Romania's annual inflation rate climbed to 15.1 percent this June from 14.5 percent in May, as non-food prices rose 17.92, food prices grew 14.67 percent and services grew by 7.81 percent more expensive, shows data released on Tuesday by the National Institute of Statistics (INS)."June's consumer prices inched up 0.8 percent compared to May 2022. Compared to the beginning of the year (June 2022 to December 2021) the inflation rate is 10.0 percent. Year-over-year, the inflation rate is 15.1 percent in June 2022. The average consumer price rate in the 12 months to June 2022 is 9.3 percent compared to the previous 12 months (July 2020 - June 2021)," the INS said.The Harmonized Index of Consumer Prices (HICP), an inflation indicator for EU member states, is 100.78 percent in June compared to May.The annual HICP inflation rate is 13 percent in June 2022 compared to June 2021.The HICP-based average consumer price rate in the last 12 months (July 2021 - June 2022) is 7.9 percent compared to the previous 12 months (July 2020 - June 2021).The statistics authority said that the provisions of OUG No. 27/2022 on the measures applicable to final customers in the energy and natural gas market over April 1, 2022 - March 31, 2023 have been considered for the calculation of inflation.The National Bank of Romania increased its year-end inflation forecast to 12.5 percent and estimates inflation to be 6.7 percent at the end of next year.
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
PPC blue Romania, the electric mobility division of the PPC group, announced the expansion of its national charging infrastructure through the acquisition of the Hermes Flow network, adding 116 new charging points for electric vehicles. Most are located in the Bucharest-Ilfov region, with the rest in 10 other counties. Once fully integrated, users will have […]
