EU annual inflation rate dropped in September to 2.1% from 2.4% in August, but Romania is the country with the highest inflation rate in EU for the seventh month in a row and an annual price growth of 4.8%, according to data released by Eurostat on Thursday. In September, EU member states with the lowest annual inflation rate were Ireland (0%), Lithuania (0.4%), Slovenia and Italy (borht with 0.7%). At the opposite pole the EU member states with the highest inflation rates were Romania (4.8%), Belgium (4.3%) and Poland (4.2%). Compared to August 2024 data, the annula inflation rate dropped in 20 member states, Romania included, from 5.3% to 4.8% , remained stable in 2 countries and went up in 5 member states. In the euro zone, the annual inflation rate dropped from 2.2% in August to 1.7% in September. Also, Eurostat sata show that core inflation dropped slightly from 2.8% to 2.7%. Another indicator which, besides prices for energy and food, excludes prices for cigarettes and alcohol, dropped slightly from 2.8% to 2.7%. Core inflation is the indicator attentively monitored by CEB in elaborating its monetary policy decisions. In Romania's case, the National Statistics Institute (INS) informed last week, that the annual inflation rate went down to 4.62% in September 2024 from 5.1% in August, in conditions in which food prices went up by 4.72%, non food by 3.3% and services by 7.88%. “Consumer price prices in September 2024 against August 2024 was 100.33%. The inflation rate at the beginning of the year (September 2024 compared to December 2023) was 3.8%. The annual inflation rate in September 2024 compared to September 2023 was 4.6%. The average rate of consume price change in the last 12 mo ths (October 2023-September 2024) against the previous 12 months (October 2022- September 2023) was 6.1%, INS informs. According to the mentioned source, the consumer price index in September 2024 compared to August 2024 was 100.40%. The annual inflation rate in September 2024 compared to September 2023 calculated based on the consumer price index was 4.8%. The average rate of consumer price changes in the last 12 months (October 2023-September 2024) against the previous 12 months (October 2022 -September 2023) was 5.4%. The National Bank of Romania (BNR) reviewed as dropping the inflation prognosis for the end of 2024 from 4.9% to 4%and anticipates it will reach 3.4% at the end of 2025, according to data presented in August by BNR governor Mugur Isarescu. According to the presentation, the tendency of dropping inflation rate will continue , but the disinflation rate is anticipated to slow down visibly. “The trajectory is marked by variations, induced by basic effects associated to past evolutions: indirect tax increases in January 2024 with favorable effect in January 2025; corrections of natural gas prices and those of vegetables, fruit, eggs in quarter 2, 2024, with unfavorable effect in quarter 2, 2025; fuel excise increase in July 2024 with favorable effect in July 2025,” the quarterly report on inflation shows.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
