The annual inflation rate dropped to 4.86% in March 2025, from 5.02% in February, as food prices rose by 5.10%, non-food prices by 3.84%, and services by 6.99%, according to data published on Friday by the National Institute of Statistics (INS)."The consumer price index stood at 100.27% in March 2025 compared to February 2025. The inflation rate since the beginning of the year (March 2025 compared to December 2024) was 2.1%. The annual inflation rate in March 2025 compared to March 2024 was 4.9%. The average rate of change in consumer prices in the last 12 months (April 2024 - March 2025) compared to the previous 12 months (April 2023 - March 2024) was 5.1%," the press release says.According to the INS, the harmonized consumer price index in March 2025 compared to February 2025 was 100.34%. The annual inflation rate in March 2025 compared to March 2024 calculated based on the Harmonized Index of Consumer Prices (HICP) was 5.1%. The average rate of change in consumer prices in the last 12 months (April 2024 - March 2025) compared to the previous 12 months (April 2023 - March 2024) determined on the basis of the HICP was 5.4%.The National Bank of Romania (BNR) has revised upwards, to 3.8%, from 3.5% previously, the inflation forecast for the end of 2025 and anticipates that it will reach 3.1% at the end of 2026, according to data presented in February by the BNR (National Bank of Romania) governor, Mugur Isarescu.According to the same source, the revision for December 2025 is +0.3 percentage points, determined mainly by price increases at the beginning of the year (tobacco products, services with administered prices), but also by a more pronounced persistent dynamics of core inflation, partially counterbalanced by slightly more optimistic prospects in the LFO segment.
The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
