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.
The investment includes the modernization of the production unit in Crevedia and the launch of PIUA, Maidan’s first premium spreadable product range, responding to the growing demand in the ready-to-eat market. Maidan, a company active in corporate and private event catering, industrial catering and the development of its own gastronomic products, announces a total investment […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a new lease agreement for the relocation of Cencora Romania’s headquarters within One Cotroceni Park, the most modern business ecosystem in Bucharest. Cencora is a global leader in pharmaceutical solutions, dedicated […]
Unanimously adopted, the Nordis Law marks a decisive moment for Romania’s residential market. It introduces a set of rules designed to protect buyers, hold developers accountable, and reduce speculative risks, with a strong focus on transparency and stability. Under the new legislation, the reservation fee cannot exceed 5% of the property value, reservation contracts cannot […]
Via Dobrogeana, a planned trail covering the southeastern part of the country, aims to offer travelers the opportunity to explore the region's cultural and ethnic diversity. The trail will be about 850 km long, stretching from the 17th-century Sfânta Precista Monastery in Galați to Ialomița County. Via Dobrogeana will be a mixed route. In addition […]
Police and prosecutors carried out 25 searches in Romania and Italy on Tuesday, November 18, aiming to dismantle a group made up of four families, who allegedly sexually exploited, mainly in Italy, more than 30 victims. After the searches, 19 people were detained, and two others were placed under judicial control for forming an organized […]
Deep Purple, one of the most important rock bands in the world, is set to return to Romania for a concert on October 1, 2026, at the BT Arena in Cluj-Napoca. A giant in global rock, Deep Purple is one of the most appreciated bands in the world. The group boasts five decades of chart-topping […]
