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.
The first self-service mobile phone repair shop in Romania opened in the city of Iasi, aimed at promoting sustainability and the right of users to maintain their own devices in safe and efficient conditions. The initiative aims to promote the right to repair, following European Directive 2024/1799, to support the tech community and DIY repair […]
Ukrainian refugees living in Cluj County, central Romania, have restored a playground in the suburb of Florești as a sign of gratitude for the support offered by Romanians after the start of the war in Ukraine. According to representatives of the Association of Ukrainian Youth in Romania (or ATUR), this project was entirely funded and […]
The Brașov Jazz & Blues Festival returns for its 13th edition from August 14 to 17, transforming the city into a multi-stage celebration of jazz, blues, gospel, and live improvisation. This year's edition will take place in seven locations across Brașov and nearby areas, featuring live music, film screenings, jam sessions, and family-friendly activities. The […]
Affinity Life Care, the largest private network of residential centers for the elderly in Romania, announced the attraction of a growth equity investment from BlackPeak Capital, a private equity fund active in Southeastern Europe. At the moment, Affinity operates three centers in the most important areas of the Romanian capital, with a capacity of over […]
Tensions have emerged within Romania's ruling coalition following disagreements over the state funerals of former president Ion Iliescu. The Social Democratic Party (PSD) announced on Wednesday, August 6, that it would suspend participation in coalition meetings, citing what it described as "public incitement to hatred" from the Save Romania Union (USR). The dispute centers on […]
When you’re craving something out of the ordinary, Boromir’s collection of Slowly Leavened Croissants with Natural Sourdough is here to transform your snacking experience. We’ve turned your search for a unique, memorable flavor into a delightful range of croissants where every bite is a surprise. With their irresistible combination of textures and flavors, Boromir Croissants […]
