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.
Coca-Cola celebrated 30 years of production at its Timișoara plant, in western Romania, by announcing a RON 5 million (roughly EUR 1 million) investment in a solar park, the company’s first renewable energy facility in Romania. The new solar installation will cover about 20% of the factory’s electricity needs and cut carbon dioxide emissions by […]
Solar Open Day brought the public closer to a new photovoltaic park. On September 17, the Romanian Photovoltaic Industry Association (RPIA) organized in Călugăreni, Giurgiu County, the third edition of the event, which has already become a landmark for the solar energy industry. This year’s host was PPC Renewables Romania, which opened the doors of […]
Grivița 53, the first private theatre built in Romania in roughly 80 years, was unveiled in Bucharest after nearly a decade of construction and fundraising efforts that brought together more than 14,000 supporters. The project, valued at about EUR 4.5 million so far, was launched in 2016 by director and writer Chris Simion-Mercurian and Tiberiu […]
An injured 24-year-old French tourist was rescued after falling in the Valea Căldărilor area of Romania’s Bucegi Mountains on Friday morning, September 19. The young man was recovered by mountain rescuers after an operation that lasted more than six hours. According to the data communicated by Salvamont Prahova, he was part of a group of […]
Vodafone Romania and Digi Romania announced the signing of the relevant legal documents for acquiring Telekom Romania Mobile Communications from the OTE group and Deutsche Telekom on Friday, September 19. The two telco operators will split Telekom assets between them. As part of the deal, Vodafone spent EUR 30 million, while Digi paid EUR 40 […]
Sebastian Burduja, adviser to prime minister Ilie Bolojan and former minister of energy, warned of the security impact of the sale of major dairy Napolact to a group owned by a businessman close to the Hungarian prime minister Viktor Orban, according to
