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.
Real estate developer Globalworth has begun construction on Green Court D, the fourth building in its Green Court office complex in Bucharest’s Aurel Vlaicu area. Scheduled for completion in 2027, the project is now in its preliminary phase, which includes enclosure works and excavation for the basement structure, the company said. The new building will […]
Romania’s National Committee for Emergency Situations decided to distribute drinking water from the state reserves to 13 localities in the counties of Prahova and Dâmboviţa. The area was severely impacted by a drop in water levels at the Paltinu Dam, leading to problems in the water distribution system and affecting over 100,000 people, local hospitals, […]
Rock star Marilyn Manson will return to Romania next summer to perform at Rockstadt Extreme Fest, organizers announced on Tuesday, December 2. He is among the headliners confirmed for the local rock and metal festival, which will take place from July 27 to 31 in Ghimbav, Brașov county. “For the first time ever, Marilyn Manson […]
Romania’s government has assumed responsibility in Parliament for legislation reforming magistrates’ pensions, prime minister Ilie Bolojan announced on December 2. He said the draft law had received the opinion of the High Court of Cassation and Justice, noting that the court’s assessment was negative. It is the government’s second attempt to have the bill promulgated, […]
Romania Education Alliance (REA), the first private school network in the country, announced it has exceeded the milestone of 1,000 students enrolled across its member schools just one year after launch. "The fact that we surpassed 1,000 students in our very first year of activity shows that the REA model addresses a real need in […]
Genesis College, one of the largest private educational institutions in Romania, announced the regulatory approval of the transaction through which the investment firm Mozaik Investments becomes its majority shareholder. The transaction, signed at the end of July, received all necessary approvals from the Competition Council on November 25, and, formally, the entire investment procedure is […]
