After ten months in which Romania had the highest inflation in the EU, in January the first place was occupied by Hungary, with 5.7%, followed by Romania (5.3%) and Croatia (5%), according to data published on Monday by the European Statistical Office (Eurostat). The annual inflation rate in the European Union rose to 2.8% in January, from 2.7% in December, while in the euro area inflation rose to 2.5% in January, from 2.4% in December. Inflation in the euro area is above the European Central Bank’s 2% target. Last month, the lowest annual inflation rates in the EU were recorded in Denmark (1.4%), Ireland, Italy and Finland (all 1.7%). Compared with December 2024, the annual inflation rate fell in eight EU Member States (including Romania, from 5.5% to 5.3%), remained stable in four and increased in 15 EU Member States. Eurostat data also shows that core inflation in the euro area, i.e. what remains after volatile goods prices such as energy and food are removed, remained unchanged at 2.7% in January, a level it has been at since September. Core inflation is the indicator closely monitored by the ECB when making its monetary policy decisions. In Romania, according to data recently published by the National Institute of Statistics (INS), the annual inflation rate fell to 4.95% in January 2025, from 5.14% in December, as food prices rose by 4.54%, non-food prices by 4.60%, and services by 6.54%. “The consumer price index in January 2025 compared to December 2024 was 100.92%. The annual inflation rate in January 2025 compared to January 2024 was 5%. The average rate of change in consumer prices in the last 12 months (February 2024 – January 2025) compared to the previous 12 months (February 2023 – January 2024) was 5.4%,” the INS press release states. The National Bank of Romania (BNR) has revised upwards, to 3.8%, from 3.5% previously, the inflation forecast for the end of 2025 and anticipates that it will reach 3.1% at the end of 2026, according to data presented on February 17 by the Governor of the BNR, Mugur Isarescu.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
