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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
