The National Bank of Romania (BNR) has worsened its inflation forecast to 12.5% by the end of 2022, estimating inflation at 6.7 by the end of 2023, according to data released by BNR Governor Mugur Isarescu on Thursday.In February 2022, BNR estimated an inflation rate of 9.6% for the end of 2022 and 3.2% for 2023.According to BNR, in the medium term, inflationary pressures related to production costs are expected to gradually decrease, but their effects will persist for 12 more months at the level of the annual CPI inflation rate.According to the presentation, BNR is expecting the annual CPI inflation rate to accelerate in growth by June as a result of pressures from production costs, recently exacerbated by Russia's invasion of Ukraine. The Central Bank notes that this is expected to be followed by a gradual slowdown, to be only temporarily halted in the second quarter of 2023, when electricity and gas price caps expire. Amid adverse developments related to the war in Ukraine, substantial resetting of the coordinates in the basic scenario is not excluded.
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
A former pastor from California has been accused of sexual abuse and child trafficking at a shelter he ran in Bucharest, according to lawsuits filed by two Romanian men in the California District Court, AP reported. The complaints, filed by 33-year-old Marian Barbu and 40-year-old Mihai-Constantin Petcu, reportedly say that former pastor and missionary of […]
Four cities, namely Bistrița, Deva, Oradea, and Tulcea, have submitted bids to become Romania’s Youth Capital in 2027, organizers announced after the first round of applications closed on September 15. The competition, inspired by the European Youth Capital program, highlights cities’ commitment to investing in young people and involving them in community life. “The fact […]
