The annual inflation rate fell to 8.07% in October from 8.8% in September, as food commodities rose by 8.66%, non-food commodities by 6.24% and services by 12.20%, according to data from the National Institute of Statistics (INS) published on Monday."The consumer price index was 100.57% in October 2023, as compared to September 2023. The year-to-date inflation rate was 6.3% (October 2023 compared to December 2022). The annual inflation rate was 8.1% in October 2023 compared to October 2022. The average rate of change in consumer prices in the last 12 months (November 2022 to October 2023) was 12.0% compared to the previous 12 months (November 2021 to October 2022)," the INS states.The National Bank of Romania (BNR) maintained its inflation forecast for the end of this year at 7.5% and increased it to 4.8% for the end of 2024, according to data presented Friday by BNR governor Mugur Isarescu. The BNR estimated in August 2023 an inflation of 7.5% for the end of 2023 and 4.4% for the end of 2024.The BNR also expects the annual inflation rate to rise to 7.7% at the end of Q1, 2024, before dropping to 6.8% at the end of next year's Q2, according to the Quarterly Inflation Report, November 2023 edition.
How to Web Conference, the leading startup and technology event in Eastern Europe, will host multiple programs and formats for over 550 startups at its 2025 edition, taking place on October 1–2 in Bucharest. These programs are designed to support early-stage startups by offering valuable opportunities for growth, investor connections, and showcasing their innovations. “Our […]
Romanian state-controlled nuclear power producer Nuclearelectrica (SNN) posted a higher-than-expected net profit in the first half of 2025, as stronger financial income offset a surge in windfall tax expenses, brokerage firm Swiss Capital said in a note published on Monday on BVB Research Hub. The company booked a net profit of RON 867...
Romania’s Energy Ministry unveiled the energy voucher platform on Wednesday, August 20. Citizens with low incomes who register on the platform will receive aid worth RON 50 (EUR 10) per month to pay for their electricity bills. Not everyone is eligible for the state aid. Only single persons with incomes below RON 1,900 (EUR 375) […]
Romanian prime minister Ilie Bolojan will go on a working visit to the Republic of Moldova on Saturday, August 23 - his first as head of the executive. The visit will include a series of activities carried out together with the prime minister of the Republic of Moldova, Dorin Recean. According to the government, the […]
Romania’s famous Mud Volcanoes, located in the southern Buzău County, were recently scanned by experts from the National Institute for Earth Physics Research and Development with the help of drones equipped with modern sensors, in order to better understand the structure of the soil and the associated risks. INFP specialists, together with their partners Skyline […]
Romania’s residential market posted record apartment sales in July as buyers rushed to finalize transactions before the removal of the reduced VAT rate and the increase in the standard VAT from 19% to 21%, according to real estate consultancy Colliers. The VAT change came into effect as of August 1, driving a surge of last-minute […]
