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.
Romania’s Central Electoral Bureau, BEC, rejected the registration of Călin Georgescu's candidacy on Sunday, March 9. Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s annulled presidential elections, officially submitted his candidacy for the repeat presidential election on Friday, March 7. BEC's...
Călin Georgescu, the far-right, Russia-friendly politician who surprisingly emerged as the first-round winner of last year’s annulled presidential elections, officially submitted his candidacy for the repeat presidential election on Friday, March 7. Outside the Central Electoral Bureau (BEC) headquarters in Bucharest, supporters gathered to chant...
Romania’s anti-fraud agency ANAF will look into roughly 23,000 individuals who have earned income from renting properties for tourism purposes through online platforms such as Booking.com and Airbnb, according to finance minister Tanczos Barna. Individuals identified in this situation will receive compliance notifications, and anti-fraud inspectors will initiate audits where necessary. While obtaining such information […]
The Circular Catalysts program, an initiative of the British Council in partnership with the Romanian Cultural Institute, is making a return to Romania with the reopening of its documentary exhibition at the Museum of History and Ethnography in Târgu-Neamț. Running from March 7 to May 11, the exhibition showcases collaborations between Romanian and British designers, […]
Bucharest general mayor Nicușor Dan submitted his candidacy for the 2025 presidential elections on Friday, March 7, the first to do so among the announced candidates. He is running as an independent, and was assisted by volunteers to gather the necessary signatures. The 2025 presidential elections will take place on May 4 (first round) and […]
Brașov city officials are considering a proposal from a German company that aims to set up a Treetop Walk in the up-and-coming mountain city. It would be the first of its kind in Romania. The company's representatives made a first presentation of the concept on Thursday, March 6. The initiative aims to develop sustainable tourism […]
