possible key interest for next year, he said that he sees it as constant for the whole of 2023. At the same time, Florian Libocor, founding member of AAFBR, head economist with BRD-GSG stated that 2023 will not mean recession for Romania, but a slowing down of the growth rhythm. He mentioned that next year will be a year of resilience.
Four documentaries on topics such as identity, memory, responsibility, and courage will be screened at the Czech Center in Bucharest as part of the upcoming edition of the Documentary Mondays program. The program opens on February 23 with Simona Constantin’s Caliu. Nothing else, what more could I do?, a portrait of fiddler Gheorghe "Caliu" Anghel, nicknamed […]
Romania is set to host the prestigious international high school debating tournament “Cambridge Union Schools,” under the auspices of the Cambridge Union, between February 21-22 at the National Bilingual College “George Coșbuc” in Bucharest. This marks the first time an official tournament organized under a Cambridge license is being held in Romania. During the competition, […]
The average sale price for new homes in Bucharest has increased over the past 5 years by over 50%, from EUR 1,480 to EUR 2,273 per usable square meter. At the same time, the average rent rose by 45%, from EUR 8.6 to EUR 12.3 per usable square meter, according to a report from real […]
Defense minister Radu Miruţă received a delegation of the Congress of the United States of America led by Democratic senator Jeanne Shaheen on Monday, February 16. Together, they visited the F-16 Training Center in Feteşti. The officials toured the facility, which was inaugurated in 2023 at the 86th Feteşti Air Base. Nowadays, the base "is an advanced […]
Starting Tuesday afternoon, February 17, Bucharest and 12 counties in the Muntenia and Moldova regions are under an Orange Code warning for heavy snowfall, strong wind intensifications, and severe blizzard, with the snow layer expected to reach up to 50 centimeters, the National Meteorological Administration (ANM) announced. Florinela Georgescu, forecasting director, told Digi24...
Romania’s National Paralympic Committee officially announced that two athletes will represent the country at the Milano-Cortina 2026 Winter Paralympic Games, a competition that will bring together the best Paralympic athletes in the world in winter disciplines between March 6-15. Mihăiţă Papară (para snowboard, class SB-LL1) and Andrei-Sorin Popa (para alpine skiing, class LW9-2, standing) were confirmed […]
