1. The Consumer Price Index (CPI) – indicator for determining inflation at national level - Consumer prices were up 0.7% in December 2021 from November 2021. - The annual inflation rate in December 2021 compared to December 2020 is 8.2%. - The average consumer price rate over the last 12 months (January 2021-December 2021) as compared to the previous 12 months (January 2020-December 2020) is 5.1%. 2. The Harmonised Index of Consumer Prices (HICP) – indicator for determining inflation at the level of EU Member States - The Harmonised Index of Consumer Prices in December 2021 compared to November 2021 is 100.51%. - The HICP-based annual inflation rate in December 2021 compared to December 2020 is 6.7%. - The HICP-based average consumer price rate over the last 12 months (January 2021-December 2021) as compared to the previous 12 months (January 2020-December 2020) is 4.1%. Out of the food products, the ones that increased the price the most were: eatable oil by 27.17% in December 2021 over December 2020 (and by 1.36% against November 2021), oil, bacon, fats, by 24.82% in December 2021 against December 2020 (and by 1.34% against November 2021) as well as potatoes by 24.89% in December 2021 against December 2020, and by 4.42% against November 2021. For this category, the only products which got cheaper were citrus fruits and Mediterranean fruit which got cheaper by 3.1% in December 2021 against November 2021. Similarly, for non-food products, most expensive have become natural gas by 51.57% in December 2021 against December 2020 and by 1.44% against November 2021. Electricity, gas and central heating got more expensive by 28.10% in December 2021 against December 2020 and by 3.91% against November 2021. Fuel got more expensive by 22.45% in December 2021 against December 2020 and got cheaper by 0, 78% against November 2021. As for services, in December 2021 against December 2020 postal services got most expensive by 22.5% and by 16.08% against November 2021. Air transport got cheaper by 6.38% in December 2021 against December 2020 but it got more expensive by 19.79% against November 2021.
La French Tech Bucharest announces the third edition of its highly anticipated flagship event, Sustainability meets Profitability, set to take place on April 8th, 2025, at the Romanian - American University (1B Expoziției Boulevard, Bucharest), starting at 18:30. Sustainability meets Profitability event will explore the new regulations companies—big or small—must navigate and how they can turn […]
The builders of Romania’s important A1 Sibiu – Pitești highway are set to start the construction of a bridge over 300 meters long and at least 100 meters wide, allowing the animals of the Southern Carpathians to cross from one side to the other. The investment will pay off as a corridor for large mammals […]
The local business services industry has potential for growth, even if it will see a slower pace because the market is a mature one and given the high regional and global competitiveness, according to a report carried out by the Association of Business Service Leaders in Romania (ABSL) in partnership with Deloitte Romania. Still, the […]
Several Romanian military personnel who were on parental leave went to Congo as mercenaries, according to a statement from the Ministry of National Defense. The issue of active soldiers taking mercenary work first came up on the public agenda after PressOne...
The European Investment Bank and the government of Ukraine have agreed to allocate EUR 50 million from EIB funding to Ukraine's national railway company, Ukrzaliznytsia, for the modernization of key railway border crossings with Poland, Slovakia, Hungary, and Romania. The project includes repairs to worn-out railway tracks, the relocation of wagon inspections, the reconstruction of […]
Medicover has acquired the operations of the lab tests provider Synlab Group in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia in a transaction worth EUR 71.3 million, the company announced. The transaction was financed from Medicover's own sources. It was carried out by Medicover for its diagnostic services division, present in Romania under the […]
