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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
