1. The Consumer Price Index (CPI) – inflation indicator at national level - Consumer prices were up 1.8% in October 2021 from September 2021. - The inflation rate since the beginning of the year (October 2021 compared to December 2020) is 7.4%. - The annual inflation rate in October 2021 compared to October 2020 is 7.9%. - The average consumer price rate over the last 12 months (November 2020-October 2021) as compared to the previous 12 months (November 2019-October 2020) is 4.1%. 2. The Harmonised Index of Consumer Prices (HICP) – inflation indicator for EU Member States - The Harmonised Index of Consumer Prices in October 2021 compared to September 2021 is 101.32%. - The HICP-based annual inflation rate in October 2021 compared to October 2020 is 6.5%. - The HICP-based average consumer price rate over the last 12 months (November 2020-October 2021) as compared to the previous 12 months (November 2019-October 2020) is 3.3%. The annual inflation rate rose to 7.9% in October 2021, from 6.3% in September, with prices for non-food goods rising by 11.39%, food goods prices increasing by 5.25%, and those of services by 3.96%, according to data published on Wednesday by the National Institute of Statistics (INS)."Consumer prices in October 2021 compared to September 2021, increased by 1.8%. The inflation rate at the beginning of the year (October 2021 compared to December 2020) is 7.4%. The annual inflation rate in October 2021 compared October 2020 is 7.9%. The average rate of consumer prices in the last 12 months (November 2020 - October 2021) compared to the previous 12 months (November 2019 - October 2020) is 4.1%," reads the same press release.According to the INS, the harmonized index of consumer prices in October 2021 compared to September 2021 is 101.32%. The annual inflation rate in October 2021 compared to October 2020 calculated based on the harmonized index of consumer prices (HICP) is 6.5%.The average rate of consumer prices in the past 12 months (November 2020 - October 2021) compared to the previous 12 months (November 2019 - October 2020) determined based on the HICP is 3.3%.The National Bank of Romania (BNR) increased its inflation forecast to 5.6% for the end of this year, according to a presentation made in August by the governor of the National Bank of Romania, Mugur Isarescu.
Romanian tax agency ANAF has put up for sale the factory of infamous disinfectant-maker Hexi Pharma. The company was involved in a major scandal regarding diluted disinfectants delivered to hospitals years ago. The controversial company, now in insolvency, has debts of RON 17.6 million to the Romanian state, and the Prosecutor's Office attached to the […]
On March 22, 2025, Romania will join millions globally in marking the 19th edition of Earth Hour, a powerful movement organized to raise awareness about environmental issues. This year's Earth Hour coincides with World Water Day, with initiatives emphasizing the need to protect and regenerate vital water resources. In Romania, WWF said it is using […]
Soulmates Ventures, a Prague-based Venture Capital (VC) firm, is strengthening its commitment to sustainable innovation with a EUR 50 million fund, increasing initial investments to up to EUR 3 million per startup, with follow-on funding totalling up to EUR 5 million to ensure long-term support. Investing under Article 9 of the SFDR, the accelerator and […]
The Public Transport Company of Timișoara (STPT), a major city in western Romania, said it will discontinue its electric scooter service, TroTM, starting this year. The decision comes due to concerns about the service’s efficiency and economic sustainability. Despite initial expectations, the TroTM service has seen limited usage, with only 350 users per month and […]
The Environmental Guard has fined Bucharest City Hall RON 100,000 (over EUR 20,000) for failing to implement several environmental measures, particularly regarding air quality and green space management. The sanction follows repeated inspections that revealed the municipality’s failure to comply with previous directives, according to the official announcement. One of the major issues identified is […]
The Babuk cybercrime network claims to have breached the system of the French telecommunications company Orange again on March 17, after the February 23 security breach, and stolen massive amounts of data. Now, the hackers threaten to make some of it public. In February, Romania’s National Cybersecurity Directorate, or DNSC, reported that the breach impacted […]
