The annual inflation rate in Romania rose to 5.14% in December 2024 from 5.11% in November, as food prices advanced 5.09%, prices for non-food items 4.38%, and services 7.10%, according to data published on Tuesday by the National Institute of Statistics (INS).The December 2024 consumer price index as against November 2024 was 100.29%. The annual inflation rate in December 2024 as against December 2023 was 5.1%. The average rate of change in consumer prices in the last 12 months (January 2024 - December 2024) compared with the previous 12 months (January 2023 - December 2023) was 5.6%.The harmonised index of consumer prices (HICP) in December 2024 compared to November 2024 was 100.25%. The annual inflation rate in December 2024 compared with December 2023 against HICP was 5.5%. The average rate of change in consumer prices in the last 12 months (January 2024 - December 2024) from the previous 12 months (January 2023 - December 2023) against the HICP was 5.8%.The National Bank of Romania (NBR) has revised upwards to 4.9%, from 4% previously, its inflation forecast for the end of 2024 and anticipates that it will reach 3.5% by the end of 2025, according to data released in November 2024 by the governor of the National Bank of Romania, Mugur Isarescu.
The European Commission has approved a payment of EUR 1.27 billion to Romania as part of the National Recovery and Resilience Plan (PNRR) funding worth some EUR 28 billion in total. The rest of the scheduled payment, totaling EUR 870 million, was suspended. Romania’s European funds minister, Marcel Boloș, announced that three objectives included in […]
The tech startups YellowGrid, WiseWatts and Procesio won CleanTech Corporate Hackathon 2025, the first event dedicated to innovators, startups and scaleups creating AI-based technologies and solutions for sustainable energy in South East Europe. YellowGrid, the team that won first place and the EUR 5,000 prize, is composed of Cătălin Stăncel, Sergiu Mureșan, Andrei Antohie and […]
Romanians' trust in the EU is well above the European average, but they occasionally show different priorities compared to those of most Europeans, according to the most recent Eurobarometer survey. The measurement, conducted in the winter and spring of 2025, shows an overall increase in European citizens’ trust in the EU, especially in the areas […]
Romania has dropped four positions in the global Startup Ecosystem 2025 report by StartupBlink. It is now ranked 48th worldwide, and has lost ground in Eastern Europe, where it dropped from 8th to 9th place, after Ukraine advanced one position and Greece two positions, surpassing Romania globally. However, Romania is now 16th in the global AI top […]
The Nufărul geothermal station in Oradea, developed through a European project worth EUR 25 million, was officially inaugurated on Thursday, May 29. The station is the first of its kind in Romania, and builders had to drill approximately 2,800 meters for water. “All extracted water comes to the geothermal station on Iancu de Hunedoara Street, […]
CTP, a leading developer, owner, and operator of industrial and logistics properties, has extended its collaboration with HelpShip, a major e-fulfillment and logistics provider within the euShipments.com group, increasing HelpShip’s leased space to 20,000 sqm at CTPark Oradea Cargo Terminal. The expanded facility will serve as the company’s main fulfilment center. With HelpShip’s growth from […]
