Austrian banking group Erste said that Romania’s inflation is expected to reach 4.3% by the end of 2023, in line with its previous forecast. Romania's consumer prices rose by 7.4% in January, accelerating from a 6.61% increase in December and marginally surpassing Erste's estimate of 7.34%, the banking group said in an updated research report on Wednesday. The forecast error regarding the inflation rate in January was due to costlier water and sewerage services. However, core inflation declined by 0.2 percentage points (pp) to 8.2% year-on-yearin January, in line with Erste's forecast. The share of food products in the January consumer basket rose by nearly 0.7 pp, while non-food items and services saw their shares diminish by approximately 0.5 and 0.1 percentage points, respectively. Fuel and non-oil energy items represented 18.2% of the consumer basket, up from 16.3% previously. On Wednesday, Romania's central bank decided to keep its monetary policy rate unchanged at 7%, as anticipated by Erste in January. Erste said they stick to its call for the first rate cut in May, and expect the key rate to ease to 5.75% by the end of the year.
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
