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.
Nine O’Clock daily newspaper: articles from tomorrow’s Printed Edition dated Monday OCTOBER 02, 2023 PM Ciolacu puts to rest security fears over Russian hypothetical threat Senate’s Ciuca, to Romanians in Ireland: We expect you home, where things will change Participation of Minister of Foreign Affairs Luminița Odobescu at the Opening...
Exhibition ‘Brancusi: Romanian Sources and Universal Perspectives’ opens in Timisoara The exhibition “Brancusi: Romanian Sources and Universal Perspectives” opened to the public on Saturday at the National Art Museum (MNArT) of Timisoara, this year’s European Capital of Culture, in the presence of several hundred Romanian and foreign tourists eager to...
Her Majesty Margareta, Custodian of the Romanian Crown, and HRH Prince Radu on a special visit The European Union Satellite Centre on 25 September 2023 The European Union Satellite Centre had the privilege of hosting Her Majesty Margareta, Custodian of the Romanian Crown, and HRH Prince Radu on a special...
Her Majesty Margareta, Custodian of the Romanian Crown, and HRH Prince Radu meet the Romanian community in Toledo, Spain Her Majesty Margareta, Custodian of the Romanian Crown, and His Royal Highness Prince Consort Radu traveled on Thursday to Toledo, the capital of the province of the same name in the...
Mr. Cătălin Predoiu, Deputy Prime Minister, and Minister of Internal Affairs: Romania will help Italy, after the island of Lampedusa is overwhelmed by migrants Press release regarding the JAI Council – Internal Affairs section of 28.09.2024/ Statement of the Minister of Internal Affairs after the meeting Posted on: 2023-10-01 Source: https://www.mai.gov.ro...
Information regarding the implementation of the National Program for the Reduction of School Dropout: There are no problems regarding the supplementing of the sums necessary for schools to implement the activities undertaken through the projects of PNRAS The date of publishing: Friday, September 29, 2023 Source: www.edu.ro With regard to...