• Macroeconomic confidence index up in October due to expectations component

    The CFA Romania macroeconomic confidence index reached 69 points this October, up 4.1 points from the previous month, shows a release of CFA Romania to AGERPRES.

    “The increase was due to the expectations component. Thus, the current conditions index was 67.5, similar to the level registered in the previous reporting period, and the expectations index advanced 6.2 points to 67.9 points,” reads the release.

    As for the euro/leu exchange rate, the median expectation is 4.4500 for a 6-month horizon (similar to the level registered in the previous reporting period).

    The expected inflation rate for the 12-month horizon (October 2016/October 2015) registered a median value of 0.65 percent (as to 1 percent in the previous reporting period).

    CFA Romania is the association of Romania’s investment professionals who hold the Chartered Financial Analyst’s title, a qualification managed by U.S.-based CFA Institute, which joins 144 members worldwide. CFA Romania has over 160 members. More…

  • Macroeconomic confidence index, up in September, due to current conditions

    CFA Romania’s macroeconomic confidence index recorded the value of 64.9 points in September 2015, up 2 points compared to the previous month, according to a CFA Romania press release issued for AGERPRES.

    “The increase was owed to its current conditions component. Thus, the current conditions index was 67.5, up 5.9 points from the previous exercise, and the forecast indicator remained at 63.5,” the release reads.

    As to the euro / leu exchange rate, the median values of expectations for the two periods of time considered recorded an anticipated exchange rate of 4.4500 lei for one euro in the 6-month period (similar to the value recorded in the previous exercise) and 4.4650 lei for one euro respectively, in slight increase from the previous exercises.

    The forecast inflation rate for 12 months (July 2015 to July 2016) saw a median value of 1.25pct (0.25pct in the previous exercise). More…

  • CFA: Macroeconomic confidence index surges up to 70.7, marking historic record

    The macroeconomic confidence index recorded an increase of 2.6 points in April 2015 from the previous month, hitting 70.7 points, which is a new record, shows data referred this Monday to AGERPRES by CFA Romania.

    The macroeconomic confidence index is calculated on a scale ranging from zero (no confidence) to 100 points (full confidence in the Romanian economy), based on six questions concerning the current conditions in the business environment and the labor market, and one-year ahead expectations for the business milieu, the labor market, the evolution of personal incomes referenced to the economy and the evolution of personal wealth.

    The increase was mainly due to the current conditions of the index. Thus, the current conditions index was 59.8 (historic record), up 6 points compared to the value registered in the previous survey period, and the expectations index also increased up to 76 (new record), by 0.9 points over the March level. More…

  • European Commission opens macroeconomic imbalance procedure for Romania

    The European Commission has decided to start the macroeconomic imbalance procedure (MIP) for Romania (and Portugal), two of the 16 countries identified in November 2014 as recording economic imbalances, the EC announced on Wednesday in a press release. More…

  • Bulgarian Finance Ministry Projects 0.8% Real GDP Growth in 2015

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    Sofia, November 27 (BTA) – The Bulgarian Finance Ministry has updated its autumn macroeconomic forecast, its press office said on Thursday.
    Real GDP growth is projected at 0.8 per cent in 2015, 1.5 per cent in 2016, and 2.3 per cent in 2017. Consumption will rise by 0.5 per cent of GDP in 2015. Export of goods and services will increase by 2.9 per cent, and import by 2.3 per cent, according  to the updated forecast.
    The unemployment rate is projected at 11.7 per cent. Annual average inflation is 0.1 per cent. The current account will stand at 1.8 per cent of GDP. The trade balance will be in a
    deficit of 7.3 per cent of GDP. MORE