1. The Consumer Price Index (CPI) – indicator for determining inflation at national level - Consumer prices were up 0.7% in December 2021 from November 2021. - The annual inflation rate in December 2021 compared to December 2020 is 8.2%. - The average consumer price rate over the last 12 months (January 2021-December 2021) as compared to the previous 12 months (January 2020-December 2020) is 5.1%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation at the level of EU Member States - The Harmonised Index of Consumer Prices in December 2021 compared to November 2021 is 100.51%. - The HICP-based annual inflation rate in December 2021 compared to December 2020 is 6.7%. - The HICP-based average consumer price rate over the last 12 months (January 2021-December 2021) as compared to the previous 12 months (January 2020-December 2020) is 4.1%. Out of the food products, the ones that increased the price the most were: eatable oil by 27.17% in December 2021 over December 2020 (and by 1.36% against November 2021), oil, bacon, fats, by 24.82% in December 2021 against December 2020 (and by 1.34% against November 2021) as well as potatoes by 24.89% in December 2021 against December 2020, and by 4.42% against November 2021. For this category, the only products which got cheaper were citrus fruits and Mediterranean fruit which got cheaper by 3.1% in December 2021 against November 2021. Similarly, for non-food products, most expensive have become natural gas by 51.57% in December 2021 against December 2020 and by 1.44% against November 2021. Electricity, gas and central heating got more expensive by 28.10% in December 2021 against December 2020 and by 3.91% against November 2021. Fuel got more expensive by 22.45% in December 2021 against December 2020 and got cheaper by 0, 78% against November 2021. As for services, in December 2021 against December 2020 postal services got most expensive by 22.5% and by 16.08% against November 2021. Air transport got cheaper by 6.38% in December 2021 against December 2020 but it got more expensive by 19.79% against November 2021.
Romania has dropped ten positions in the 2025 ranking conducted by the defense-focused publication Global Firepower, which compiles a list of the world's most powerful armies based on various indicators every year. In 2024, Romania was ranked 41st in the list of 145 countries, while now it is ranked 51st, with a power ranking of […]
The 19th Gopo Awards Gala, celebrating the achievements of Romanian cinema, will take place on April 29 in Bucharest, according to an announcement by the Romanian Film Promotion Association. A total of 38 feature films, including fiction and documentaries released in 2024, have met the eligibility criteria and are now in the running for nominations. […]
NXP Semiconductors N.V. secured a EUR 1 billion loan from the European Investment Bank (EIB) for the company’s research, development, and innovation (RDI) projects in Austria, France, Germany, The Netherlands, and Romania. The financing will support NXP’s RDI projects aimed at various end markets including automotive, Industrial, and Internet of Things (IoT) for the period […]
Bucharest's two main airports, namely the Henri Coandă International Airport and Aurel Vlaicu Bucharest-Băneasa International Airport, recorded air traffic of over 16 million passengers in 2024, an increase of 9.22% compared to 2023. Additionally, there were 134,700 aircraft movements (landings and takeoffs), up 4.75% from 2023, according to data from the Bucharest National Airports Company […]
Romanian tennis player Jaqueline Cristian, ranked 82nd in the world, advanced to the third round of the Australian Open on Thursday, January 16, after defeating Italy's Lucia Bronzetti in two sets 7-5, 7-5. The match lasted two hours and four minutes, according to News.ro. This marks the...
The corporate branch in Romania of PKO Bank Polski, the leader of the Polish banking system, will begin its operational activity on the local market in 2025, according to Ziarul Financiar. The Romanian daily announced in October 2023 that PKO Bank, the largest bank in Poland, with assets equivalent to 70%...
