The annual inflation rate in the European Union rose to 2.7% in May, from 2.6% in April, while Romania is, for the fifth month in a row, the country with the highest inflation in the EU bloc, shows the data published on Tuesday by the European Statistical Office (Eurostat). In May, the EU member states with the lowest annual inflation rates were Lithuania (0%), Finland (0.4%) and Italy (0.8%). At the opposite pole, the EU member countries with the highest inflation rates were Romania (5.8%), Belgium (4.9%) and Croatia (4.3%). Compared to April 2024, the annual inflation rate decreased in 17 member states, including Romania, from 6.2% to 5.8%, remained stable in two countries and increased in 14 member states. In the euro zone, the annual inflation rate stood at 2.6% in May, up from 2.4% in April. Eurostat data show that core inflation, i.e. what remains after the prices for volatile goods such as energy and food are removed, rose to 2.9% in May, from 2.8% in April. Another indicator that, in addition to energy and food prices, also excludes cigarette and alcohol prices, rose to 2.9% in May, from 2.7% in April. Core inflation is the indicator closely followed by the ECB when elaborating its monetary policy decisions. In the case of Romania, the National Institute of Statistics (INS) previously informed that the annual inflation rate dropped, in May 2024, to 5.12%, from 5.9% in April, under conditions in which food commodities they increased in price by 1.24%, non-food by 6.38%, and services by 9.29%.
Transgaz (BVB: TGN), the operator of the national natural gas transmission pipeline system, has increased its consolidated net profit almost fivefold in the first nine months of the year, compared to the same period in 2024, rising from RON 144.7 million (EUR 28.5 million) to RON 682 million (EUR 134.1 million), according to the report. Transgaz’s […]
The griffon vulture (Gyps fulvus), a species that has been extinct in the country for over 70 years, will be reintroduced in a project carried out by nature conservation non-profit Conservation Carpathia Foundation (FCC). The project, part of wider efforts to restore biodiversity in the Făgăraș Mountains, will be carried out in several stages, in […]
azitis.com, a major auction platform in Romania, announced the sale of three aircraft frames that were previously part of the fleet of now-bankrupt airline Blue Air. The engine-less aircraft were each sold for over EUR 45,000 and are set to be converted into hotels and restaurants. The aircraft sold are Boeing 737-530, Boeing B737-5L9, and […]
The seventh edition of Classix Festival will be held in Iași between March 1 and 8, 2026, with the concept Art & Mind, the organizers announced. The theme "will be a call to presence, slowing down, and rediscovering the fact that behind every act of creation lies the most complex instrument of all: the human […]
A third of Romanians living in Spain have higher education, even though the majority work in fields, unlike other nationalities, especially those from northern Europe, according to a new report from the Spanish Statistical Institute quoted by Digi24. The study is complex and details the structure...
Daniel Băluță, the mayor of Bucharest’s District 4 and the Social Democratic Party’s (PSD) candidate for the capital’s City Hall, took the helm of the party’s Bucharest branch on Thursday, November 13, after being elected during an extraordinary conference. He was the sole contender for the position, according to
