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.
One in three (36.1%) survey participants allocate more than 5 hours weekly to reading. 3 out of 4 respondents consider reading important for well-being and actively include it in their daily routines. The budget allocated is between 50-150 RON monthly for 60% of readers. Libris, a leading online bookstore in Romania, conducted an...
Romanian president Klaus Iohannis met with South Korea’s leader Yoon Suk Yeol on Tuesday, April 23, during an official visit to Seoul. Discussions focused on expanding the two countries’ bilateral cooperation, including in the defense sector. “Substantive discussions with president Yoon Suk Yeol, on the occasion of my official visit to the Republic of Korea. […]
Two years after the official opening of the first Popeyes restaurant in Romania, the American fried chicken chain decided to expand outside of Bucharest. The brand will inaugurate a restaurant in Pitești on Thursday, April 25, when the city’s new Argeș Mall also opens. The expansion of Popeyes is part of a more ambitious plan […]
Cannes Film Festival announced new additions to the 2024 official selection, and two Romanian productions are on the list. Trei kilometri până la capătul lumii/Three kilometers to the end of the world, the feature directed by Emanuel Pârvu, entered the competition, while Nasty, Tudor Giurgiu's documentary about tennis legend Ilie Năstase, has been selected in the special screenings category. […]
The Association of Romania's Wood Industry (AIL) accuses Greenpeace and Agent Green of attacking the entire wood processing industry with no grounds, furthermore misleadingly using specific terms to magnify the impact of its rhetoric in the international media. The two NGOs cultivate confusion between the term "old forests" (a legally undefined term) and the term […]
Update: Prime minister and Social Democrat leader Marcel Ciolacu confirmed Tuesday morning that Catalin Cirstoiu is no longer running for the Bucharest mayor seat. Instead, former mayor Gabriela Firea will join the race as PSD’s candidate. “The decision for PSD and PNL to have their own candidates for the Capital City Hall was difficult. but it’s […]
