The Board of Directors of the National Bank of Romania (BNR) has discussed a potential timetable for reducing the monetary policy rate, but it takes two months to confirm that inflation is definitely coming down after a spike in January, BNR Governor Mugur Isarescu said on Thursday at a conference where he released the bank's latest monthly inflation report."I'm making one more comment here, because I understand that it concerns public opinion. With two inflation forecasts almost similar, from our point of view, so clearly downwards, and with the objective of reaching our (inflation) target - of course we also discussed a trajectory or, not to say forecast, a potential timetable for reducing the monetary policy interest rate. But mind you, we've had this trend upward since January. We need at least two months to confirm that inflation is really coming down. And let's not forget that we have adopted this policy of letting liquidity be absorbed daily at the deposit rate at 6%, not 7%. So basically, that's where we start calculating for more than a year. And the interest rates in the market, IRCC [consumer credit reference index] for a long time, but now also ROBOR [Romanian interbank offer rate], are around 6%," said Isarescu.The annual inflation rate jumped to 7.41% in January 2024 from 6.61% in December 2023, as food prices rose by 5.64%, non-food prices by 7.36% and services by 10.91%, according to data with the National Institute of Statistics (INS) released on Wednesday.The National Bank of Romania (BNR) has downwardly adjusted, to 4.7%, its inflation forecast for the end of 2024, from 4.8% in November 2023, expecting it to go down to 3.5% at the end of 2025, according to data released on Thursday by BNR Governor Mugur Isarescu.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
