The annual inflation rate in the European Union decreased in August to 2.4%, from a level of 2.8% in July, and Romania is, for the sixth month in a row, the country with the highest inflation in the bloc community, with an annual price advance of 5.3%, according to the data published on Wednesday by Eurostat. In August, the EU member states with the lowest annual inflation rates were Lithuania (0.8%) and Latvia (0.9%). At the opposite pole, the EU member countries with the highest inflation rates were Romania (5.3%), Belgium (4.3%) and Poland (4%). Compared to the data from July 2024, the annual inflation rate decreased in 20 member states, including Romania from 5.8% to 5.3%, remained stable in one country and increased in six states members. In the euro area, the annual inflation rate decreased from 2.6% in July to 2.2% in August. However, Eurostat data shows that core inflation, i.e. what remains after prices for volatile goods such as energy and food are removed, remained stable at 2.8%. Another indicator that, in addition to energy and food prices, also excludes cigarette and alcohol prices, decreased slightly, from 2.9% to 2.8%. 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) reported last week that the annual inflation rate dropped, in August, to 5.1%, from 5.42% in July, as food commodities they increased in price by 4.25%, non-food by 4.35%, and services by 8.60%. The harmonized consumer price index in August 2024 compared to July 2024 was 100.28%. The annual inflation rate in August 2024 compared to August 2023 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) was 5.3%. 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) determined on the basis of the HIPC was 6.7%. The National Bank of Romania (BNR) revised down the inflation forecast for the end of 2024 to 4%, from 4.9% previously, and anticipates that it will reach 3.4% at the end of 2025, according to the data presented in August by the governor of the BNR, Mugur Isarescu.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
