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.
THAIco SPA, a leader in the Romanian luxury SPA services market, has launched its fourth location following an investment of over EUR 600,000 and has two other openings planned for this year. The total estimated investment for 2024 exceeds EUR 3.5 million. The new wellness center is located in the northern area of Bucharest. At […]
A recent poll by INSCOP Research shows that two-thirds of Romanians see immigrants more as an opportunity for Romania because they help the economy by taking jobs not done by locals. Young people, those with higher and medium education levels, as well as residents of Bucharest, are more favorable toward immigrants than the average population. […]
Bucharest Gaming Week, the event that brings together gamers and the newest and most popular games of the moment, will take place for nine days, between October 5 and 13, in a hybrid format. The Palace of Parliament hosts the central event of the eighth edition on October 12-13. In three of the Parliament's impressive […]
The president of Romania’s lower legislative chamber, Daniel Suciu, recently proposed extra security checks at the entrance to the Palace of the Parliament. His statements come after a man set fire to a store in the tourist area of the building, which is situated before the existing security filters. Between 200,000 and 240,000 people visit the Palace […]
Climate Change Summit, a leading event in Central and Eastern Europe dedicated to climate change solutions, premieres Immersive Call to Climate Action, an immersive experience that puts into focus the urgent need for concrete actions to combat climate change. The show will be hosted by ISPACE, at Mega Mall in Bucharest, between September 18 and […]
The program includes internationally accredited courses, 100 hours of in-depth business training, and an entrepreneurial project where participants apply the theory in practice. Sessions are led by successful entrepreneurs and executive directors of companies in Romania. The program will take place over 10 weekends from January 10 to March 29, 2025. ...
