The annual inflation rate in Romania fell in August 2024 to 5.1% from 5.42% in July, as food prices rose by 4.25%, non-food prices by 4.35%, and services prices by 8.60%, according to data published on Wednesday by the National Institute of Statistics (INS).The consumer price index in August 2024 versus July 2024 was 100.23%. The inflation rate at the beginning of the year (August 2024 against December 2023) was 3.4%. The annual inflation rate in August 2024 compared to August 2023 was 5.1%. The average rate of change in consumer prices in the last 12 months (September 2023 - August 2024) compared to the previous 12 months (September 2022 - August 2023) was 6.5%.The harmonised index of consumer prices (HICP) in August 2024 compared with July 2024 was 100.28%. The annual inflation rate in August 2024 compared with August 2023 calculated against the HICP was 5.3%. The average change in consumer prices in the last 12 months (September 2023 - August 2024) compared with the previous 12 months (September 2022 - August 2023) computed against the HICP was 6.7%.The National Bank of Romania (NBR) has revised downwards, from a previous 4.9% the inflation forecast for the end of 2024 and anticipates that it will reach 3.4% by the end of 2025, according to data released in August by Governor of the National Bank of Romania Mugur Isarescu.According to the presentation, the downward trend in the inflation rate will continue over almost the entire projection range, but the pace of disinflation is expected to slow down visibly in the second part of it.
The Romanian government is expected to decide this week whether to declare Saturday, April 26, a national day of mourning in memory of Pope Francis, who passed away at the age of 88. According to Euronews Romania, the proposal will be discussed and approved during the upcoming cabinet meeting scheduled for Thursday, April 24. The […]
American cryptocurrency-based prediction market Polymarket, a platform where investors can place bets on various future events, predicts that the candidate of the PSD-PNL-UDMR ruling coalition in Romania, Crin Antonescu, is likely to win the presidential elections with his odds at 36%. As regards the first round, Polymarket predicts far-right candidate George Simion (AUR) would dominate […]
Some 51% of the Romanians say they are in favor of progressive taxation of salaries and accession to the euro. Meanwhile, 44% agree with reunification with the Republic of Moldova, according to a recent survey conducted by AtlasIntel for Hotnews.ro. According to the poll, only 4% of Romanians agree with Romania's exit...
BICO Industries, a construction materials producer controlled by the ROCA Industry holding with 60%, has signed a contract with the Environmental Funds Administration (AFM) to finance the construction of a factory for the production of non-woven fiberglass material by recycling fiberglass waste resulting both from its current activity (production of fiberglass mesh for reinforcing thermal […]
Biopharma Plasma of Ukraine is reportedly preparing the construction of a factory in western Romania at Oradea, where it would produce medicines by processing plasma, according to Economedia.ro and
Hungarian railway company Train Europe has acquired a 76% stake in Romanian rolling stock manufacturer Petroutilaj-3DRD from French firm Chemins de Fer Départementaux (CFD), Ziarul Financiar reported in April, citing a transaction finalised in January 2025. The acquisition marks a strategic expansion...
