The annual inflation rate in Romania fell in August 2024 to 5.1% from 5.42% in July, as food prices rose by 4.25%, non-food prices by 4.35%, and services prices by 8.60%, according to data published on Wednesday by the National Institute of Statistics (INS).The consumer price index in August 2024 versus July 2024 was 100.23%. The inflation rate at the beginning of the year (August 2024 against December 2023) was 3.4%. The annual inflation rate in August 2024 compared to August 2023 was 5.1%. The average rate of change in consumer prices in the last 12 months (September 2023 - August 2024) compared to the previous 12 months (September 2022 - August 2023) was 6.5%.The harmonised index of consumer prices (HICP) in August 2024 compared with July 2024 was 100.28%. The annual inflation rate in August 2024 compared with August 2023 calculated against the HICP was 5.3%. The average change in consumer prices in the last 12 months (September 2023 - August 2024) compared with the previous 12 months (September 2022 - August 2023) computed against the HICP was 6.7%.The National Bank of Romania (NBR) has revised downwards, from a previous 4.9% the inflation forecast for the end of 2024 and anticipates that it will reach 3.4% by the end of 2025, according to data released in August by Governor of the National Bank of Romania Mugur Isarescu.According to the presentation, the downward trend in the inflation rate will continue over almost the entire projection range, but the pace of disinflation is expected to slow down visibly in the second part of it.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
