The inflation annual rate in the EU dropped in March down to 2.6% from the level of 2.8% in February and one of 3.1% in January, but Romania, for the third time in a row is the country with the highest level of inflation in the community block, show the data published on Wednesday by Eurostat.In March, the EU member states with the lowest annual rates of inflation were Lithuania (0.4%), Finland (0.6%) and Denmark (0.8%). At the other end, the EU member states with the highest rates of inflation were Romania (6.7%), Croatia (4.9%) and Estonia and Austria (both with 4.1%). Compared to February 2024, the inflation annual rate dropped in 13 member states including Romania from 7.1% down to 6.7%, was stable in four countries and increased in ten member states.IN the euro zone, the inflation annual rate dropped from 2.8% in January to 2.6% in February, and in March got to 2.4%. Similarly, the Eurostat data show that core inflation, namely what is left after eliminating the prices for volatile goods, as well as energy and food, dropped down to 3.1% in March, from 3.3% in February. Another indicator which, besides the prices for energy and food, excludes prices for cigarettes and alcohol, dropped down to 2.9% from 3.1% in January. The core inflation is the indicator followed carefully by BCE for the drawing up of its decisions for monetary policy.In the case of Romania, the National Institute for Statistics (INS) informed that the inflation annual rate dropped in March 204 at 6.61% from 7.23% in February, as food got more expensive by 2.81%, non-food with 8.06% and services by 10.20%.According to the quoted source, the harmonised indicator of consumption prices in March 2024 compared to February 2024 was 100.45%. The inflation annual rate in March 2024 compared to March 2023 calculated on the basis of the harmonized indicator of consumption prices (IAPC) was 6.7%. The average rate of modification of consumption prices over the last twelve months (April 2023 – March 2024) against the previous twelve months (April 2022 – March 2023) determined on the basis of IAPC was 8.3%. The National Bank of Romania (NBR) has revised down to 4.7% its inflation forecast for the end of this year, from 4.8% in November, and expects it to reach 3.5% by the end of 2025, according to data presented in February by Central Bank’s Governor Mugur Isarescu.
INVOLI, together with Vantage Towers Romania, proudly announces an enhanced strategic partnership aimed at transforming air traffic surveillance throughout Romania regional airports. This initiative marks a significant step in our joint commitment to advancing safety and operational efficiency across all levels of Romanian airspace. Partnership Overview Extended Collaboration: Building on the successful implementation of the […]
Emanuele Nicola Affaticati, a young boy of Romanian origin, will be given the recognition of "Alfiere della Repubblica" (Standard Bearer of the Republic) in Italy for preventing a murder. Emanuele lives in the town of Fiorenzuola D’Arda, in the Piacenza area. In December 2022, he foiled the plan of a man who intended to kill […]
The salaries in the local business services industry have seen a 4% increase in March 2024 compared to September 2023, according to the HR Barometer conducted by the Business Service Leaders Association (ABSL) and PwC Romania. Bucharest leads in salary increase levels at 4.7%, while the region of Banat - Transylvania witnessed an increase of only 2.1%. […]
Romania's Central Electoral Bureau recently published the definitive list of candidacies for the European Parliament elections. According to the BEC decision, 12 political formations and electoral alliances, as well as 4 independents, will participate in the European elections. The candidacies submitted by the Electoral Alliance of Social Democrats and Liberals (PSD-PNL), the United Right Alliance […]
Liberal (PNL) candidate for mayor of Bucharest, Sebastian Burduja, who recently presented his plan for the city, argued that the Romanian capital should strive to become a port on the Danube. The project was first envisioned roughly 170 years ago, in the 1850s, by the Romanian authorities at the time. "It's a project that I […]
Romania will host the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. During the first JIVE project CEE roadshow, which ran between November 2022 and January 2023, the bus traveled across Slovenia, Croatia, Czechia, Slovakia, and […]
