The inflation annual rate in the EU dropped in March down to 2.6% from the level of 2.8% in February and one of 3.1% in January, but Romania, for the third time in a row is the country with the highest level of inflation in the community block, show the data published on Wednesday by Eurostat.In March, the EU member states with the lowest annual rates of inflation were Lithuania (0.4%), Finland (0.6%) and Denmark (0.8%). At the other end, the EU member states with the highest rates of inflation were Romania (6.7%), Croatia (4.9%) and Estonia and Austria (both with 4.1%). Compared to February 2024, the inflation annual rate dropped in 13 member states including Romania from 7.1% down to 6.7%, was stable in four countries and increased in ten member states.IN the euro zone, the inflation annual rate dropped from 2.8% in January to 2.6% in February, and in March got to 2.4%. Similarly, the Eurostat data show that core inflation, namely what is left after eliminating the prices for volatile goods, as well as energy and food, dropped down to 3.1% in March, from 3.3% in February. Another indicator which, besides the prices for energy and food, excludes prices for cigarettes and alcohol, dropped down to 2.9% from 3.1% in January. The core inflation is the indicator followed carefully by BCE for the drawing up of its decisions for monetary policy.In the case of Romania, the National Institute for Statistics (INS) informed that the inflation annual rate dropped in March 204 at 6.61% from 7.23% in February, as food got more expensive by 2.81%, non-food with 8.06% and services by 10.20%.According to the quoted source, the harmonised indicator of consumption prices in March 2024 compared to February 2024 was 100.45%. The inflation annual rate in March 2024 compared to March 2023 calculated on the basis of the harmonized indicator of consumption prices (IAPC) was 6.7%. The average rate of modification of consumption prices over the last twelve months (April 2023 – March 2024) against the previous twelve months (April 2022 – March 2023) determined on the basis of IAPC was 8.3%. The National Bank of Romania (NBR) has revised down to 4.7% its inflation forecast for the end of this year, from 4.8% in November, and expects it to reach 3.5% by the end of 2025, according to data presented in February by Central Bank’s Governor Mugur Isarescu.
The president of S.O.S. Romania, Diana Iovanovici Șoșoacă, announced on Monday, June 30, that three senators were expelled from the party, effectively disbanding the party’s group in the Senate. According to the Romanian Parliament’s regulations, a party must have more than seven members to establish a group in the Senate. With the expulsion of the […]
Chinese social media platform TikTok has reportedly opened a branch in Romania, following public criticism, along with governmental and EU-level scrutiny, after Romania’s last presidential elections. The local company is called Tik Tok Romania, has a share capital of RON 5,000, and provides other IT-related service activities. It will be managed by Laura Andreea Savu, […]
Private eye care network Dr. Holhoș has opened an ophthalmology hospital in Alba Iulia following a EUR 6 million investment. The hospital, which the company says is the largest of its kind in Transylvania, has four operating rooms and 23 beds. When fully operational, it will offer the full range of eye surgeries. The hospital […]
Cyber_Folks Romania, part of the international Cyber_Folks group, has announced the acquisition of Hosterion, one of the leading independent web hosting providers in the local market, in a transaction worth EUR 6.7 million. Cyber_Folks said the move aims to expand its operational capacity and consolidate its leadership in the local digital infrastructure, cloud, and scalable […]
Romanian students won three gold medals and one silver medal at the Balkan Physics Olympiad, which took place between June 26–30 in North Macedonia. The event, hosted by the city of Ohrid, brought together 62 students from 16 countries and is the only physics olympiad dedicated exclusively to juniors. Earlier this year, Romanian students also […]
Seven internationally acclaimed artists, including American actors Bill Murray and Kathleen Turner, were honored on Saturday, June 28, with stars on the Walk of Fame in Sibiu, Romania, as part of the International Theatre Festival (FITS), News.ro...
