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.
Romania has one of the lowest levels of property taxation in the European Union, with annual payments averaging under EUR 100 per person - more than seven times below the EU average, real estate consultancy Cushman & Wakefield Echinox said in an analysis based on Eurostat data. The study found that Romania collects property tax […]
The City Hall is set to hold a series of events dedicated to the Bucharest Days celebration on the weekend of September 20-21, including open-air concerts, theater performances, film screenings, exhibitions, and guided tours. The event starts with "Open Streets - Bucharest. Urban Promenade," which will bring to life this anniversary weekend on Calea Victoriei […]
A Romanian Air Force C-130 Hercules aircraft evacuated 10 Palestinian patients from Gaza on Wednesday, September 17, in a humanitarian mission coordinated with European and international partners, Romania’s Department for Emergency Situations (DSU) said. The patients, accompanied by 28 relatives, were flown from Israel’s Ilan and Asaf Ramon International Airport to Bucharest’s 90th Airlift Base […]
Romanian developer One United Properties (BVB: ONE) has signed a memorandum of understanding (MOU) with lifestyle hospitality company Ennismore to open a hotel under the brand The Hoxton in Bucharest. The Hoxton Bucharest will be located on Academiei Street, close to the University of Architecture. The hotel will rise on the site of three historic […]
Fewer than three out of four Romanians have a good opinion about the introduction of voluntary military service, a ratio slightly lower compared to a decade ago in 2015, the percentage being now lower among the AUR and PSD electorate, according to an ISCOP Research survey published on September 17 in the context of Russia […]
Romanian president Nicusor Dan informed the Parliament that he approved a request by the United States to bring additional forces to Mihail Kogalnicanu base at the Black Sea, in light of the rising tensions in the Middle East, according to
