The National Bank of Romania (BNR) has revised upwards, to 3.8%, from 3.5% previously, the inflation forecast for the end of 2025 and anticipates that it will reach 3.1% at the end of 2026, according to data presented on Monday by the Governor of the BNR, Mugur Isarescu."According to the baseline scenario of the macroeconomic projection, the annual inflation rate will continue to fluctuate in the first part of the current year. The indicator will subsequently decrease and return to the target range in the first quarter of 2026, remaining relatively stable in its upper half throughout next year. Structurally, the CPI trajectory is configured by the continuous reduction of core inflation, but in a gradual manner, while the set of exogenous components of the basket will print the volatile profile in the first part of the range, mainly as a result of base effects. Under these conditions, the annual CPI inflation rate will reach 3.8% in December 2025, with a value of 3.1% anticipated for December 2026. Compared to the trajectory published in the November 2024 Inflation Report, CPI inflation is at higher values up to end of the current year (more visible in the first quarters of the year), respectively lower in 2026", reads the Inflation Report of February 2025.According to the cited source, the revision for December 2025 is +0.3 percentage points, determined mainly by price increases at the beginning of the year (tobacco products, services with administered prices), but also by a more pronounced persistent dynamics of core inflation, partially counterbalanced by slightly more optimistic prospects on the LFO segment.The continuously downward trajectory will be supported by the gradual correction of inflation expectations, by the reduction of pressures from the prices of imported goods, as well as by the expectation of the emergence of a demand deficit in the economy as early as the beginning of this year, in the context of the recent fiscal consolidation measures adopted by the authorities.The presentation also shows that the upward revision of the forecast until the end of this year reflects the intensification of recent pressures on the food segment, as well as the maintenance of still large inflationary pressures coming from labor costs.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
