The upward revision of the inflation trajectory puts pressure on the payrolls earmarked by the private companies in Romania for 2022, according to the second part of the PayWell 2021 study conducted by PwC Romania. While the companies previously estimated at an average increase of wages of 7%, the rate should be revised upwards by 2-3 percentage points, to compensate for the loss of purchasing power, according to the study. According to a company statement, most companies drafted their budgets at the end of the summer, when inflation still stood at 4%. By the end of the year, inflation is expected to exceed 7%, which could lead to a revision of the payroll.Romania’s headline inflation is expected to hit 7.5% YoY at the end of the year (compared to 5.6% YoY projected in August and 4.1% YoY in May), to rise to 8.6% YoY at the end of the second quarter next year as the temporary energy bill subsidies are phased out, and ease to 5.9% YoY at the end of 2022, under the revised inflation outlook revealed by the National Bank of Romania (BNR) on November 11.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
