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.
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
Romanian singer Alexandra Ușurelu will perform a Christmas Charity Concert on Thursday, December 18, at the Ibis Bucharest Politehnica Hotel. The event will raise funds to support the education of 100 children with severe illnesses through the Păsări Association. According to the organizers, each ticket purchased will contribute directly to this cause. Alexandra Ușurelu, known […]
eXp Realty, a leading independent real estate brokerage and a subsidiary of eXp World Holdings (Nasdaq: EXPI), has officially entered the Romanian market as part of its ongoing global expansion. The company also launched in Turkey, Peru, Japan, Ecuador, and South Korea in 2025. The company reported third-quarter sales volume of USD 54.1 billion and […]
About 75% of Romanian employees say that work plays an important role in their lives, but is not their life’s main purpose. Moreover, only 9% of Romanian employees are completely disengaged at work, according to a Pluxee-Ipsos study that surveyed 8,700 employees across 10 countries. Far from confirming the “Great Detachment,” the study presents several […]
The Romanian chain of stores Contakt, a leader in mobile phone accessories retail, announced its entry into the Czech market this week. The company is currently conducting an initial public offering (IPO) on the Bucharest Stock Exchange (BVB). Contakt has already signed for two locations in Prague, in premium retail areas located in high-traffic malls. […]
Romania is expected to be affected by a mass of Saharan dust between November 21 and 23, according to the National Meteorological Administration (ANM), as reported by Digi24. The airborne particles, carried by a south-westerly air flow, will spread across much of the country, with dust deposits becoming visible particularly in areas...
