Ascultă Radio România Actualitaţi Live

Ciolacu: Inflation below 5% towards the end of the year

Ciolacu: Inflation below 5% towards the end of the year
Foto: Arhivă/ Agerpres

Articol de Radiojurnal, 18 Mai 2024, 01:24

In a press conference held in Iasi, the Chief Executive said that inflation is currently around 5.9 percent, but the trend is downward. Prime Minister Marcel Ciolacu is convinced that by the end of the year, inflation in Romania will fall below 5%.

Quoted by Radio Romania Iasi, Marcel Ciolacu said that this reduction is due to the investments that are being made all over the country, especially in the area of health and infrastructure.

Marcel Ciolacu: I am firmly convinced that towards the end of the year, there will definitely be inflation below 5%. In fact, the NBR has also forecast this. What is most encouraging is the economic growth forecast for this year and especially for next year. Romania has managed not to go into recession. It has succeeded because there has been a mobilisation to release as much investment as possible.

National Bank Governor Mugur Isarescu said that the inflation rate will continue to fall, but at a slower pace than initially anticipated.

The main uncertainties and risks to inflation developments continue to come from the direction of fiscal and revenue policy.

Translated by: Radu Matei

Etichete : inflation romania
Political leaders congratulated Nicusor Dan
News in English 19 Mai 2025, 01:13

Political leaders congratulated Nicusor Dan

Political party leaders have congratulated Nicusor Dan, who according to exit polls has won the Cotroceni seat. UDMR leader...

Political leaders congratulated Nicusor Dan
The Ministry of Internal Affairs received 140 complaints about possible electoral incidents
News in English 18 Mai 2025, 22:29

The Ministry of Internal Affairs received 140 complaints about possible electoral incidents

Since the start of the voting process, the Ministry of Internal Affairs has received 140 complaints about possible electoral...

The Ministry of Internal Affairs received 140 complaints about possible electoral incidents
Nicusor Dan: Let's fight for one Romania, not for two
News in English 18 Mai 2025, 22:23

Nicusor Dan: Let's fight for one Romania, not for two

Nicusor Dan: Good evening! Elections are not about politicians. Elections are about communities. In today's elections a...

Nicusor Dan: Let's fight for one Romania, not for two
George Simion: We claim victory on behalf of the Romanian people
News in English 18 Mai 2025, 22:22

George Simion: We claim victory on behalf of the Romanian people

George Simion: (...) We are the clear winners of these elections, we claim victory on behalf of the Romanian people. The...

George Simion: We claim victory on behalf of the Romanian people
The 'Best electric car 2025' competition has named its winners
News in English 16 Mai 2025, 19:09

The 'Best electric car 2025' competition has named its winners

The Ministry of Environment hosted on Thursday the awards ceremony for the "Best electric car 2025", an event that...

The 'Best electric car 2025' competition has named its winners
Over 13.500 Romanians voted in Spain
News in English 16 Mai 2025, 19:08

Over 13.500 Romanians voted in Spain

More than 17.000 votes were cast in the UK, more than double the number cast at the same time two weeks ago. The turnout is...

Over 13.500 Romanians voted in Spain
Voting begins abroad for the second round of the presidential elections
News in English 15 Mai 2025, 17:32

Voting begins abroad for the second round of the presidential elections

Voting will begin abroad for the second round of the presidential election. The first polling station will open in Oakland,...

Voting begins abroad for the second round of the presidential elections
Protests in Victory Square by foresters, railroad workers and reservists
News in English 15 Mai 2025, 17:31

Protests in Victory Square by foresters, railroad workers and reservists

There are protests Thursday noon in Victory Square. Several hundred foresters and railway workers took to the streets, RRA...

Protests in Victory Square by foresters, railroad workers and reservists