The annual inflation rate rose to 5.45% in May 2025, from 4.9% in April, as services rose by 7.09%, foodstuffs by 6.53% and non-food items by 4%, according to data published on Thursday by the National Institute of Statistics (INS)."The consumer price index was 100.46% in May 2025 against April 2025. The inflation rate since the beginning of the year (May 2025 compared to December 2024) was 2.6%. The annual inflation rate was 5.5% in May 2025 compared to May 2024. The average rate of change in consumer prices was 5.0% in the last 12 months (June 2024 - May 2025) compared to the previous 12 months (June 2023 - May 2024)," the INS press release states.According to the INS, the harmonized consumer price index was 100.49% in May 2025 compared to April 2025. The annual inflation rate was 5.4% in May 2025 compared to May 2024 calculated on the basis of the Harmonized Index of Consumer Prices (HICP). The average rate of change in consumer prices in the last 12 months (June 2024 - May 2025) compared to the previous 12 months (June 2023 - May 2024) determined on the basis of the HICP was 5.2%.The National Bank of Romania (BNR) has revised upwards, to 4.6%, from 3.8% previously, the inflation forecast for the end of 2025 and anticipates that it will reach 3.4% at the end of 2026, compared to 3.1% in the previous forecast, according to data The 2025 edition of the Transilvania International Film Festival (TIFF) kicks off in Cluj-Napoca on Fridaypresented in May by the governor of the BNR, Mugur Isarescu.He mentioned that the BNR will work with the new Government to find the optimal solutions that can bring inflation down, based on a sustainable and gradual reduction of the public deficit, but without having an economic recession.The National Bank of Romania also anticipates 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.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
