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.
A new CURS poll published on Sunday, June 29, shows that if local elections were held in Bucharest next Sunday, reformist party USR would obtain 27%, followed by the Social Democratic Party (PSD) with 22%, and far-right party Alliance for the Union of Romanians (AUR) with 18%. The National Liberal Party (PNL) comes in fourth, […]
Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest indicted three individuals for an EUR 100 million fraud in a case involving both EU and national funds. Among those indicted is an Italian citizen, alleged to be the leader of the group, which operated between 2019 and 2024. The suspect was detained on February […]
The number of building permits for residential buildings increased by 0.6% in the first five months of 2025 compared to the same period in 2024, with 14,134 such permits issued, according to data published Monday by the National Institute of Statistics. Increases were recorded in the Western region (+166 permits), Center (+70), North-West (+68), South-East […]
Cluj-Napoca, a major city in Romania’s Transylvania region, is taking a step toward becoming a more animal-friendly city, as a new proposal allowing pets in public institutions has been opened for public debate. Mayor Emil Boc announced the initiative, stating, “A city that is friendly to animals is a better city for people.” The draft […]
The president of S.O.S. Romania, Diana Iovanovici Șoșoacă, announced on Monday, June 30, that three senators were expelled from the party, effectively disbanding the party’s group in the Senate. According to the Romanian Parliament’s regulations, a party must have more than seven members to establish a group in the Senate. With the expulsion of the […]
Chinese social media platform TikTok has reportedly opened a branch in Romania, following public criticism, along with governmental and EU-level scrutiny, after Romania’s last presidential elections. The local company is called Tik Tok Romania, has a share capital of RON 5,000, and provides other IT-related service activities. It will be managed by Laura Andreea Savu, […]
