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.
The 2025 edition of Bucharest Sculpture Days opens on April 26 with a new theme that places the human body at the center of contemporary artistic debate. Titled #celălaltcorp (the other body), the exhibition explores how identity, trauma, politics, and technology reshape the understanding of the body in modern society, the organizers said. Running until […]
More than 2,200 applications for the new electronic identity cards have been submitted across Romania's Cluj County in the last month, according to an announcement from the Cluj County Council. Between March 20 and April 20, a total of 2,219 applications were recorded at public community services across the county. The Cluj-Napoca office received the […]
The construction of the first road bridge over the Prut River built in the last 35 years, connecting the Republic of Moldova to Romania, is set to begin this Saturday, April 26, in Ungheni. The bridge is part of the future A8 motorway that will connect Chişinău to Iaşi and Paşcani, and further on will […]
The Romanian government is expected to decide this week whether to declare Saturday, April 26, a national day of mourning in memory of Pope Francis, who passed away at the age of 88. According to Euronews Romania, the proposal will be discussed and approved during the upcoming cabinet meeting scheduled for Thursday, April 24. The […]
American cryptocurrency-based prediction market Polymarket, a platform where investors can place bets on various future events, predicts that the candidate of the PSD-PNL-UDMR ruling coalition in Romania, Crin Antonescu, is likely to win the presidential elections with his odds at 36%. As regards the first round, Polymarket predicts far-right candidate George Simion (AUR) would dominate […]
Some 51% of the Romanians say they are in favor of progressive taxation of salaries and accession to the euro. Meanwhile, 44% agree with reunification with the Republic of Moldova, according to a recent survey conducted by AtlasIntel for Hotnews.ro. According to the poll, only 4% of Romanians agree with Romania's exit...
