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.
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The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
