The annual inflation rate in EU went up in March to 7.8%, from 6.2% in February, member countries with the highest rates being Lithuania (15.6%), Estonia (14.8%), Czech Republic (11.9%), the Netherlands (11.7%), Latvia (11.5%), Bulgaria (10.5%), Poland (10.2%), Spain (9.8%) and Romania (9.6%), according to data published by Eurostat on Thursday. In comparison to the February 2022 situation, the annual inflation rate grew in 25 member states, Romania included, from 7.9% to 9.6%. In March 2021, the annual inflation rate in EU was 1.7% and in Romania it was 2.5%. In the euro zone, the annual inflation rate grew to 7.4% in march, from 5.9% in February. A year ago the annual inflation rate in the euro zone was 1.3%. For states in the euro zone, the most significant impact on the annual price rise came from energy, where an increase of 4.36%, followed by prices of services which recorded an advance of 1.12% and the price of food, which grew by 1.07%. Eurostat data show that core inflation in the euro zone grew by 3.2% annually, over the BCE target. Core inflation is is the indicator attentively watched by BCE in elaborating its monetary policy. In Romania's case, the National Statistic Institute previously informed that the annual inflation rate went up to 10.15% in March 2022 from 8.53% in February, because prices of non food goods were by 10.86% more expensive, food by11.20% and services by 6.53%. According to the source quoted, the harmonized price index of consumer goods in March 2022 against February 2022 was 101.95%. The annual inflation rate in March 2022 compared to March 2021, calculated based on the harmonized index of consumer prices is 9,6%. BNR foresees an inflation of 11.2% at the end of quarter 2, 2022, of 10.2% in quarter 3 and 9.6% in quarter 4, 2022, according to the quarterly report on inflation.
The third breast milk bank in Romania has opened at the Sibiu County Hospital, following a RON 13.5 million (about EUR 2.7 million) investment aimed at modernizing the hospital’s neonatology department. The modernization project, financed through the National Recovery and Resilience Plan, included the replacement of old equipment, a 20% increase in the number of […]
President Nicuşor Dan stated on Wednesday, July 30, in a press conference that the current system, which allows magistrates to retire under the age of 50 with a pension higher than their salary, is absurd. He also criticized the Superior Council of Magistracy, or CSM, for the current “disorderly” state of the Romanian justice system. […]
Forty Romanian firefighters and eight fire trucks left for Greece on Wednesday, July 30, to participate in firefighting missions, the General Inspectorate for Emergency Situations said. Between August 1 and September 15, Romania will take part in the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) program aiming to support the Greek […]
Integrated facility and property management services provider Nazca has opened its first office outside Italy, its domestic market, in Bucharest. Nazca expects revenues of over EUR 1 million next year in Romania, and in the next 3 years, the growth plan aims to reach EUR 10 million, with target sectors being office buildings, retail, industrial […]
The 19th edition of TIFF Sibiu, one of the local editions of the Transilvania International Film Festival (TIFF), the largest film event in the county, will present a program of international films and the latest productions by Romanian fillmakers, who will attend the event. The festival takes place between August 7 and August 10, with […]
Moldovan carrier Flyone will add a route between Bucharest and Munich starting in October. The flights to Munich will be operated on Mondays, Wednesdays, and Fridays. This adds to the flights it has connecting the Romanian capital to Tel Aviv, Brussels, and Verona. With these routes, the airline is responding to the constant demand from […]
