The annual inflation rate rose to 5.45% in May 2025, from 4.9% in April, as services rose by 7.09%, foodstuffs by 6.53% and non-food items by 4%, according to data published on Thursday by the National Institute of Statistics (INS)."The consumer price index was 100.46% in May 2025 against April 2025. The inflation rate since the beginning of the year (May 2025 compared to December 2024) was 2.6%. The annual inflation rate was 5.5% in May 2025 compared to May 2024. The average rate of change in consumer prices was 5.0% in the last 12 months (June 2024 - May 2025) compared to the previous 12 months (June 2023 - May 2024)," the INS press release states.According to the INS, the harmonized consumer price index was 100.49% in May 2025 compared to April 2025. The annual inflation rate was 5.4% in May 2025 compared to May 2024 calculated on the basis of the Harmonized Index of Consumer Prices (HICP). The average rate of change in consumer prices in the last 12 months (June 2024 - May 2025) compared to the previous 12 months (June 2023 - May 2024) determined on the basis of the HICP was 5.2%.The National Bank of Romania (BNR) has revised upwards, to 4.6%, from 3.8% previously, the inflation forecast for the end of 2025 and anticipates that it will reach 3.4% at the end of 2026, compared to 3.1% in the previous forecast, according to data The 2025 edition of the Transilvania International Film Festival (TIFF) kicks off in Cluj-Napoca on Fridaypresented in May by the governor of the BNR, Mugur Isarescu.He mentioned that the BNR will work with the new Government to find the optimal solutions that can bring inflation down, based on a sustainable and gradual reduction of the public deficit, but without having an economic recession.The National Bank of Romania also anticipates that the annual inflation rate will stand at 5.1% at the end of the second quarter of 2025, and will decrease to 3.3% at the end of the first quarter of 2027, according to the Quarterly Inflation Report, May 2025 edition.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
