Romania's inflation falls below 5% in March
Romania's annual inflation rate fell to 4.86% in March 2025, down from 5.02% in February, according to data released on Friday by the National Institute of Statistics (INS).
Romania's annual inflation rate fell to 4.86% in March 2025, down from 5.02% in February, according to data released on Friday by the National Institute of Statistics (INS).
The National Bank of Romania (BNR) decided on Monday to maintain the key interest rate at 6.5%, while warning that the inflation rate could pick up in Q2 2025 and the labor market remain unfazed.
Adjusting for inflation shows a more moderate increase of 52.1% over the last 10 years and 8.5% in the last year, indicating a market with a sustainable development.
Annual inflation rate will fluctuate sharply in the first semester of 2025 and in the second semester it will decrease on a higher trajectory than in the previous projection.
According to data presented in November 2024 by the governor of the National Bank of Romania (NBR), Mugur Isărescu, the inflation forecast for the end of 2025 is estimated at 3.5%.
The consumer price index in December 2024 compared to November 2024 was up by 0.29%.
Romania's economy has fallen short of expectations, note Colliers consultants, who initially predicted a promising local economic scenario for 2024 that failed to materialize.
The annual inflation rate in October 2024 compared to October 2023 calculated on the basis of the Harmonized Index of Consumer Prices (HICP) was 5%.
The central bank decided to lower the key interest rate twice this year, in July, from 7% per annum to 6.75% per annum, and in August to 6.5% per annum.
Significant disparities in tax rates and competitiveness indicators across the CEE region.
More than half of the respondents (57%) believe that it is very likely that our country will face an economic crisis in 2024.
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
Inflation is expected to miss the target in 2024-2025, with the NBR cutting rates to 6% in 2024 and 4.5% in 2025.
Both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.
In 2024, Romania's economy is expected to continue its growth trend, but at a more moderate pace.
Without measures to support consumption, Romania risks losing its most important engine of economic growth.
The annual inflation rate dropped in February 2024 to 7.23%, from 7.41% in January.
Oil major OMV Petrom and state-owned Complexul Energetic Oltenia (CE Oltenia) have signed contracts to design and execute four photovoltaic parks in Romania.
Electricity supplier Restart Energy One has filed a request at the Timiș Court for the initiation of a composition with creditors procedure to address temporary financial challenges.
The Fidelis government bonds, issued in April by the Ministry of Finance, started trading on the Bucharest Stock Exchange (BVB) on Thursday.
Consumer spending in Romania has shown signs of caution in the lead-up to the Easter holidays, with fluctuations in the average shopping basket value observed in March,
Prosumers in Romania are advised to turn off the inverters of their residential photovoltaic systems if they are not at home,