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Search resuls for: "Luiza Ilie Gergely Szakacs"


2 mentions found


☆ Analysis: Central Europe's path to lower inflation strewn with hazards
  + stars: | 2023-01-10 | by ( Luiza Ilie Gergely Szakacs | Luiza Ilie | Gergely Szakacs | ) www.reuters.com   time to read: +6 min
The Romanian central bank said slower economic growth and cheaper energy would help bring inflation down to single digits this year from over 16% now, earlier than previously forecast. "So the main question is when inflation in the region will fall enough that central banks will be willing to start normalising monetary conditions." Inflation is still expected to rise in early 2023 in some central European countries, based on central bank forecasts, before returning to single-digit territory by year-end. "This will help to improve external positions and lower inflation pressures in Central and Eastern Europe." "Given the dovish bias around the growth-inflation trade-off at Poland's central bank, we think the risk of premature policy easing is greatest there."
☆ Romania quietly catches up with richer neighbours, helped by EU cash
  + stars: | 2023-01-09 | by ( Luiza Ilie Gergely Szakacs | Luiza Ilie | Gergely Szakacs | ) www.reuters.com   time to read: +6 min
While Budapest and Warsaw are haggling with the bloc over rule-of-law strings attached to billions worth of pandemic recovery funds, Romania has already drawn down over 6 billion euros in grants and cheap loans. Prime Minister Nicolae Ciuca has said the government aims to tap more than 10 billion euros a year, equivalent to about 4% of GDP, of about 90 billion euros of EU funding available to Bucharest through to 2027. RESHORINGCompanies reshoring from Russia and Ukraine to nearby low-cost manufacturing hubs partially helped push foreign direct investment to 9.39 billion euros in January-October, the largest 10-month figure since Romania joined the EU. "We are optimistic that investment will rise in coming years, also encouraged by EU funds," said Alex Milcev, head of Tax and Legal at E&Y Romania. And relations with the EU are not always smooth: in December, Austrian opposition over unauthorised immigration kept Romania out of Europe's borderless Schengen area.
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