The annual EU inflation rate grew in December 2021 to 5.3% , to 5.2% in November 2021, member countries with the highest rates being Estonia (12%), Lithuania (10.7%), Poland (8%), Latvia (7.9%), Hungary (7.4%) and Romania (6.7%), according to data released by Eurostat on Thursday. The annual inflation rate grew in December 2021, compared to November 2021, in 18 member states, it dropped in another 7 states and remained stable in 2 states – France and Romania, where the annual inflation rate remained stable at 6.7%. In the euro area, the annual inflation rate grew to a record level of 5% in December , from 4.9% in November. Compared to a year before, the inflation rate I the euro zone was minus 0.3%. For states in the euro zone, the most significant impact on the annual price increase came from energy, where a 2.46% increase was recorded, flowed by prices for services which recorded an increase of 1.02%. Eurostat data also show that core inflation in the euro zone indicates what remains after prices for volatile goods such as energy and food are eliminated, grew by 0.4% from one month to another and by 2,4% at annual rate. Also, an indicator which besides prices for energy and food excludes prices for cigarettes, grew by 2.6% at annual rate. Core inflation is the indicator followed attentively by BCE in elaborating its monetary policy decisions. Christine Lagarde, the president of the Central European Bank, declared on Thursday that inflation in the euro area will be stabilized and will gradually drop during 2022. “According to our December estimates, in 2022 inflation will be 3.2%”, Lagarde said. In Romania's case, the National Statistics Institute informed that the annual inflation rate had been 8.19% in December 2021, from 7.8% in November, in conditions when, prices of non food goods went up by 10.73%, food by 6.69%, and services by 4.49%. INS pointed out that consumer price index in December 2021 compared to November 2021 was 100.51%. The annual inflation rate in December 2021, compared to December 2020, was 6.7%. According to the latest BNR Report on inflation, released in November, the annual IPC inflation rate was 7.5% in December 2021 and is foreseen to drop to 5.9% at the end of the year.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
