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.
Cambridge School of Bucharest (CSB) has been shortlisted for the Student Mental Health Initiative of the Year category in the Tes Awards for International Schools 2025, becoming the only school in Romania to appear on this year’s shortlist. The nomination recognises CSB’s pioneering, student-led approach to promoting well-being across the Secondary School and reflects the […]
The Romanian Film Festival UK (RFF25UK) begins this week with a program showcasing a selection of new and archive Romanian feature films, documentaries, and shorts. The festival will open with the UK premiere of Traffic, Romania's 2026 Academy Awards entry. The film is directed by Teodora Ana Mihai from a screenplay by Palme d'Or–winning filmmaker […]
The government is preparing a major overhaul of state-owned companies, deputy prime minister Oana Gheorghiu announced on Monday, November 24, unveiling plans for a unified registry and initial reforms targeting 10 key enterprises. According to her, Romania currently has 1,502 state-owned companies, including 230 at central level and 1,272 under local authorities. Among central entities, […]
Two Romanians reportedly forced open an emergency exit and ran after the plane that was preparing to take off for Bucharest from Cologne, southwestern Germany, on Friday, November 21. The two, aged 28 and 47, were late for boarding, at which point they broke an emergency window and activated a button to open a secured […]
NOËL, the longest-running designer gift fair in Romania, will hold its 16th edition on December 13–14 at Unirea Shopping Center in Bucharest. The event will feature more than 100 designers presenting handmade and curated gifts, including unique pieces, capsule collections, and seasonal items. The fair will host creators from Romania as well as artists from […]
Romania will celebrate its National Day on December 1 with a large military parade in Bucharest featuring Romanian and allied troops. The event will also showcase an extensive display of military equipment and aircraft at the Arch of Triumph. More than 2,900 servicemembers and specialists from the Ministry of National Defense, Interior Ministry, Romanian Intelligence […]
