November 24, 2025 UPDATE (1)
A roundup of local and world news
Newsroom, 24.11.2025, 16:29
FISCAL POLICY – Fiscal policy remains the main risk to inflation and Romania’s financial stability in 2026, according to CFA Romania Association, following a survey conducted among its members. According to the Association, over the next 12 months, the inflation rate will reach 6.26%, and the average value of the Euro will be 5.2 lei. Financial analysts also estimate a budget deficit of 7% of GDP, down from over 8% for 2025. Economic growth forecasts are optimistic and indicate an increase of nearly 1% in 2026 compared to only 0.6% for this year. Under these circumstances, most experts predict stagnation in prices of residential properties in urban areas, although they admit these are currently overvalued. Additionally, public debt is forecast to increase to 62% of GDP next year, from 59% currently, and Romania will remain in the investment-recommended rating category.
CULTURE – The Romania-Italy Cultural Year was today presented in the Italian Parliament. On this occasion, dozens of events dedicated to Romanian culture in Italy and Italian culture in Romania will take place. Romania’s Ambassador to Rome, Gabriela Dancău, said that “the close ties between Romania and Italy is not a coincidence of history, but a conscious, reiterated and profoundly European choice”. According to the Romanian ambassador, the Romania-Italy Cultural Year represents a commitment to a common future, an exercise in reciprocity and a concrete manifestation of shared belonging in Europe. Held under the high patronage of the President of Romania, Nicușor Dan, and the President of Italy, Sergio Mattarella, the Romania-Italy Cultural Year is structured in two complementary semesters. The Romanian inaugural semester will open on December 1, Romania’s National Day, with a gala concert performed by the Bucharest National Opera at the Opera House in Rome. (VP)
