Natural gas and cooking oil suffered the highest price increases in the past year, while the only reduction was noted in air transport services, according to data of the National Institute for Statistics (INS) published on Monday.In the November 2020 - November 2021 interval, the prices for natural gas have increased by 49.42 pct, cooking oil - 28.17 pct and fuels - 25.55 pct.In what regards food, in the past year the highest price increase was noted in cooking oil - 28.17 and potatoes - 22.55 pct, with no price decreases recorded.On the other hand, since the beginning of this year, the price of cooking oil increased by 25.47 pct and potatoes by 19.61 pct, without price decreases recorded.In the non-food items category, the past year saw the highest price increases in natural gas - 49.42 pct and fuels - 25.55 pct, without price decreases recorded.Electrical energy saw price increases in November compared to the same month of last year and the start of the year by 8.14 pct, and compared to the previous month, the price decreased by 12.2 pct.In the case of services, the highest increases were noted in other services (plus 7.01 pct), water, sewerage, sanitation (6.88 pct) and postal services (5.53 pct). Air transport services were cheaper by 0.94 pct.Since the beginning of the current year, the highest increases in prices were recorded in water, sewerage, sanitation (7.09 pct), other service (7.02 pct) and postal services (5.53 pct). Air transport services were cheaper by 21.85 pct.The annual rate of inflation dropped to 7.8 pct for November 2021, from 7.9 pct in October, given that non-food items recorded price increases of 10.49 pct, food items - 6.10 pct, and services - 4.09, according to data published on Monday by the National Institute for Statistics (INS).
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
Romanian airline AnimaWings is considering incorporating Buy Now, Pay Later options in its travel offers, similar to the ones already popular in the retail sector, Profit.ro reported. The new ticket financing strategy would be a first in the local aviation market. “It is not yet practiced...
Renowned Romanian author Mircea Cărtărescu will tour the United Kingdom from November 18 to 20 to mark the publication of the English edition of his novel Blinding: The Left Wing, released by Penguin Books. The volume, translated by Sean Cotter, is the first part of Cărtărescu’s acclaimed Blinding trilogy. The tour, organized by Penguin Books […]
