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.
The Romanian Wind Energy Association (RWEA), the Romanian Photovoltaic Industry Association (RPIA) and the Renewable Energy Producers Organization in Romania (PATRES), representing members with a total installed capacity of over 6.5 GW, warn of the risk of a major bottleneck in the energy sector caused by the introduction, without a transition period and with an […]
Romania is emerging as one of the most dynamic markets for Turkish renewable energy investments, attracting growing interest from industrial and financial groups with regional exposure. Real grid connection opportunities for viable projects, infrastructure modernization potential, and investment framework stability make Romania a strategic destination for Turkish capital, at a time when Europe is accelerating […]
CATANE, the feature debut of director Ioana Mischie, has received an international nomination at the prestigious Hollywood Music in Media Awards for its original score composed by Emiliano Mazzenga. The film’s music has been selected among the top five film scores worldwide in the International Independent Film category. The film is the first Romanian production ever […]
Moldovan prime minister Alexandru Munteanu arrived in Bucharest on Thursday, November 13, for his first official foreign visit since taking office. He met with president Nicușor Dan and Romanian counterpart Ilie Bolojan before visiting the Parliament, where he met with the president of the Senate, Mihai Abrudean. After the first meeting, president Nicușor Dan stated […]
Bucharest maintains a steady flow of new office developments, with nearly 170,000 square meters of projects scheduled for delivery between 2026 and 2027, according to the latest Bucharest Office Marketbeat Q3 2025 report from Cushman & Wakefield Echinox. Despite a 25% drop in total leasing activity compared to last year, demand remained solid, with companies […]
The number of Romanians seeking work abroad has fallen to its lowest level in five years, according to new data from leading online recruitment platform eJobs. So far in 2025, only 106,000 applications were submitted for jobs outside Romania out of a total of 9.8 million, representing just 1.1% of all job applications. Employers abroad […]
