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.
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
The Romanian government is preparing an emergency ordinance to ban salary-pension cumulation in the public sector, according to the document consulted by Economedia.ro. The draft ordinance includes other measures to reduce spending in public administration, such as suspending secondments and transfers. The...
Although the Romanian ruling coalition announced a principle agreement over cutting by 10% the payroll of the central administration, no formal agreement has been drafted yet, and the technical specifications are not yet clear. In any case, it seems broadly agreed that the ministries and other central administrative units will be given flexibility in deciding […]
Romania’s BlueSpace Technology is preparing for the first public presentation of its VLAH (Hydramatic Autonomous Combat Vehicle) prototype, scheduled for the first half of December, according to a press release cited by Bursa.ro. The 4x4 armoured vehicle is the first...
The construction materials distribution company Sipex (BVB: SPX), traded at the Bucharest Stock Exchange, announced it will begin next year the construction of a dry mortars and thermal insulation materials factory in Ariceștii Rahtivani, Prahova County. The project will involve EUR 20 million of investment. The company said it has “all approvals for the submission […]
