Inflation is an extremely tricky disease that can occur under ‘n’ shapes, on Monday asserted the National Bank of Romania (BNR)’s governor Mugur Isarescu at the “Inflation in past ten years” conference, adding that the inflationary pressure as well as our deficits are largely structural. “If I were to define now, in front of you, whether the inflation is fiscal, monetary, structural, well, as far as we are concerned and we won’t give in to our illusion that we entirely control it, it is an extremely tricky disease that can occur under ‘n’ shapes. And currently, the inflationary pressure and our deficits are structural to a great extent at micro level as well,” Isarescu said. The drop in the crude oil price will be seen in the inflation rate in the next period, the central bank’s governor added. He assessed that within a week it is possible that a 3.5pct inflation be announced. The BNR governor has also referred to the budget drafting for 2019 and said that from his prime minister experience this process is “a fussy arithmetic”. “Our budget construction is a fussy arithmetic. I have known it ever since 2000 when I used to be Prime minister. We had back then 32pct of the GDP [budget revenues, ed. n.] and they used to come to me, systematically, the Finance minister, with demands of budget spending varying between 40pct and 50pct of the GDP. And that was all about negotiation. Where was I supposed to cut so as to have 32pct instead of 40pct in deficit. Is this a macroeconomic balance philosophy? And they used to resort to various kinds of tricks so that each could obtain a large chunk of the spending,” Mugur Isarescu underlined. BNR maintained the inflation prognosis for this year’s end at 3.5pct and raised at 2.9pct, from 2.7pct the prognosis for the next year, on Thursday announced the BNR head, when presenting the Quarterly Report on Inflation.  
The post Central bank’s governor: Inflation, very tricky disease, can occur under ‘n’ shapes appeared first on Nine O' Clock.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
