CFA Analysts Expect GDP Growth of 2.9% in 2022, See Leu at 5.11 Units/Euro, Annual Inflation At 9.5% in Next 12 Months

today, 10:31
Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12 months, while the estimated inflation rate will hit on average 9.50%, a new all-time high since the launch of the monthly poll CFA has conducted for over ten years.
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Siemens Energy, one of the world’s leading energy technology companies, has signed a ten-year lease contract for 7,500 square meters of office... more
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Romania Budget Gap Shrinks To 1.57% Of GDP In Jan-May 2022
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Romania’s general consolidated budget posted RON20.90 billion deficit in the first five months of 2022, lower than the RON26.18 billion level... more
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CPI Property Takes Lead of Romania Office Space Market
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OTP Bank Sees Romania’s Economy Growing By 4% In 2022
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OTP Bank expects Romania’s economy to increase by 4% in 2022 and to slow down its growth pace to 3.5% in 2023, the lender said in a report. more
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Finance Ministry Raises RON595M From Banks On June 23 And 24
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Romania's finance ministry raised RON595 million on Thursday (June 23) and Friday (June 24), selling bonds maturing in October 2034, at an annual... more
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Voxa Steps Into Moldovan Market
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Voxa, a Romanian streaming platform for audiobooks and e-books, is tapping into the market of the Republic of Moldova starting this summer, as part... more
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Latvia’s ELKO Reports Record Turnover Of $105M In Romania In 2021
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ELKO Romania, a company member of Latvia’s ELKO Group, one of the largest regional wholesalers of IT and consumer electronics products, had a... more
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Romania’s Insurance Market Surges 46% to RON4.66B in Q1/2022
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Romania’s insurance market reached a volume of underwritten gross premiums of RON4.66 billion in the first three months of 2022, a record... more
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Simtel Team To Install Over 10,000 Photovoltaic Panels On Buildings Of Carmistin Group
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Simtel Team (SMTL.RO), a Romanian engineering and technology company, announced on Friday (June 24) the signing of a partnership with Axell Green... more
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Roshen One Makes EUR34M Revenue from Selling Chocolate in Romania
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Roshen One, part of the international group in the chocolate sector Roshen of Ukrainian billionaire Petro Poroshenko, posted RON167.9 million (some... more
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MedLife Fully Acquires Medicris Oradea Group
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MedLife, the leader of the private medical services market in Romania, announced on Friday (June 24) the acquisition of the full package of shares... more
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Raiffeisen Bank Takes Its Third Green Bonds Issue To Bucharest Stock Exchange
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Raiffeisen Bank, key player in the Romanian banking sector, is listing a new issue of green bonds, worth RON525 million, at the Bucharest Stock... more
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MG TEC Industry Exports 60% Of Paper Production
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Tissue paper manufacturer MG TEC Industry, based in Dej and founded in 2018 by entrepreneur Vasile Hasmasan, distributes 60% of its products to... more
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Burger King Romania’s Turnover More Than Doubles YoY To RON54M In 2021
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US Burger King group, one of the most famous fast-food chains in the world, reported a turnover of RON54 million in 2021 in Romania, more than... more
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Synevo Romania Sees 40% Growth in Revenue to RON447M in 2021
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Synevo Romania, the largest player in the medical laboratory market, posted RON447 million revenue in 2021, up 40% compared with the previous year,... more
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Finance Ministry Raises RON550M From Banks At 9.07% Yield
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Romania's finance ministry raised RON550 million on Thursday (June 23), above the planned level of RON300 million, selling bonds maturing in 2034,... more
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Raffaello Shoes Factory Sees Net Profit Growing Tenfold In 2021 To Over RON7M
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Raffaello Shoes Factory, the largest footwear manufacturer in Romania, held by Italy’s Grisport, reported for 2021 a net profit of nearly RON7.3... more
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Furniture Maker Lemet Investments Reach EUR7M In H1
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LEMET, one of the largest local furniture manufacturers in Romania, has invested more than EUR7 million in the construction of new production... more
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OMV Petrom Starts Production Of Sustainable Aviation Fuel At Petrobrazi
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Beltrame Group Starts Rebar Production After Acquisition Of COS Targoviste
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After the acquisition of COS Targoviste in March this year, AFV Beltrame Group, one of the largest producers of steel bars and special steels in... more

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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?