The National Bank of Romania (BNR) has worsened its inflation forecast to 12.5% by the end of 2022, estimating inflation at 6.7 by the end of 2023, according to data released by BNR Governor Mugur Isarescu on Thursday.In February 2022, BNR estimated an inflation rate of 9.6% for the end of 2022 and 3.2% for 2023.According to BNR, in the medium term, inflationary pressures related to production costs are expected to gradually decrease, but their effects will persist for 12 more months at the level of the annual CPI inflation rate.According to the presentation, BNR is expecting the annual CPI inflation rate to accelerate in growth by June as a result of pressures from production costs, recently exacerbated by Russia's invasion of Ukraine. The Central Bank notes that this is expected to be followed by a gradual slowdown, to be only temporarily halted in the second quarter of 2023, when electricity and gas price caps expire. Amid adverse developments related to the war in Ukraine, substantial resetting of the coordinates in the basic scenario is not excluded.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
