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.
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...
