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.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
