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 second stage of the international Grand Chess Tour, one of the most important chess tournaments in the world, will take place in Bucharest from May 7 to May 16. The first stage of will take place in Warsaw, Poland. However, the event’s opening will take place on May 6. In addition to these two, […]
Voxxed Days Bucharest 2025 concluded the 2025 edition on 27th March, after two days of successful workshops and conferences. "I'm grateful we managed to bring together 300 developers and tech team leaders again this year, in a conference dedicated to a passionate developer community. It was a significantly bigger effort than in previous years, given […]
Romania’s civil shelters, which are to be used to protect people in the event of armed conflict, are few, unsanitary, and largely obsolete in terms of equipment, according to a report by the Court of Accounts. The audit conducted by the Court of Accounts on the situation of civil...
The organizers of music festivals Untold and Neversea have signed an agreement with the Bucharest City Hall to organize a "mega-festival" in the capital this year. The large-scale project is set for a pilot edition this year, with plans to have it "grow year by year." It will take place at Arena Naţională. The talks […]
Around 61% of Romanians say they have been the target of online fraud attempts, the most common consequences being the infection of the device with malware or viruses (42%) and the loss of money (30%), according to the latest study conducted by Reveal Marketing Research. Of those who have been targeted, 39% have experienced such […]
Showpad, active in AI-driven revenue enablement technology, announced the official launch of its Research and Development center in Bucharest. With headquarters in Ghent (Belgium) and Chicago (US), Showpad is "strategically positioning its new R&D center to tap into the rich talent pool and burgeoning technology ecosystem of Romania." It also underscores Showpad's dedication to accelerating […]
