The macroeconomic confidence indicator of the CFA Romania Association dropped to 36.5 points. The financial analysts estimate an economic growth of 2.9% and inflation of 9.5% over the next year. ‘The macroeconomic confidence indicator of the CFA Romania Association dropped to 36.5 points. This situation is due to the drop, of over ten points of the components of current conditions. The anticipated rate of inflation for the horizon of 12 months continued to grow, getting to an average value of 9.50% as the answers were offered previously to the publication of the inflation rate for May’ the association says. As regards the exchange rate euro/leu, 88% of the participants anticipate a depreciation of the leu for the next 12 months ( as compared to the present value)not being registered any opinion of appreciation. Thus the average value of anticipations for the horizon of 6 months is 5.0298 lei for one euro, while the horizon of 12 months has the average value of the anticipated exchange rate 5.1125 lei/euro. “Amid the risk aversion triggered by Russia’s invasion of Ukraine, as well as high inflation, the anticipation component of the CFA Romania Association’s macroeconomic confidence indicator continued its decline in May, reaching values similar to those reached at the beginning of the corona pandemic. Inflation expectations continued to rise, with the expected inflation rate reaching a new historic high in the survey. Regarding the evolution of interest rates, the participants in the survey anticipate the increase of the monetary policy interest rate by the national Bank to at least 6% in the next 12 months,” says Adrian Codirlasu, CFA, vice president of CFA Romania Association. The deficit of the anticipated state budget for 2022 : the average value of anticipations has increased to 6.5%. The evolution, in real terms of GDP for 2022 has increased at 2.9%. ‘It is remarkable the reduction of the share of interviewees who think that the price of real estate properties in the big cities will increase over the next 12 months (8% the lowest level since September 2020), at the same time with the increase of the share of interviewees who consider that price will drop (56%, the highest share since the survey). At the same time, 72% of the interviewees in the survey consider the prices of residential properties in the main cities as being over evaluated.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
