The annual inflation rate is expected to continue its pronounced upward trend up to mid next year, and implicitly will rise above the target interval and values previously predicted, mainly as an effect of the ample increases anticipated to be noted in the price of energy products in Q4 2021 and Q1 2022, shows the National Bank of Romania (BNR), in a release.According to the BNR, important sources of uncertainty and risks remain, at the same time, the conduct of fiscal policy, as well as the absorption of European funds, with priority of those referring to the Next Generation EU programme, including in the context of the political crisis, given, among others: the unknowns regarding the second budget revision this year and the coordinates of the budget draft for 2022, which would attest the acceleration in perspective of the fiscal consolidation, according to the commitments assumed in the context of the excessive deficit procedure; the legal and technical procedures that must be finalized to obtain pre-financing from funds coming from the National Recovery and Resilience Plan (PNRR), together with the targets and benchmarks that condition the receiving of later tranches of financing.Wave four of the pandemic and the restrictive measures associated continue, also, to generate uncertainties and great risks on predictions, especially in near perspective, in the context of the grave public health crisis provoked internally and the potential implications on economic activity and the labor market, but also on the backdrop of its extension in other European states, strongly affected by the energy crisis and the persistence of blockages in production and supply chains.BNR mentions that it is monitoring carefully the developments of the internal and international environment and is ready to use the instruments at its disposal in view of fulfilling the fundamental objective regarding the stability of prices on the medium-term.
Over one million Romanians celebrate their name day on April 23, honoring Saint George (Sfântului Gheorghe in Romanian), one of the most venerated saints in Orthodox Christianity. According to the General Directorate for Persons Records, quoted by Agerpres, the most common male names associated with this celebration include...
The first padel club in western Romania, Padel Center, will host the first padel tournament within the official calendar of the International Padel Federation (FIP) organized in Romania and the Balkans. The FIP SILVER ROMANIA tournament will take place from May 26 to June 1, on the Padel Center courts in Dumbrăvița (6 Praga Street), […]
Romania’s Competition Council has authorized the transaction through which electronic retailer Altex takes over DIY chain Brico Depot Romania, a network with 32 stores and 2,000 employees, in a deal valued at EUR 70 million. Altex is one of the leading retailers of electronics in Romania, while Brico Depot offers products in categories such as […]
Romanian poets Teona Galgoțiu and Radu Nițescu, along with Swedish poets Jonathan Brott and Filip Lindberg, will take part in the 13th edition of the Romanian-Swedish Translation Workshop, to be held between April 23–30 in Stockholm. The workshop is organized by the Romanian Cultural Institute in Stockholm and the National Book Center (CENNAC) in partnership […]
The Irish dance group Lord of the Dance will return to Romania on April 2 and 3, 2026, with the "30th Anniversary Tour." The troupe founded by the well-known Michael Flatley will perform the two shows in Romania on April 2, at the BT Arena Polyvalent Hall in Cluj Napoca, and on April 3, at […]
The National Opera in Bucharest will host the "I Exist Too!" charity concert, featuring Byzantine music, in support of children diagnosed with autism, on May 26. The goal of the concert is to raise the necessary funds to support families whose children have been diagnosed with autism spectrum disorders. All proceeds from donations and ticket […]
