The annual inflation rate in the European Union rose to 2.7% in May, from 2.6% in April, while Romania is, for the fifth month in a row, the country with the highest inflation in the EU bloc, shows the data published on Tuesday by the European Statistical Office (Eurostat). In May, the EU member states with the lowest annual inflation rates were Lithuania (0%), Finland (0.4%) and Italy (0.8%). At the opposite pole, the EU member countries with the highest inflation rates were Romania (5.8%), Belgium (4.9%) and Croatia (4.3%). Compared to April 2024, the annual inflation rate decreased in 17 member states, including Romania, from 6.2% to 5.8%, remained stable in two countries and increased in 14 member states. In the euro zone, the annual inflation rate stood at 2.6% in May, up from 2.4% in April. Eurostat data show that core inflation, i.e. what remains after the prices for volatile goods such as energy and food are removed, rose to 2.9% in May, from 2.8% in April. Another indicator that, in addition to energy and food prices, also excludes cigarette and alcohol prices, rose to 2.9% in May, from 2.7% in April. Core inflation is the indicator closely followed by the ECB when elaborating its monetary policy decisions. In the case of Romania, the National Institute of Statistics (INS) previously informed that the annual inflation rate dropped, in May 2024, to 5.12%, from 5.9% in April, under conditions in which food commodities they increased in price by 1.24%, non-food by 6.38%, and services by 9.29%.
AnimaWings, the Romanian airline founded in 2020, has introduced new all-inclusive service packages on both international and domestic flights, marking what the company describes as a first in its onboard offering. The packages, named Priority All Inclusive and Priority All Inclusive Plus, combine baggage, meals, drinks, premium seating, and airport priority services into a single […]
Property developer M Core has opened M Park Orăștie, a new retail park developed on a 23,000 sqm plot in an established commercial area of the Romanian city. The project delivers around 5,500 square meters of single-level retail space, designed to accommodate a mix of fashion, homeware, electronics, and everyday essentials retailers. The company said […]
More than 80% of the electricity production capacity of the new nuclear reactors in the works in Romania could power a Black Sea AI Gigafactory project, according to a plan laid out by the government. Romania has already secured financing and partners to develop units 3 and 4 at the Cernavodă nuclear power plant, with […]
The Institute for the Investigation of the Crimes of Communism and the Memory of Romanian Exile (IICCMER) has issued a public appeal to president Nicuşor Dan and prime minister Ilie Bolojan to demonstrate “firmness in decision-making” in order to counter what it describes as an “increasingly insidious phenomenon of pro-totalitarian nostalgia,”
AFI Romania, part of the leading real estate development, management, and investment company operating across Central and Eastern Europe, AFI Group, announced that it secured a EUR 537 million refinancing package for three major projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. The three projects included in the refinancing are among the […]
State-controlled Hidroelectrica (BVB: H2O) allegedly supplied electricity for years to politically connected companies and religious institutions without issuing invoices or collecting payments, according to public data analysed by investigative platform Recorder. The supplies...
