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.
Fondul Proprietatea (hereinafter “The Fund”) published today its financial results for the first three months ended on 31 March 2022 and would like to share the following highlights: The Fund’s share price registered a strong performance in the first three months reaching a price of RON 2.11 at 31 March 2022, a record […]
Romania’s economy posted a surprising 6.5% growth rate in the first quarter, but economists predict a significant slowdown for the rest of the year, euractiv.com reads. Romania’s GDP grew 6.5% in the first quarter of 2022 compared with the same period of 2021, the statistics institute said in a flash estimate Tuesday (17 May). […]
Euroins Romania Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster […]
Current arrears increased by RON 12 billion in the first four months of this year, the president of the National Tax Administration Agency (ANAF), Lucian Ovidiu Heius, told on Friday a press conference, mentioning that he will send inspectors to companies to find out what is going on."I noticed a phenomenon in the first four […]
Romania is in a very unusual situation. The country is having the most stable exchange rate against the EUR this year compared with CEE peers, the lowest key rate at 3.75 % while running large twin deficits. This is likely to continue all this year, according to the most recent forecast by the […]
The internal flows of the companies in the financial-banking industry may be affected by the rapid pace of the legislative novelties, the growth of the number of fiscal reports, digitization of the fiscal administrations, and the intensification of the exchange of information between the Romanian fiscal authorities and those of other countries, said the specialists […]