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.
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
A couple of years ago, Romania’s Defense Ministry concluded a USD 400 million deal with Israeli company Elbit for the development of seven Watchkeeper X systems, which will be used to detect Russian operations near the border areas. The drones will be delivered in a few months, according to the manufacturer, as reported by Digi24. […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
