May 13, 2019

Prices in Romania, up 0.61pct in April 2019; annual inflation rate rises to 4.1pct
May 13, 2019

Prices in Romania, up 0.61pct in April 2019; annual inflation rate rises to 4.1pct.
Consumer prices in Romania rose by 0.61pct in April 2019 from the previous month and by 2.75pct from the end of 2018, while the annual inflation rate increased by 4.1pct on food prices advancing 4.98pct, non-food prices 3.66pct, and services 3.83pct, according to data with the National Statistics Institute (INS) released on Monday. March 2019 consumer prices went up by 0.49pct from February, with y-o-y inflation having advanced to 4pct. "April 2019 consumer prices increased by 4.1pct from April 2018. Y-o-y rate based on the Harmonised Index of Consumer Prices (HICP) was 4.4pct. The average consumer price rate in the last 12 months (May 2018 - April 2019) compared with the previous 12 months (May 2017 - April 2018), based on the CPI was 4.3pct, while based on HICP, the average rate was 4.1pct," says INS. The National Bank of Romania (BNR) has upwardly revised to 3pct its inflation forecast for the end of 2019, expecting an inflation of 3.1pct at the end of 2020, BNR Governor Mugur Isarescu said in February when releasing BNR’s quarterly inflation report. In November 2018, BNR estimated an inflation of 2.9pct for the end of 2019 and 3.2pct for 2020. According to the National Bank of Romania, the annual inflation rate will continue to decline until the third quarter of 2019 (2.4pct) due to exogenous components and the consumer basket. Subsequently, the upper half of the inflation target range will reposition as a result of the favourable effects of fuel and citrus price reductions at the end of 2018 wearing off, and also due to the rising contribution of basic inflation. AGERPRES (RO - editor: Oana Tilica; EN - author: Corneliu-Aurelian Colceriu, editor: Adina Panaitescu)

[Read the article in Agerpres]

Hochland Romania Exports Surge 52% To RON19M In 2018 Hochland Romania, leader on the local cheese product market, registered exports of over RON19 million in 2018, accounting for nearly 5% of the company’s sales, according to ZF calculations based on company data.

Iohannis: PSD tries to bend laws to save leader; referendum providing stamp that it is no longer acceptable President Klaus Iohannis said on Tuesday that the Social Democratic Party (PSD) is trying to "bend" the laws to save its national leader Liviu Drganea from going to jail, adding that the referendum on May 26 offers an opportunity to the Romanians to say no more. "Romania matters, (...)

BRD Sogelease Grants Financing Of RON136M In 1Q/2019, Up 12% YoY BRD Sogelease, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale, on Tuesday said it granted new financing of RON136 million in January-March 2019, up 12% compared to the same period in 2018.

Ascendis Trains 500 Managers, Entrepreneurs Via EU-Funded Project Worth Over RON4M Ascendis Consulting has completed an EU-funded project worth over RON4.2 million, aimed at developing the abilities of managers and entrepreneurs within companies operating in Romania.

Romania Not Registered in EU's New Tobacco Track and Trace System The European Commission announced on Tuesday that Romania has not yet registered in the EU’s newly launched track and trace system for tobacco products.

#Europeanelections2019/INTERVIEW/Ludovic Orban: PNL, fighting for Romania's European destiny; many political forces are Eurosceptical The National Liberal Party (PNL) is fighting for the European destiny of Romania in the May 26 election to the European Parliament, says PNL national leader Ludovic Orban, who argues that the political forces with Eurosceptic tendencies have to be diminished. "There are many emerging (...)

Eurostat: Romania Posts Fourth Biggest Natural Gas Price Increase In EU In 2H/2018 Romania recorded the fourth largest increase in household gas prices, of 16.3%, in the European Union, year-on-year in the second half of 2018. Romania is outranked by Ireland (17.3%), Bulgaria (16.5%) and Sweden (16.4%), data from Eurostat, the statistical office of the European Union, showed (...) : all romanian news. Copyright © DIRECTWAY | News RSS |