The National Bank of Romania (BNR) has downwardly revised, to 4.7%, its inflation forecast for the end of 2024, from 4.8% in November 2023, expecting it to go further down to 3.5% at the end of 2025, according to data released on Thursday by BNR Governor Mugur Isarescu."What does the forecast show? That the annual inflation rate will remain on a general downward trajectory, with this temporary interruption in January this year; the pace of disinflation is anticipated to slow significantly over the next year, and we will explain why. (...) The increase in inflation at the beginning of 2024 is not so pronounced, because it also refers to February and March and so the increase in January will be diminished, definitely. But then the trajectory is definitely down, it does not differ much - in our data it is 1-2 percentage points from the previous trajectory. It was revised downwards during 2024 and the return to the upper limit is forecast for 2025," Isarescu said upon releasing the bank's latest quarterly inflation report.According to the presentation, the forecasted trajectory has been downwardly revised in 2024 because of more recent favourable developments in the indicator, especially the food prices. Thereafter, over the course of 2025, the path of inflation is slightly above those projected in the November report, amid a GDP gap that remains positive and, to a lesser extent, an upward revision in inflation expectations.
President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists' Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real […]
A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. Records from the Anti-Corruption Directorate show that between […]
A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. Records from the Anti-Corruption Directorate show that between […]
The Drapers' Bastion in Brașov, built between the years 1450–1455, will be restored with European funds. The urban landmark will become an interactive museum integrated into the tourist circuit. The rehabilitation of the Drapers' Tower will support not only tourism but also the construction sector, contributing to the economic and cultural revitalization of Brașov, according […]
The National Meteorological Administration (ANM) has issued a code-red warning for persistent and intense heat from July 26, 10:00 AM to July 27, 10:00 AM for the regions of Banat, Oltenia, most of Muntenia, and southern continental Dobrogea. Day temperatures are expected to reach between 39 and 43 degrees Celsius, while the temperature-humidity index is […]
The fifth edition of Jazz Bastion will bring three concerts to the Weavers' Bastion in Brașov, featuring musicians from Romania, Ireland, and Switzerland. This year's edition "highlights the cultural diversity of music, which always brings together artists and audiences alike, regardless of language, nationality or affinities," the organizers explained. The public can attend performances by […]
