1. The Consumer Price Index (CPI) – indicator for determining inflation at national level - Consumer prices were up 3.7% in April 2022 from March 2022. - The inflation rate since the beginning of the year (April 2022 compared to December 2021) is 7.9%. - The annual inflation rate in April 2022 compared to April 2021 is 13.8%. - The average consumer price rate over the last 12 months (May 2021-April 2022) as compared to the previous 12 months (May 2020-April 2021) is 7.4%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation across the EU - The Harmonised Index of Consumer Prices in April 2022 compared to March 2022 is 102.37%. - The HICP-based annual inflation rate in April 2022 compared to April 2021 is 11.7%. - The HICP-based average consumer price rate over the last 12 months (May 2021-April 2022) as compared to the previous 12 months (May 2020-April 2021) is 6.4%. The annual inflation rate in Romania rose to 13.76% in April 2022, from 10.15% in March, as prices for non-foods rose by 16.35%, for foods by 13.54%, and for services by 7.11%, according to data published on Wednesday by the National Institute of Statistics (INS).Consumer prices in April 2022, as against March 2022, increased by 3.7%. The inflation rate at the beginning of the year (April 2022 against December 2021) is 7.9%. The annual inflation rate in April 2022 against April 2021 is 13.8%. Consumer prices in the last 12 months (May 2021 - April 2022) as against the previous 12 months (May 2020 - April 2021) advanced 7.4%.According to INS, the Harmonised Index of Consumer Prices (HICP) in April 2022 compared with March 2022 is 102.37%. The annual inflation rate in April 2022 against the HICP is 11.7%. The average increase rate in consumer prices in the last 12 months (May 2021 - April 2022) as against the previous 12 months (May 2020 - April 2021) against HICP is 6.4%.The National Bank of Romania (BNR) expects inflation to reach 11.2% at the end of the second quarter of 2022, 10.2% at the end of the third quarter of this year and of 9.6% at the end of the fourth quarter of 2022, according to the BNR Quarterly Inflation Report.
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
The transaction between E.ON and the Hungarian company MVM regarding the assets of the former company in Romania was blocked by the Supreme Council for National Defence, former energy minister Sebastian Burduja announced on his Facebook page, cited by Bursa.ro. The decision was reportedly...
KMGI, which owns the Petromidia and Vega refineries in Romania, is operating normally, and no decision is currently being made on the privatisation of the holding, the press service of Kazakhstan's national oil and gas company KazMunayGas, which owns KMGI, said on November 25, as cited by Agerpres. ...
Three bidders, from Romania, the European Union, and the United States, are interested in buying the local assets of Russian group Lukoil, which include a medium-sized refinery, a filling station chain, and an offshore gas perimeter under exploration, Romanian minister of energy Bogdan Ivan announced, according to
The European Commission, under the Semester Package published on November 25, included Romania among the 19 of the 27 EU countries with compliant fiscal developments and prospects, based on the Report on action taken, submitted by the Romanian authorities on October 16. For nine Member States, including Romania, the Excessive Deficit Procedure (EDP) is held in abeyance, […]
West Side Christmas Market, the winter fair created by Untold Universe in partnership with Bucharest’s District 6 City Hall, will reopen on November 28 with an expanded program of concerts and holiday entertainment in Drumul Taberei Park. The fair, which runs until December 27, promises a larger, more immersive experience this year. The official opening […]
