Our inflation target for the end of this year is 4.4%, announced on Friday the minister of finances, Marcel Bolos, who added that at present there are elements which could put pressure on inflation."This deflation process that started in February will continue further, because our inflation target for the end of the year is 4.4% . (.) There are no elements, no clues, to put pressure on inflation. "At the level of the European Union it has decreased very much, Bolos said, at Digi 24. Asked how he explains the fact that Romania is the country in the EU with the highest inflation, the head of finances mentioned that at the end of 2023 the annual average rate of inflation was 10.4% and that tempering consumption could be a solution to stabilize and continue the decline process. The minister of finances states that at present the plan is a policy of stabilization of the public expenditure, which had an important share in the budget last year.Bolos was also asked how he explained the fact that a series of similar products from Italy or Spain are cheaper than in Romania, a country with a clearly inferior purchasing power. The minister’s answer was: ’There is an enigma which we can hardly explain, why the prices in Romania got to be rather high for food, and in general, for products which come from the individual farmers’ households?’The minister added that he refuses to think what might happen if there was no measure to cap the commercial addition to basic foods and yet ‘the prices continue to rise’. Romania has some commitments for 2025 and the National Plan for Recovery and Resilience mentions the fact that the share of fiscal income in GDP has to increase by 2.5 percentage points against 2019, stated on Friday the minister of finances, Marcel Bolos.
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month. The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the […]
Animest, Romania’s leading animation film festival, returns to Bucharest this autumn with a special 20th anniversary edition. Running from October 3 to 12, the festival invites audiences to explore the theme of "the journey” - a metaphor for both its two-decade history and the personal, emotional paths traced through animated storytelling, the organizers said. Last […]
An article delving into the benefits of hydrotherapy, published by the famous US newspaper The New York Times, features a recommendation for six wellness centers, including Romania’s Therme center. According to the article, “studies show that immersion in water, hot or cold, can calm the nervous system, reduce joint pain and inflammation, stimulate circulation, lower […]
Plastic surgeon Tiberiu Paul Neagu, head of the Burns Center at Floreasca Hospital, one of the major hospitals in Bucharest, was dismissed on Monday, August 4, after a patient was transferred to Belgium following multiple multi-resistant hospital-acquired infections. The scandal broke out when a patient with burns over 70% of her body, who had been […]
The Buzău Land/Ținutul Buzăului UNESCO Global Geopark has received high praise from evaluators following a three-day official visit aimed at assessing its progress and determining whether the site will retain its UNESCO geopark status. The visit, conducted in June by Goran Radonic (Croatia) and Iván Cortijo Sánchez (Spain), concluded with positive feedback for the geopark […]
One United Properties (BVB: ONE), a publicly listed developer that has so far been focused on Bucharest, announced the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu. The site, located on the former FLARO industrial platform, offers significant potential for urban regeneration, according to company […]
