The annual inflation rate in Romania rose to 5.14% in December 2024 from 5.11% in November, as food prices advanced 5.09%, prices for non-food items 4.38%, and services 7.10%, according to data published on Tuesday by the National Institute of Statistics (INS).The December 2024 consumer price index as against November 2024 was 100.29%. The annual inflation rate in December 2024 as against December 2023 was 5.1%. The average rate of change in consumer prices in the last 12 months (January 2024 - December 2024) compared with the previous 12 months (January 2023 - December 2023) was 5.6%.The harmonised index of consumer prices (HICP) in December 2024 compared to November 2024 was 100.25%. The annual inflation rate in December 2024 compared with December 2023 against HICP was 5.5%. The average rate of change in consumer prices in the last 12 months (January 2024 - December 2024) from the previous 12 months (January 2023 - December 2023) against the HICP was 5.8%.The National Bank of Romania (NBR) has revised upwards to 4.9%, from 4% previously, its inflation forecast for the end of 2024 and anticipates that it will reach 3.5% by the end of 2025, according to data released in November 2024 by the governor of the National Bank of Romania, Mugur Isarescu.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
