Over the last two decades, prices of fuel and lubricants for personal transport in the EU have been extremely volatile, with annual inflation rates ranging from -20% to +20%. This volatility has recently become very pronounced, with the annual rate of change climbing from a low of -20% in May 2020 to +23% in September 2021. The most recent peak and valley of similar magnitude were recorded a decade ago, with the annual rate of change climbing from a low of -19% in July 2009 to a peak of +20% in March 2010. In September 2021, Luxembourg recorded the highest annual rate of change among the EU countries (+31%). It was closely followed by Romania (+29%) and Slovenia (+29%). On the other hand, the lowest annual inflation rates were recorded in Ireland (+15%), Italy, Finland and Greece (all +18%). These data are released by Eurostat, the statistical office of the European Union.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
