1. The Consumer Price Index (CPI) – indicator for determining inflation at national level - Consumer prices were up 1.9% in March 2022 from February 2022. - The inflation rate since the beginning of the year (March 2022 compared to December 2021) is 4.0%. - The annual inflation rate in March 2022 compared to March 2021 is 10.2%. - The average consumer price rate over the last 12 months (April 2021-March 2022) as compared to the previous 12 months (April 2020-March 2021) is 6.5%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation at EU level - The Harmonised Index of Consumer Prices in March 2022 compared to February 2022 is 101.95%. - The HICP-based annual inflation rate in March 2022 compared to March 2021 is 9.6%. - The HICP-based average consumer price rate over the last 12 months (April 2021-March 2022) as compared to the previous 12 months (April 2020-March 2021) is 5.6%. The annual inflation rate in Romania rose to 10.15% in March 2022, from 8.53% in February, as prices for non-food goods rose by 10.86%, for food by 11.20%, and for services by 6.53%, according to data published on Tuesday by the National Institute of Statistics (INS)."Consumer prices in March 2022 as against February 2022 increased by 1.9%. The inflation rate three months into 2022 (March 2022 as against December 2021) is 4%. The annual inflation rate in March 2022 as against March 2021 is 10.2%. The average rate of consumer prices in the last 12 months (April 2021 - March 2022) as against the previous 12 months (April 2020 - March 2021) is 6.5%," according to INS.The harmonised index of consumer prices in March 2022 as against February 2022 is 101.95%. The annual inflation rate in March 2022 compared with March 2021 against the Harmonised Index of Consumer Prices (HICP) is 9.6%. The average rate of consumer prices in the last 12 months (April 2021 - March 2022) compared with the previous 12 months (April 2020 - March 2021) against HICP is 5.6%.The National Bank of Romania (BNR) is expecting inflation to stand at 11.2% at the end of the second quarter of 2022, at 10.2% at the end of the third quarter and at 9.6% at the end of the fourth quarter of 2022, according to the BNR Quarterly Inflation Report.
Romania’s planned increase in the dividend tax rate from 10% to 16% is expected to generate RON 3.6 billion (EUR 720 million) in annual revenues, finance minister Alexandru Nazare said on June 23 following his hearing before the expert committee in Parliament. “Yes, it is an annualised amount for next year, with an impact of […]
Romania’s new government, backed by the four pro-Western parties in Parliament holding a majority of 65%, has not published its ruling strategy, while versions of it have leaked to the media, providing a broad image but not very specific details. Notably, the strategy is expected to incorporate the elements outlined in the updated fiscal plan […]
Romania's new government, headed by prime minister Ilie Bolojan and backed by the four pro-Western parties in Parliament, was endorsed with a majority of 65% of the votes (301 of 465 MPs) and already held its first meeting on Monday, June 23, according to Hotnews.ro. The endorsement...
The European Bank for Reconstruction and Development (EBRD) announced on June 23 that it has received "multiple binding offers" for the acquisition of Giurgiulesti International Free Port (PILG), Moldova's main port. Romanian and Bulgarian ports have expressed their interest in PILG in the past,...
OMV Petrom (BVB: SNP), the largest integrated energy producer in South-Eastern Europe, announced it has entered into a partnership with renewable energy company Enery to jointly develop a 400 MW photovoltaic project in Byala Slatina, near Sofia, Bulgaria. The project is estimated to cost EUR 200 million, the company confirmed on June 24. As part […]
The number of micro-enterprises in Romania has dropped significantly to 326,461 in 2024 from a peak of over nearly 900,000 in 2022, according to Profit.ro. The decline follows successive tax regime restrictions...
