Statistics office Eurostat said Monday that Romania maintained the highest inflation in the European Union for the ninth month in a row in April, while the EU's average rate was up at 3.2% from 3.1% … [Read more...]
Inflation Gets To New High: 8.34%
May 11, 2011 By Leave a Comment
Analysts underestimated again the rise in food prices and compounded by the increase in electricity price took annual inflation to 8.34% at the end of April, after a 0.66% monthly increase. In April compared … [Read more...]
Mugur Isărescu: The Second Highest Food Price Hike Registeres In Romania
May 5, 2011 By Leave a Comment
The National Bank Governor Mugur Isarescu said on Thursday that Romania has seen the second highest price hike in food price in the area. First on the list is Bulgaria and there are unresolved statistics … [Read more...]
Romania’s Inflation To Drop In December By 3.6 % – Moody’s
May 4, 2011 By Leave a Comment
For the fifth consecutive year, Romania will miss its inflation target this year as well. According to the central bank, the annual inflation rate would be higher than forecasted. The deepening deficit … [Read more...]
BNR To Raise Inflation Forecast In May
April 13, 2011 By Leave a Comment
Adrian Vasilescu, adviser to the central bank governor said that Romania’s central bank will revise upward its forecast for the year-end inflation at a quarterly report due May, prompted by surging global food … [Read more...]
Annual Inflation Gets Over 8 %
April 12, 2011 By Leave a Comment
The National Statistics Institute (INS) announces that the annual inflation reached the peak of August 2008, rising from 7.6 % in February to 8.01 % in March. Driven by higher prices for potatoes, fresh … [Read more...]
IMF: Romanian Inflation – 4% In December 2011
April 12, 2011 By Leave a Comment
According to the International Monetary Fund’s latest World Economic Outlook report, estimates are that Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s … [Read more...]
ECB Raised Eurozone Interest Rates
April 11, 2011 By Leave a Comment
The European Central Bank (ECB) raised Eurozone interest rates from 1% to 1.25%. Interest rates were held at 1% almost two years after the financial crisis and global recession hit. According to Jean-Claude … [Read more...]
Central Bank And Analysts Taken By Surprise
March 11, 2011 By Leave a Comment
The Romanian currency will continue to strengthen against the euro because the central bank will try to temper prices of import goods. Also, we can say good bye to declines in the NBR interest rate until … [Read more...]
BNR: Inflation Forecast Revised From 3.4 to 3.6 %
February 9, 2011 By Leave a Comment
Even if the annual inflation rate is expected to drop to 7 %, the Central Bank of Romania (BNR) has revised this year’s inflation forecast upwards, from 3.4 % to 3.6 %. The annual inflation rate estimated … [Read more...]
