The National Bank of Romania (BNR) forecasts that the annual inflation rate will stand at 5.1% at the end of the second quarter of 2025, and will decrease to 3.3% at the end of the first quarter of 2027, according to the Quarterly Inflation Report, May 2025 edition."According to the updated forecast, the annual CPI inflation rate is expected to fluctuate slightly in the short term, with a marginal increase in the second quarter, up to 5.1% in June 2025, an anticipated level also in September. The indicator will resume its downward trend starting from the fourth quarter, reaching 4.6% in December 2025 and will return to within the target range in the third quarter of 2026. Subsequently, the annual inflation rate will remains relatively stable, located in the upper half of the target range. The forecast value for the end of 2026 is 3.4%. In the context of the expiration of the electricity price cap scheme on June 30 this year, the forecast includes the hypothesis of a 15% increase in July, which is however burdened with upside risks," the Report says.Compared to the forecast published in the February Inflation Report, the annual CPI inflation rate is at higher values throughout the projection range, except for the second quarter of 2025.The BNR mentions that the revisions are +0.8 percentage points in December 2025 and +0.3 at the end of next year. Higher contributions are forecast for core inflation over the entire projection period and electricity in the second half of this year and the first half of next year, partially offset in 2025 by lower fuel inflation. Despite these upward revisions, the balance of risks is assessed to remain tilted to the upside in the inflation rate from the values forecast in the baseline scenario.
The European Commission has approved a payment of EUR 1.27 billion to Romania as part of the National Recovery and Resilience Plan (PNRR) funding worth some EUR 28 billion in total. The rest of the scheduled payment, totaling EUR 870 million, was suspended. Romania’s European funds minister, Marcel Boloș, announced that three objectives included in […]
The tech startups YellowGrid, WiseWatts and Procesio won CleanTech Corporate Hackathon 2025, the first event dedicated to innovators, startups and scaleups creating AI-based technologies and solutions for sustainable energy in South East Europe. YellowGrid, the team that won first place and the EUR 5,000 prize, is composed of Cătălin Stăncel, Sergiu Mureșan, Andrei Antohie and […]
Romanians' trust in the EU is well above the European average, but they occasionally show different priorities compared to those of most Europeans, according to the most recent Eurobarometer survey. The measurement, conducted in the winter and spring of 2025, shows an overall increase in European citizens’ trust in the EU, especially in the areas […]
Romania has dropped four positions in the global Startup Ecosystem 2025 report by StartupBlink. It is now ranked 48th worldwide, and has lost ground in Eastern Europe, where it dropped from 8th to 9th place, after Ukraine advanced one position and Greece two positions, surpassing Romania globally. However, Romania is now 16th in the global AI top […]
The Nufărul geothermal station in Oradea, developed through a European project worth EUR 25 million, was officially inaugurated on Thursday, May 29. The station is the first of its kind in Romania, and builders had to drill approximately 2,800 meters for water. “All extracted water comes to the geothermal station on Iancu de Hunedoara Street, […]
CTP, a leading developer, owner, and operator of industrial and logistics properties, has extended its collaboration with HelpShip, a major e-fulfillment and logistics provider within the euShipments.com group, increasing HelpShip’s leased space to 20,000 sqm at CTPark Oradea Cargo Terminal. The expanded facility will serve as the company’s main fulfilment center. With HelpShip’s growth from […]
