Austrian banking group Erste said that Romania’s inflation is expected to reach 4.3% by the end of 2023, in line with its previous forecast. Romania's consumer prices rose by 7.4% in January, accelerating from a 6.61% increase in December and marginally surpassing Erste's estimate of 7.34%, the banking group said in an updated research report on Wednesday. The forecast error regarding the inflation rate in January was due to costlier water and sewerage services. However, core inflation declined by 0.2 percentage points (pp) to 8.2% year-on-yearin January, in line with Erste's forecast. The share of food products in the January consumer basket rose by nearly 0.7 pp, while non-food items and services saw their shares diminish by approximately 0.5 and 0.1 percentage points, respectively. Fuel and non-oil energy items represented 18.2% of the consumer basket, up from 16.3% previously. On Wednesday, Romania's central bank decided to keep its monetary policy rate unchanged at 7%, as anticipated by Erste in January. Erste said they stick to its call for the first rate cut in May, and expect the key rate to ease to 5.75% by the end of the year.
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
