The inflation rate might be, this year, slightly under 8%, but probably in the first quarter of 2024 we will have an increase of prices, as there will be new taxes, stated on Thursday, in a conference of economic issues, Adrian Codirlasu, vice chairman of CFA Romania.‘We are on a dropping trend of inflation. This year might be closed with an inflation rate slightly under eight percentage points. The disinflationist process will continue next year as well, but it will not be easy (…) we will have an episode in Q1 of increase of prices, after which the inflation will continue to drop. I would say that we could get somewhere towards 6% at the end of next year, even slightly under. I think that we will have higher inflation for a long time, we will get to the target of 2.5% with much difficulty. Until then, no central bank gave a sigh of raising the target’ explained the CFA Romania representative.In August, BNR revised upwards, at 7.5% the inflation prognosis for the end of this year and at 4.4% for the end of 2024.The specialists and consultants in the banking system recently participated in the online conference with the topic ‘The evolution of interests in the context of inflation adjustment’.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
