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’.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
