The National Bank of Romania (BNR) has revised upwards, to 6.1%, from 5.5% previously, its inflation forecast for the end of 2026 and anticipates that it will reach 3.4% at the end of 2027, as against 2.9% previously, according to data presented on Thursday by the governor of the National Bank of Romania, Mugur Isarescu."Our forecast looks like this: rapid, strong decrease in inflation throughout the end of the year, with fluctuations, especially in the last months of this year. My colleagues introduced to the previous forecast, a slight increase from 5.5% to 6.1%for December. Why? Because what is now certain has been introduced: heatwave, drought and the impact on electricity production and, in general, the impact on the energy situation in Romania. But, even 0.5 points higher, the trend is still decreasing, and we enter the range of variation around the target in Q4 2027. So we have, in essence, kept the prospect of a broad correction in this quarter, an almost halving of the annual inflation rate, as a result of the dissipation of the direct statistical effects related to the increase in VAT rates, excise duties and electricity prices in the previous year. And gradually, over the next year, we enter the inflation target, a gradual decrease in inflation and we hope that, in the absence of factors that can change this trajectory, we will reach the target in Q4-2024," said Mugur Isarescu, at a conference for the presentation of the Inflation Report.He mentioned that for this year, there is a further increase in fuel prices. According to the presentation data, fuels have a share of 1.1 percentage points in the final inflation of 6.1%.
Meeting between Prime Minister Ilie Bolojan and European Commissioner for Equality, Preparedness and Crisis Management, Hadja Lahbib Prime Minister Ilie Bolojan received today, at Victoria Palace, the European Commissioner for Equality, Preparedness and Crisis Management Hadja Lahbib. The discussions focused on cooperation between Romania and the European Commission in the...
The third edition of the international polo tournament will take place from 25 to 27 September at Singureni Manor Equestrian Retreat American actress and producer Kat Graham, Lady Amelia Spencer Mallett, Lady Eliza Spencer and model and digital creator Dina Sae, are among the international guests attending the third edition...
Cooperation between the Romanian Armed Force and the US National Guard, enhanced through new joint training projects On Tuesday, September 8th, the Chief of the Romanian Defence Staff, General Gheorghiță Vlad, met, at the Ministry of National Defence headquarters, with General Thomas M. Carden, the Deputy Chief of the National......
Innovative Medicines and Treatments Reduce Healthcare Costs in the Long Term The healthcare system represents critical infrastructure, where access to medicines and innovative treatments brings long-term benefits. Any investment in healthcare is an investment in human capital, as employees who come to work every day need to be healthy enough...
Pop culture fans can celebrate at a dedicated event, music takes over the city’s Floreasca district, and a 5.5 km table set in downtown Bucharest aims to raise funds for the country’s first pediatric psychiatry hospital. In Bucharest: East European Comic Con 2026 September 11 – September 13 The event celebrates pop and brings together […]
Wolf Theiss has advised DTEK Renewables International B.V. (DRI), a leading investor and operator in the renewable energy sector across Romania and the EU, on the refinancing of a EUR 50.6 million senior construction bridge facility for a 60 MW wind farm located in Ruginoasa, Iaşi County, Romania. Kommunalkredit Austria...
