Over the last two decades, prices of fuel and lubricants for personal transport in the EU have been extremely volatile, with annual inflation rates ranging from -20% to +20%. This volatility has recently become very pronounced, with the annual rate of change climbing from a low of -20% in May 2020 to +23% in September 2021. The most recent peak and valley of similar magnitude were recorded a decade ago, with the annual rate of change climbing from a low of -19% in July 2009 to a peak of +20% in March 2010. In September 2021, Luxembourg recorded the highest annual rate of change among the EU countries (+31%). It was closely followed by Romania (+29%) and Slovenia (+29%). On the other hand, the lowest annual inflation rates were recorded in Ireland (+15%), Italy, Finland and Greece (all +18%). These data are released by Eurostat, the statistical office of the European Union.
Elena Oancea is the Co-CEO of Goldbach Group, a Romanian holding comprising 8 companies operating in sectors such as the development of retail parks, property management, civil and industrial construction, real estate development, architecture and urban planning, interior design, renewable energy, consultancy for projects financed by European funds. Driven by a clear vision of strategic innovation […]
Cosmin Florin Dumitrache, a shepherd from Romania’s Prahova County, notified the Prahova County Museum of History and Archaeology after he discovered a skull in the Vârful Scoruș area, at Urlați. The bones turned out to be 5,000 years old years old. A team of specialists from the museum carried out an archaeological intervention to salvage […]
Crin Antonescu, the candidate backed by the ruling coalition in Romania, raised RON 20 million (EUR 4 million) for the ongoing presidential campaign, according to data published by the Permanent Electoral Authority on Friday, April 11. Of the RON 20 million, the Social Democratic Party raised RON 15 million for Antonescu’s campaign, followed by UDMR, […]
Frequenza Festival will bring a mix of classical and contemporary chamber music to Bucharest next month. Hosted at the Auditorium Hall of the National Museum of Art of Romania between May 22 and 25, the festival will feature four evening concerts performed by a lineup of international musicians. The festival’s artistic directors are the renowned […]
Romania is set to be part of an Important Project of Common European Interest (IPCEI) on nuclear energy announced this week by Stéphane Séjourné, Vice-President of the European Commission responsible for industrial strategy. The project developed by France with Romania and Italy includes small modular reactors, advanced reactors, uranium management, supply, research on nuclear fusion, […]
Victoriabank, a subsidiary of Romania’s Banca Transilvania Group, has signed an agreement to acquire Microinvest, the leading non-bank microfinance institution in the Republic of Moldova. The deal, announced Thursday in Chișinău, marks the group’s latest expansion into the Moldovan market, following Victoriabank’s recent merger with BCR Chișinău. The transaction is subject to approval by regulatory […]
