The decrease of 2.26 percentage points in a single month is not the result of an improvement in the internal inflationary mechanism, but of the exit from the calculation base of the energy shock in July 2025, says the chairman of the Association of Romania's Financial-Banking Analysts (AAFBR), Flavius Valentin Jakubowicz."The decrease of 2.26 percentage points in a single month is not the result of an improvement in the domestic inflationary mechanism, but of the exit from the calculation base of the energy shock in July 2025. The difference can be seen most clearly by components: non-food goods fell from 12.3% to 7.9%, i.e. exactly where electricity loses its statistical effect, while services, the component that reflects wage inertia and internal inflationary expectations, remained practically unchanged, around 13.7%," Jakubowicz said.He said that the second element worth remembering is the monthly dynamics: prices increased by 0.58% only in July, which, annualised, means a pace close to 7%, in a month when the seasonality of vegetables and fruits should have worked in the opposite direction."In other words, the current price pressure remains substantially above target, even if the annual indicator looks better. The downward trajectory will continue in August, when the effects of the increase in VAT and excise rates also come out of the calculation base, and a rate of around 6% at the end of the year remains plausible. But this is an arithmetic correction, not a won disinflation. We will see the real test in the adjusted CORE2 core inflation and in the monthly rates in the autumn, when the base effects are exhausted," said Jakubowicz.
Macro commentary by etoro analyst for Romania, Bogdan Maioreanu From Fuel Pump to Heating Bills: Energy Prices Threaten a New Inflation Wave Oil prices continued to climb, pushing up the fuel prices at the pump. While these moves are very visible and are attracting immediate consumer interest, behind the scenes,...
The gondola lift in the popular mountain town of Sinaia has been temporarily closed to passengers after monitoring reports showed significant and progressive movement of one of its support towers, the local authorities announced. Subsequent measurements confirmed that tower 2 on the Cota 1000-Cota 1400 section had shifted beyond safety limits. Sinaia is one of […]
L'Oréal Romania has appointed Guillaume Pitoiset as Country HR Director, starting in September 2026. With a 15-year career within L'Oréal Groupe, he combines experience in Corporate HR, project management, and leadership across benchmark European markets. Guillaume Pitoiset joined L'Oréal Groupe in 2011, initially working within the L'Oréal Luxe division, and in November 2012 took on […]
The National Liberal Party (PNL) has called on the Social Democratic Party (PSD) to publicly explain the participation of former Labour Minister Florin Manole in a private jet trip to Mykonos, Greece, alongside Constitutional Court judge Cristian Deliorga, former Prime Minister Victor Ponta, other former ministers and businesspeople. PNL said...
A total of 48% of Romanian 15-year-olds who took the OECD Program for International Student Assessment (PISA) tests in 2025 reached the minimum proficiency level (Level 2) in Mathematics, compared with 52% in Reading and 54% in Science. This is below the OECD averages of 65%, 69%, and 74%, respectively, according to the PISA 2025 […]
PNL Accuses PSD and AUR of Hypocrisy Over Political Reactions to CCR Controversy BUCHAREST, September 8, 2026 – The National Liberal Party (PNL) criticised the Social Democratic Party (PSD) and the Alliance for the Union of Romanians (AUR) on Tuesday, accusing the two parties of applying double standards in their political...
