1. The Consumer Price Index (CPI) – indicator for determining inflation at national level ? Consumer prices were up 0.6% in February 2022 from January 2022. ? The inflation rate since the beginning of the year (February 2022 compared to December 2021) is 2.1%. ? The annual inflation rate in February 2022 compared to February 2021 is 8.5%. ? The average consumer price rate over the last 12 months (March 2021-February 2022) as compared to the previous 12 months (March 2020-February 2021) is 6.0%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation at the level of EU Member States ? The Harmonised Index of Consumer Prices in February 2022 compared to January 2022 is 101.04%. ? The HICP-based annual inflation rate in February 2022 compared to February 2021 is 7.9%. ? The HICP-based average consumer price rate over the last 12 months (March 2021-February 2022) as compared to the previous 12 months (March 2020-February 2021) is 5.0%. Romania's annual inflation rose to 8.53% in February 2022, from 8.35% in January, as prices for non-food goods rose by 9.33%, for foods by 8.84%, and for services by 6.08%, according to data published on Monday by the National Institute of Statistics (INS)."Consumer prices in February 2022 compared with January 2022 increased by 0.6%. Inflation at the beginning of the year (February 2022 compared to December 2021) is 2.1%. The annual inflation rate in February 2022 as against 2021 is 8.5%. The average increase rate in consumer prices in the last 12 months (March 2021 - February 2022) as against the previous 12 months (March 2020 - February 2021) is 6.0%," according to INS.The Harmonised Index of Consumer Prices (HCIP) in February 2022 is 101.04% over January 2022. The February 2022 annual inflation against HICP is 7.9%. The average rate of consumer prices in the last 12 months (March 2021 - February 2022) compared with the previous 12 months (March 2020 - February 2021) against HICP is 5.0%.The National Bank of Romania (BNR) is expecting inflation to surge to 11.2% at the end of the Q2 2022, 10.2% at the end of Q3 2022, and 9.6% at the end of Q4 2022, according to its Quarterly Inflation Report published at the end of the last week.
Maia Sandu, the president of the Republic of Moldova, has been awarded the Franz Josef Strauss Prize by the Hanns Seidel Foundation in recognition of her commitment to democratic values, the rule of law, and her support for Ukraine. The award ceremony took place in the Kaisersaal of the Munich Residenz and was attended by […]
Romania’s new ruling coalition, composed of the National Liberal Party (PNL), Social Democratic Party (PSD), Save Romania Union (USR), the Democratic Alliance of Hungarians in Romania (UDMR), and representatives of national minorities, signed a political agreement on Monday, June 23, outlining the structure of the incoming government, the rotation of the prime minister’s office, and […]
InterContinental Athénée Palace Bucharest is pleased to announce that Chef Michael Passarelli has joined the team as Chef de Cuisine at JORJ, the hotel's iconic dining venue, recently reopened following a comprehensive renovation totalling EUR 3.2 million. With a career spanning over 20 years in top restaurants across Romania, Italy, Belgium, the Netherlands, and Switzerland, […]
A powerful story of survival and displacement took center stage at the 23rd edition of the Transilvania International Film Festival (TIFF) in Romania, as To a Land Unknown (UK) claimed the coveted Transilvania Trophy. The EUR 10,000 award was presented during the festival’s Closing Gala at the National Theatre in Cluj-Napoca on Saturday evening, June […]
Romanian star tennis player and former women’s world no. 1 Simona Halep announced that she will play at the Concord Iaşi Open tournament on July 9 during an exhibition match. The former WTA leader will step onto the court alongside Andrei Pavel, as well as other well-known names that have not yet been revealed during […]
Claudiu Târziu, a former leader and co-founder of the far-right party Alliance for the Union of Romanians, or AUR, launched a new conservative party on Saturday, June 21, in opposition to the announced centrist government. Named The Conservative Action party, the new formation “will harshly sanction every deviation of this treacherous coalition,” the leadership said […]
