The annual inflation rate rose to 5.11% in November 2024, up from 4.67% in October, as food prices increased by 5.11%, non-food goods prices by 5.15%, and services prices by 7.56%, according to data National Institute of Statistics (INS) published on Wednesday."The consumer price index in November 2024 compared to October 2024 was 100.41%. The inflation rate from the beginning of the year (November 2024 compared to December 2023) was 4.8%. The annual inflation rate in November 2024 compared to November 2023 accounted for 5.1%. The average change in consumer prices over the last 12 months (December 2023 - November 2024) compared to the previous 12 months (December 2022 - November 2023) stood at 5.7%," the INS press release shows.According to the quoted source, the harmonised index of consumer prices in November 2024 compared to October 2024 was 100.32%. The annual inflation rate in November 2024 compared to November 2023, calculated based on the harmonised index of consumer prices (HICP), was 5.4%. The average change in consumer prices over the last 12 months (December 2023 - November 2024) compared to the previous 12 months (December 2022 - November 2023) calculated based on the HICP was 6%.The National Bank of Romania (BNR) revised its inflation forecast for the end of 2024 upwards, to 4.9%, from the previous forecast of 4%, and anticipates that it will reach 3.5% by the end of 2025, according to data presented in November by BNR Governor Mugur Isarescu.
The forecasts made by managers in the second half of 2024, as expressed in the CONFIDEX study, were more pessimistic than the actual economic reality of Romania. The onset of the year, however, marked by surprising events, international geo-political tensions, and the unpredictability of the upcoming presidential elections in Romania, may heighten the caution levels […]
Arval Romania has recently launched Arval Re-Lease, a new service dedicated to the local market focusing on the leasing of used vehicles that have completed an operational leasing contract. Arval Re-Lease is designed to meet the common needs of companies, offering comprehensive solutions to reduce costs associated with vehicle rental, insurance, and maintenance services. Arval […]
Bogdan Crețu’s novel Mai puțin decât dragostea/ Less Than Love is Romania’s nomination for this year’s European Union Prize for Literature (EUPL). The European Union Prize for Literature (EUPL) recognizes emerging fiction writers from the European Union and beyond. Each year, national juries choose their proposal in a rotating selection of countries participating in the […]
Interim president Ilie Bolojan is attending the European Council in Brussels on Thursday, March 6, to signal Romania’s position in favor of strengthening NATO's European pillar, supporting Ukraine, and increasing defense spending. He also met with several European leaders before the summit, including the next chancellor of Germany. European leaders met in Brussels to discuss […]
Russia carried out 34 hybrid attacks against Romania in 2024, according to a report presented in the Italian Parliament, based on information published by Romanian authorities regarding last year’s annulled presidential elections. On March 3, Italy’s ambassador to Bucharest, Alfred Maria Durande, announced that foreign forces were involved in the 2024 presidential elections in Romania....
Le Bistrot Français, part of the prestigious hospitality associations Relais & Châteaux, has started a collaboration with Chef Tom Meyer, one of the most appreciated French cooks, awarded by the Michelin guide and holding the title of Meilleur Ouvrier de France. Starting Monday, March 3, the restaurant’s menu will bear his signature, marking a special […]
