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.
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
The office building of the former tire manufacturer Banloc-Goodrich in central Bucharest will be demolished for the construction of the Holocaust Museum, Profit.ro reported. The investment, valued at EUR 54.2 million, is partly covered by the EU-backed Recovery and Resilience...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of 236.3 million euros in the first nine months of 2025, up 13% year-on-year (YoY), and a gross profit of 84.8 million euros, up 20% YoY, while the net profit stood at 70.3 million euros, up […]
Famed Romanian composer Horia Moculescu died on Wednesday, November 12, at the age of 88. The composer, pianist, and performer was born on March 18, 1937, in Râmnicu-Vâlcea. At the age of six, he learned to play the accordion. He attended secondary school in Turda at the Boys’ High School (now the “Mihai Viteazul” National […]
Romanians shift priorities: Health, Culture, and Hobbies take the lead, while Fashion and Home&Deco lose ground to low-cost non-EU commerce Black Friday 2025 marks a turning point for Romanian eCommerce. After two years of stagnation, the day recorded a +10% increase in the number of transactions, while the overall campaign week saw a +20% rise […]
