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.
TikTok has launched an Election Center dedicated to Romania's upcoming elections as part of its broader effort to protect "the integrity of the platform" and promote access to reliable information. The initiative is supported by a new media literacy campaign and ongoing collaboration with more than 20 fact-checking partners, the company said in a statement. […]
Romanian acting president Ilie Bolojan met on Friday, April 25, with a delegation from the Office for Democratic Institutions and Human Rights, or ODIHR, of the Organization for Security and Cooperation in Europe (OSCE), according to a statement from the presidential administration. The acting president told the delegation that Romania "is faithful to democratic principles […]
Shareholders of Romanian oil company OMV Petrom recently approved the distribution of record dividends amounting to RON 2.8 billion (EUR 562.6 million) for the 2024 financial year, as well as the 2025 budget, which provides for investments of RON 8.1 billion (EUR 1.6 billion). The decision was taken during the Ordinary and Extraordinary General Meetings […]
The 2025 edition of the European Film Festival (FFE), which takes place this year in Bucharest and nine other cities, will screen more than 40 feature films, 28 of which are national premieres. The festival will also present two selections of short films, also screened as national premieres. Among them are 11 documentaries, 13 films […]
Update: The Romanian Ministry of Foreign Affairs said in an official press release that the Romanian citizen was initially detained in the Abkhazia region four months ago and was later transferred to Sochi, Russia. "Steps have already been taken to provide consular protection and assistance with the central and local authorities, in accordance with international regulations," […]
Russia’s Federal Security Service, FSB, said on Friday, April 25, that it arrested a 23-year-old Romanian citizen on suspicion of spying for Ukraine by sharing the locations of Russian air defense systems. The unnamed man is accused of collecting and transmitting information about air defense sites in the Black Sea resort city of Sochi to […]
