A double-digit inflation rate in Romania will fortunately be unlikely moving forward, as currently inflation is on a downward curve, according to Chairman of the National Institute of Statistics (INS) Tudorel Andrei."In terms of inflation, fortunately we are on a downward curve. A double-digit inflation rate of over 10% will probably be unlikely moving forward," Andrei told the release of the "Romanian Entrepreneurship Index H1 2024," the newest survey of the Romanian business community, adding that that is his point of view as a researcher.According to the survey, for 2023, INS data show a falling inflation rate as against 2022, but still very high. The 10.4% inflation rate is 0 points in the index.The score of the Romanian Entrepreneurship Index is 49 points out of 100 in the first half of 2024, a moderate level of the entrepreneurial system. The four categories of the index are critical or weak entrepreneurship, moderate entrepreneurship, emerging entrepreneurship and solid entrepreneurship.In addition to the inflation rate, other important aspects signalled in the survey for 2024 were: the unemployment rate in 2023 - of 2.93% - a small decrease from 2022; the net average monthly salary advanced 15.48% y-o-y.Among the contextual developments negatively impacting SMEs, 79.56% of the entrepreneurs say bureaucracy and taxation, 28.93% the level of investment of the business community, 55.98% corporate lending, 61.63% qualifications, skills and level of professionalism on the workforce.More than a third (38.61%) of SMEs are expecting positive developments in Romania's economy for their businesses in 2024, and 30.57% of SMEs an increase in exports this year as against 2023.Inflation is the rate of increase in prices over a given period of time. For 2023, INS data show falling inflation compared with 2022, but still very high.
Nearly seven out of ten Romanian employees say their job negatively impacts their overall wellbeing, while only 37% receive any form of non-wage benefits, according to a new study conducted by Reveal Marketing Research in partnership with Up Romania. The research explored how Romanians define complete wellbeing, or “Wellbeing 360°,” and what factors most influence […]
Former presidential candidate Călin Georgescu asked the Supreme Council of Magistracy (CSM) to take measures against president Nicușor Dan for allegedly pressuring judges and interfering in the justice system, G4media.ro reported. The far-right...
Technology company Endava has signed a framework agreement with Romania’s Authority for Digitalization (ADR) to support the migration of at least 30 government applications to the new Government Private Cloud, a project funded through the National Recovery and Resilience Plan (PNRR). The collaboration marks a major step in Romania’s digital transformation strategy, aimed at creating […]
Cris-Tim, the leader in the Romanian cold cuts and ready meal markets, announced on October 15 that it has received approval from the Financial Supervisory Authority to list its shares on the Bucharest Stock Exchange (BVB). The offering is taking place between October 17 and 29. The initial public offering consists of the sale of […]
The private pensions law, which sets out how money can be withdrawn from private pension systems like Pillar II and III, passed the final vote in Parliament and is heading for promulgation. According to the new regulation, participants could withdraw at most 30% of the accumulated savings upon retirement. The rest of the money is […]
The Petrotel Lukoil refinery in Ploiești, in Romania’s Prahova county, will shut down completely for 45 days for a scheduled general overhaul, the company announced on Thursday, October 16. The maintenance work will take place between October 17 and November 30 and will cover both technological installations and auxiliary units,
