1. The Consumer Price Index (CPI) – indicator for determining inflation at national level - Consumer prices were up 1.3% in November 2022 from October 2022. - The inflation rate since the beginning of the year (November 2022 compared to December 2021) is 15.9%. -The annual inflation rate in November 2022 compared to November 2021 is 16.8%. - The average rate of change in consumer prices over the last 12 months (December 2021-November 2022) as compared to the previous 12 months (December 2020-November 2021) is 13.1%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation across the EU - The Harmonised Index of Consumer Prices in November 2022 compared to October 2022 is 101.24%. -The HICP-based annual inflation rate in November 2022 compared to November 2021 is 14.6%. - The HICP-based average rate of change in consumer prices over the last 12 months (December 2021-November 2022) as compared to the previous 12 months (December 2020-November 2021) is 11.4%. The annual inflation rate rose to 16.8% in November 2022, from 15.32% in October, due to the increase in the price of food products by 21.55%, non-food products by 16.17% and services by 9.51%, according to the data of the National Institute of Statistics, published on Tuesday.In November, consumer prices increased by 1.3% compared to the previous month, given that food products were more expensive by 1.54%, non-food products by 1.03% and services by 1.31%.The inflation rate since the beginning of the year (November 2022 compared to December 2021) is 15.9%, and the average rate of change in consumer prices in the last 12 months (December 2021 - November 2022) compared to the previous 12 months (December 2020 - November 2021) ) is 13.1%.The National Bank of Romania (BNR) increased the inflation forecast for the end of this year to 16.3% and estimates an inflation of 11.2% for the end of next year, according to the data presented in November by the BNR governor, Mugur Isarescu.
The Ministry of Foreign Affairs (MAE) announced the resumption of consular activities in Odesa through an itinerant format, as part of efforts to reopen the Romanian Consulate General and provide consular assistance and protection to Romanian citizens in the region. Thus, between October 16 and 28, an interim chargé d’affaires is conducting the first itinerant […]
ONV LAW launches Digital Assets & Web3 (Code/Lex), a new practice area dedicated to technology companies and investors operating in cryptoassets, blockchain, and AI. The ONV LAW team provides integrated legal support to technology companies, blockchain startups, Fintechs, AI solution providers, as well as investors seeking expansion in Eastern Europe. The team is led by […]
Over 10,000 Romanian children were born in Italy in 2024, contributing the most to the birth rate in the peninsula, relative to the number of people, Digi24 reported. The 2024 birth rate is Italy’s lowest in the past century. A historic low of fewer than 370,000 children were born last year on Italian territory. ...
The Ministry of Development announced that it will finance the reconstruction of the apartment building on Calea Rahovei in Bucharest, which was destroyed by the explosion on October 17 that killed three people and injured 15 others. In this sense, the ministry has published for public consultation a draft emergency ordinance that expands the scope […]
DocProcess, the technology company founded by Romanian entrepreneurs Daniela and Liviu Apolozan and recently integrated into the French group AGENA3000, announced the appointment of Jacky Huet as general manager of DocProcess Romania. With more than 30 years of experience in the software industry across EMEA and America, he brings extensive expertise in domains such as […]
Promenada Mall, owned by NEPI Rockcastle, has completed the first phase of its food court modernization. With this, the mall located in Bucharest’s District 1 adds eight new tenants. In addition, three restaurants will reopen in modernized spaces starting this October. The transformation of the 1,000-sqm food court includes new furniture and a complete redesign. […]
