The annual inflation rate fell to 7.23% in February 2024, from 7.41% in January, as food prices rose 4.48%, non-food prices 7.82% and services cost increased 11%, according to data the National Institute of Statistics (INS) published on Wednesday."The consumer price index in February 2024 compared to January 2024 was 100.81%. The inflation rate since the beginning of the year (February 2024 compared to December 2023) stood at 1.9%. The annual inflation rate in February 2024 compared to February 2023 was 7.2%. The average rate of change in consumer prices in the last 12 months (March 2023 - February 2024) compared to the previous 12 months (March 2022 - February 2023) was 9.1%," the INS release said.According to the quoted source, the harmonised index of consumer prices in February 2024 compared to January 2024 was 100,78%. The annual inflation rate in February 2024 compared to February 2023 calculated on the basis of the harmonised index of consumer prices (HICP) accounted for 7.1%. The average rate of change in consumer prices in the last 12 months (March 2023 - February 2024) compared to the previous 12 months (March 2022 - February 2023) determined on the basis of the HICP stood at 8.7%.The National Bank of Romania (BNR) revised downwards its inflation forecast for the end of this year to 4.7%, from 4.8% in November, and expects it to reach 3.5% by the end of 2025, according to data BNR Governor Mugur Isarescu presented in February.The forecast trend was revised downwards for 2024, in the context of more favourable developments in the indicator in the recent period, especially in the food segment.
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
