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’.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
