The National Bank of Romania (BNR) forecasts that the annual inflation rate will stand at 5.1% at the end of the second quarter of 2025, and will decrease to 3.3% at the end of the first quarter of 2027, according to the Quarterly Inflation Report, May 2025 edition."According to the updated forecast, the annual CPI inflation rate is expected to fluctuate slightly in the short term, with a marginal increase in the second quarter, up to 5.1% in June 2025, an anticipated level also in September. The indicator will resume its downward trend starting from the fourth quarter, reaching 4.6% in December 2025 and will return to within the target range in the third quarter of 2026. Subsequently, the annual inflation rate will remains relatively stable, located in the upper half of the target range. The forecast value for the end of 2026 is 3.4%. In the context of the expiration of the electricity price cap scheme on June 30 this year, the forecast includes the hypothesis of a 15% increase in July, which is however burdened with upside risks," the Report says.Compared to the forecast published in the February Inflation Report, the annual CPI inflation rate is at higher values throughout the projection range, except for the second quarter of 2025.The BNR mentions that the revisions are +0.8 percentage points in December 2025 and +0.3 at the end of next year. Higher contributions are forecast for core inflation over the entire projection period and electricity in the second half of this year and the first half of next year, partially offset in 2025 by lower fuel inflation. Despite these upward revisions, the balance of risks is assessed to remain tilted to the upside in the inflation rate from the values forecast in the baseline scenario.
The network of clinics founded by Dr. Daniela Ionescu will open its fourth unit, the Suvenir Clinic, a multidisciplinary center specializing in the diagnosis and treatment of respiratory problems. The clinic, set to open in September of this year in Bucharest, adds to a network that already includes units in Brașov and Constanța. The total […]
Directors Lina Vdovîi and Radu Ciorniciuc were awarded the Krakow International Film Festival's Silver Horn Award for a socially relevant film for their documentary Dad/ Tata. This is the duo’s second win at the festival. In 2020, they took home the Golden Horn for best documentary film for Acasă - My Home, directed by Radu […]
The president of Ukraine, Volodymyr Zelensky, invited Romanian counterpart Nicușor Dan to Ukraine ahead a bilateral meeting during the Bucharest 9 Summit in Vilnius on Monday, June 2. Zelensky made brief statements to the press upon arrival at the summit, saying that “Romania is very important” to Ukraine. He indicated that he will talk with […]
Romania’s "Regele Ferdinand" (King Ferdinand) frigate is currently on rescue mission in the Mediterranean Sea, looking into the disappearance of a military master technician part of its crew. Master Sergeant Class II Viorel Culea, 46, an electromechanical specialist, was last seen on board the ship on the morning of June 1, around 04:30. The Romanian […]
The Dutch government expects to reimburse Romania for the golden helmet of Coțofenești and the three gold bracelets stolen from the Drents Museum in Assen in January of this year. The value of the reimbursement stands at around EUR 5.7 million, and the reimbursement was confirmed by the Dutch Ministry of Education, Culture and Science for […]
The fifth edition of the Jazz Cave Festival will take place in Vâlcea County, southern Romania, between August 14 and 17, bringing over 22 bands from Europe, Africa, and South America to perform on four stages. This year, the event will be held in three concept-zones. The underground stages INNERLAND and KIDS CORNER, the latter […]
