Annual inflation in Romania rose to 6.3% in September 2021, from 5.3% in August, as prices for non-food goods rose by 8.71%, by 4.26% for food, and by 3.75% for services, according to data published on Tuesday by the National Institute of Statistics (INS).According to INS, consumer prices in September 2021 increased by 0.8% on a monthly basis. Inflation at the beginning of the year (September 2021 versus December 2020) is 5.6%, while the September 2021 annual inflation rate reached 6.3%.Average consumer prices in the last 12 months (October 2020 - September 2021) as against the previous 12 months (October 2019 - September 2020) were up 3.6%.Also, the harmonised index of consumer prices in September 2021 versus August 2021 is 100.83%.According to the INS, the September 2021 annual inflation rate calculated against the Harmonised Index of Consumer Prices (HICP) is 5.2%. The average rate of consumer prices in the last 12 months (October 2020 - September 2021) as against the previous 12 months (October 2019 - September 2020) on the basis of the HICP is 2.9%.The National Bank of Romania (BNR) has upwardly adjusted its inflation forecast to 5.6% by the end of 2021, according to a presentation made in August by BNR Governor Mugur Isarescu.
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
Romania’s Orșova Shipyard (BVB: SNO) has concluded five external contracts for the construction of five river vessels, with the total value of the contracts amounting to EUR 22.2 million, according to a report submitted to the Bucharest Stock Exchange. The contracts are commercial in nature and have an intra-community delivery, but the buyer cannot be […]
Four people died on Monday, July 28, following a naval incident in the Musura Gulf area, Sulina Branch, where a boat capsized, according to information provided by the Tulcea County Emergency Situations Inspectorate. Among the deceased is also a child. Of the 14 people who were reportedly on the boat that capsized, 10 are being […]
Romania’s ruling Social Democratic Party (PSD) will immediately promote in Parliament a package of measures to reduce privileges for board members of state-owned enterprises (SOEs), with a second fiscal package to follow in coordination with the upcoming budget revision, PSD leader Sorin Grindeanu said on July 28,
Romanian Prime Minister Ilie Bolojan, in an interview for G4Media on July 28, said that he will not immediately appoint another deputy prime minister to replace Dragoș Anastasiu, who resigned...
Prosecutors from Romania’s National Anticorruption Directorate (DNA) conducted multiple searches on July 28 in Argeș County as part of an investigation into illegal VAT refunds and money laundering worth more than EUR 9 million, Digi24 reported, citing judicial...
