1. The Consumer Price Index (CPI) – indicator for determining inflation at national level ? Consumer prices were up 0.6% in February 2022 from January 2022. ? The inflation rate since the beginning of the year (February 2022 compared to December 2021) is 2.1%. ? The annual inflation rate in February 2022 compared to February 2021 is 8.5%. ? The average consumer price rate over the last 12 months (March 2021-February 2022) as compared to the previous 12 months (March 2020-February 2021) is 6.0%. 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 February 2022 compared to January 2022 is 101.04%. ? The HICP-based annual inflation rate in February 2022 compared to February 2021 is 7.9%. ? The HICP-based average consumer price rate over the last 12 months (March 2021-February 2022) as compared to the previous 12 months (March 2020-February 2021) is 5.0%. Romania's annual inflation rose to 8.53% in February 2022, from 8.35% in January, as prices for non-food goods rose by 9.33%, for foods by 8.84%, and for services by 6.08%, according to data published on Monday by the National Institute of Statistics (INS)."Consumer prices in February 2022 compared with January 2022 increased by 0.6%. Inflation at the beginning of the year (February 2022 compared to December 2021) is 2.1%. The annual inflation rate in February 2022 as against 2021 is 8.5%. The average increase rate in consumer prices in the last 12 months (March 2021 - February 2022) as against the previous 12 months (March 2020 - February 2021) is 6.0%," according to INS.The Harmonised Index of Consumer Prices (HCIP) in February 2022 is 101.04% over January 2022. The February 2022 annual inflation against HICP is 7.9%. The average rate of consumer prices in the last 12 months (March 2021 - February 2022) compared with the previous 12 months (March 2020 - February 2021) against HICP is 5.0%.The National Bank of Romania (BNR) is expecting inflation to surge to 11.2% at the end of the Q2 2022, 10.2% at the end of Q3 2022, and 9.6% at the end of Q4 2022, according to its Quarterly Inflation Report published at the end of the last week.
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
Coca-Cola celebrated 30 years of production at its Timișoara plant, in western Romania, by announcing a RON 5 million (roughly EUR 1 million) investment in a solar park, the company’s first renewable energy facility in Romania. The new solar installation will cover about 20% of the factory’s electricity needs and cut carbon dioxide emissions by […]
Solar Open Day brought the public closer to a new photovoltaic park. On September 17, the Romanian Photovoltaic Industry Association (RPIA) organized in Călugăreni, Giurgiu County, the third edition of the event, which has already become a landmark for the solar energy industry. This year’s host was PPC Renewables Romania, which opened the doors of […]
