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.
Romania and Serbia Take an Important Step Toward Closer Energy Cooperation Romanian Prime Minister Ilie Bolojan met today at Victoria Palace with Dubravka Đedović Handanović, Serbia’s Minister of Mining and Energy, to discuss bilateral cooperation in the energy sector and opportunities to develop joint projects aimed at strengthening the energy...
The Armenian Street Festival (Festivalul Strada Armenească) will return to Bucharest's Botanical Garden from July 31 to August 2, celebrating its 10th edition with concerts, exhibitions, workshops, traditional crafts, and Armenian cuisine. Admission to the festival is free, while visitors will need to purchase a standard Botanical Garden entrance ticket. Organized by the Union of […]
An aviation show and a music event raising funds for a Bucharest hospital are on the agenda in the capital. Electric Castle brings The Cure and
The Sky Comes Closer to the Public: Aviation Photography Exhibition at ParkLake Shopping Center Bucharest Celebrates Romanian Aviation and Air Force Day On the occasion of Romanian Aviation and Air Force Day, the We Love Aviation Association (Asociația Iubim Aviația) is organizing, for the second consecutive year, the photography exhibition...
Ministry of Finance Officials Discuss Fiscal Consolidation Progress and Romania’s Economic Outlook with Fitch Ratings Representatives of Romania’s Ministry of Finance took part today, 14 July 2026, in technical discussions with specialists from Fitch Ratings as part of the agency’s sovereign credit rating review process for Romania. The meeting was......
Roxana Mînzatu Announces Funding for Six Pilot Projects Under the Future European Workers’ Skills Guarantee. Romania Involved in Two Initiatives European Commission Executive Vice-President Roxana Mînzatu has announced the approval of funding for six pilot projects that will lay the foundation for the future European Workers’ Skills Guarantee, a new......
