More than half of the inflation registered in December 2021 is attributed to the direct effects of energy prices, says Cristian Popa, Board Member of BNR (National Bank of Romania), in an article which will be published on the BNR's Opinion blog."Romania cannot afford to remain out of global tendencies without being penalized by financial markets with pressure on the exchange rate and in general by higher inflation pressures. It must be said that there are prices that cannot be controlled by BNR: such as gas prices, electricity or those administered (ticket fare or cigarettes' prices, for example), and the central bank cannot lead a war, because its instruments have very little influence, towards none, upon these prices. But it also cannot abstract from them," Cristian Popa showed, in an article "Fight against continuous inflation".He said that the bill for inflation will be paid by increasing prices for goods and services, it is mainly paid by those with fixed income which does not quickly adjust upwards, but also by those who have savings or monetary holdings, "under the mattress" or in fixed income instruments.Cristian Popa says that inflation can become destructive, if allowed to get out of control or to reach high levels, but says that the good news is that the central banks have a treatment for inflation, which is increasing interest rate, meaning making money more expensive.In his opinion, the wages-prices spiral represents a clear example of not being in touch: if the public no longer believes that the central bank will handle inflation, they will ask for salary adjustments which will include their expectations, higher, for inflation, and added that relaxed or too relaxed fiscal policies can have an inflationary character.
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
