Annual inflation rate in Romania rose to 9.9% in August, from 7.84% in July, as non-food goods prices rose by 10.48%, services by 9.85% and food goods by 8.92%, according to data published on Thursday by the National Institute of Statistics (INS).The consumer price index in August 2025 compared with July 2025 was 102.10%. The inflation rate at the beginning of the year (August 2025 as against December 2024) was 8.1%. The annual inflation rate in August 2025 as against August 2024 was 9.9%. The average rate of change in consumer prices in the last 12 months (September 2024 - August 2025) compared with the previous 12 months (September 2023 - August 2024) was 5.7%.The Governor of the National Bank of Romania (BNR), Mugur Isarescu, said in August that inflation will form a hump in September, when a peak of 9.6-9.7% will be recorded, expected to go down to just above 9% at the end of the year.BNR has revised upwards its inflation forecast for the end of 2025 to 8.8%, probably above 9%, from 4.6% previously, and it anticipates that it will reach 3% at the end of 2026, as against 3.4% in its previous forecast.On August 1, standard Value Added Tax (VAT) in Romania increased to 21%, from 19% previously. The only single reduced VAT rate is 11%.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
