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.
Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels […]
A powerful explosion at a residential building rocked the Rahova neighborhood in southern Bucharest, District 5, on Friday morning, October 17, leaving 3 dead and at least 17 injured. The building is now at risk of total collapse, according to the authorities. The explosion affected two floors of an eight-story building, with the upper corner […]
Brașov City Hall announced that the Christmas lights will be switched on November 30, marking the official opening of the 2025 Christmas Market. The event is planned to take place across three main areas, namely Sfatului and Sfântul Ioan squares, plus the area of the Transilvania University Rectorate. The market will run from November 30, […]
SolarToday Eastern Europe commissioned a 10.32 MWh utility-scale battery energy storage system - BESS in Vaslui county, Romania. In addition, the company announced plans to expand its local presence further. The 10.32 MWh system stores solar power from a 6 MW photovoltaic park in Zorleni and delivers it during peak demand to help balance the […]
The Commander of the Central Military Hospital in Bucharest, Major General Florentina Ioniță-Radu, was brought to the headquarters of the National Anticorruption Directorate (DNA) on Thursday, October 16. She was questioned in a case investigating crimes of abuse of office, complicity in abuse of office, and usurpation of official positions. After the questioning, Ioniță-Radu was […]
Romania’s general prosecutor, Alex Florenţa, stated that thousands of refugees from Ukraine, who arrived in Romania after the start of the war in 2022, were interviewed by prosecutors as part of the international case investigating accusations of genocide. Alex Florenţa said on Thursday evening, October 16, on Radio...
