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.
The service center for the banking Societe Generale Group, the Societe Generale Global Solution Centre, announced the appointment of Laurent Mirjol as Chief Executive Officer, effective June 1, 2025. The new CEO will oversee the activities and develop the strategy of Societe Generale Global Solution Centre Romania. With over 20 years of experience in the […]
During a press conference held on Monday, July 14, Romanian president Nicușor Dan defended the recent tax hikes enacted by the government, underlining the need to reassure creditors and lower the country’s public debt. Nevertheless, he said that the VAT increase was decided by the government. In the presidential campaign, then-candidate Nicușor Dan promised to
The famous Pompidou Center in Paris will organize a retrospective of the complete works of Romanian director Radu Jude between September 23 and October 11. The retrospective brings together films made over twenty years by the prolific Romanian director. The event will open and close with two of the most recent films, namely “Kontinental 25” […]
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
