Authorities issued 66 fines worth RON 43,800. Romanians had a pretty tumultuous electoral weekend. As it happens with every election, there were many incidents and people (candidates and voters alike) conduct was unworthy of a civilised society. Apart from the accidents in which several people were killed, the weekend was dominated by fights and accusations. [...]
The Romanian Orthodox Church celebrates Holy Emperors Constantine and Elena Day on May 21. Over 1.7 million Romanian citizens celebrate their name day on this date. According to data from the General Directorate for Population Records, 675,241 men and 1,098,263 women bear the names Constantin, Elena, or their derivatives, News.ro...
Romania’s construction works volume index surged by 12.2% y/y in Q1 – a performance largely owed to low base effects and the seasonally low activity in the first quarter of the year, according to the statistics office INS. The sector is among the few that propped the overall economic growth in Q1, estimated by the […]
The election of Bucharest mayor Nicușor Dan as Romania's next president will likely pave the way for a new government to address the fiscal risks, although challenges remain "substantial," S&P Global Ratings said, quoted by Bloomberg and Economedia.ro. "Markets will want to see how quickly the new government is formed and how credible its fiscal […]
Asked whether the local currency RON (leu) is still overvalued, the governor of the National Bank of Romania (BNR), Mugur Isărescu, said in the press conference on the Quarterly Inflation Report on May 20 that the national currency is "within a range of balance." The mid-day exchange rate announced by BNR on May 20 marked […]
"The increase in fiscal revenues is inevitable. What matters is how and where it will be done," central bank governor Mugur Isărescu told a journalist during the press conference on the Quarterly Inflation Report on May 20, when asked about the likelihood that an increase in taxes and duties is necessary. Pursuing fiscal consolidation only […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for nearly the entire projection horizon, citing the planned lifting of the energy price capping mechanism at the end of June 2025 and higher core inflation contributions. The updated projections were published in the May 2025 edition of the Quarterly Inflation Report. According […]
