The annual inflation rate in October 2024 compared to October 2023 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) was 5%.
The central bank decided to lower the key interest rate twice this year, in July, from 7% per annum to 6.75% per annum, and in August to 6.5% per annum.
Significant disparities in tax rates and competitiveness indicators across the CEE region.
More than half of the respondents (57%) believe that it is very likely that our country will face an economic crisis in 2024.
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
Inflation is expected to miss the target in 2024-2025, with the NBR cutting rates to 6% in 2024 and 4.5% in 2025.
Both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.
In 2024, Romania's economy is expected to continue its growth trend, but at a more moderate pace.
Without measures to support consumption, Romania risks losing its most important engine of economic growth.
The annual inflation rate dropped in February 2024 to 7.23%, from 7.41% in January.
Banca Transilvania recorded positive results in the first nine months of the year, mainly driven by organic growth, customer activity and volume of operations.
VGP leases 4,580 sqm to Rondocarton Romania for storage operations at VGP Park Timișoara.
Digi Communications consolidated revenues and other income in Q3 2024 increased 13.6% YOY, reaching €492.5 million, resulting in €1.414 billion in revenues generated in 9M 2024.
Under his leadership, Bog'Art Building Management aims to elevate industry standards by leveraging the expertise and strengths of the Bog'Art Group in construction.
The main challenges of business services companies are the rising labor costs, the recruitment process and the retention of experienced employees.