The annual inflation rate is expected to continue its pronounced upward trend up to mid next year, and implicitly will rise above the target interval and values previously predicted, mainly as an effect of the ample increases anticipated to be noted in the price of energy products in Q4 2021 and Q1 2022, shows the National Bank of Romania (BNR), in a release.According to the BNR, important sources of uncertainty and risks remain, at the same time, the conduct of fiscal policy, as well as the absorption of European funds, with priority of those referring to the Next Generation EU programme, including in the context of the political crisis, given, among others: the unknowns regarding the second budget revision this year and the coordinates of the budget draft for 2022, which would attest the acceleration in perspective of the fiscal consolidation, according to the commitments assumed in the context of the excessive deficit procedure; the legal and technical procedures that must be finalized to obtain pre-financing from funds coming from the National Recovery and Resilience Plan (PNRR), together with the targets and benchmarks that condition the receiving of later tranches of financing.Wave four of the pandemic and the restrictive measures associated continue, also, to generate uncertainties and great risks on predictions, especially in near perspective, in the context of the grave public health crisis provoked internally and the potential implications on economic activity and the labor market, but also on the backdrop of its extension in other European states, strongly affected by the energy crisis and the persistence of blockages in production and supply chains.BNR mentions that it is monitoring carefully the developments of the internal and international environment and is ready to use the instruments at its disposal in view of fulfilling the fundamental objective regarding the stability of prices on the medium-term.
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The local Google team now counts more than 400 people, having grown from a small staff of a few employees in November 2010, when the US company opened an office in Bucharest. The Bucharest technology hub is currently Google’s largest wearables development center in the EMEA (Europe, Middle East, and Africa) region, and the solutions […]
On Thursday, October 30, 2025, over 150 board members, executives, and thought leaders gathered at the InterContinental Athénée Palace Bucharest for the Future of Boards Awards Gala 2025, organized by Envisia, the first business school in Central and Eastern Europe dedicated to the professionalization of board members and governance leaders. The event recognized responsible leadership […]
STIRIXIS Group’s projects were awarded as the best in their category in Greece and were shortlisted for the European Awards of the International Property Awards 2025, to be presented in January. STIRIXIS Group, the Greek strategic design company with an international presence in 29 countries and more than 850 projects worldwide, was honored in London […]
Romanian studio Amber collaborated with Amazon Game Studios and Death Row Games on the development of Courtroom Chaos: Starring Snoop Dogg, an AI-animated video game in which the rap artist appears in the role of a judge, Startupcafe.ro reported. In the game, up to six participants can play using only mobile phones, which connect to […]
Germany will provide more than EUR 500,000 this year to support teachers working in German-language education across Romania, the German Embassy in Bucharest announced. Through the Embassy, Germany is funding the project “Support for Teachers in German-Language Education in Romania” with a total of EUR 505,000. The initiative aims to promote the German language as […]
