The annual inflation rate rose to 5.7% in June 2025, from 5.45% in May, as food prices rose by 7.36%, services by 7.05% and non-food goods by 3.9%, according to data published on Friday by the National Institute of Statistics.The consumer price index in June 2025 compared to May 2025 was 0.45% and the inflation rate since the beginning of the year (June 2025 compared to December 2024) was 3.1%. The average rate of change in consumer prices in the last 12 months (July 2024 - June 2025) compared to the previous 12 months (July 2023 - June 2024) was 5.1%.The annual inflation rate in June 2025 compared to June 2024 calculated based on the Harmonized Index of Consumer Prices (HICP) was 5.8% and the average rate of change in consumer prices in the last 12 months (July 2024 - June 2025) compared to the previous 12 months (July 2023 - June 2024) determined based on the HICP was 5.3%.The National Bank of Romania warned on July 8 that the annual inflation rate will increase considerably in the coming months, under the transitory impact of the expiration of the electricity price cap scheme and the increase in VAT and excise rates starting August 1, standing well above the values ??indicated by the May 2025 forecast in the short term.In May, the central bank revised upwards, to 4.6%, from 3.8% previously, the inflation forecast for the end of 2025.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
