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Exceptions were at the beginning of the 1980s austerity policy in Romania, when prices were risen in order to reduce consumption and allow the government to pay back the foreign debt. Following the onset of liberal economic reforms in November 1990, as prices and exchange rates were gradually liberalized, inflation began to rise. [ 3 ]
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
11 August – The National Institute of Statistics shows that the inflation rate of Romania for July 2023 was at 9.4%, the first time since January 2022 for the rate to be below 10%. [ 67 ]
In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [ 156 ] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden , who took office in January 2021, being net negative starting in October of that year ...
Romania adopted 1 January 2005 a flat tax of 16% to improve tax collection rates. Romania subsequently enjoyed the lowest fiscal burden in the European Union, until Bulgaria also switched to a flat tax of 10% in 2007. Since 2018 the flat rate was lowered to 10%. Romania posted 6% economic growth in 2016, the highest among European Union member ...
First, Californians who received Golden State Stimulus (GSS) I or II are expected to receive MCTR direct deposit payments between Oct. 7, 2022, and Oct. 25, 2022, with the remaining direct ...
[1] [2] The rise of prices has been attributed to the 2022 Russian invasion of Ukraine. [1] The protests have been reported in France, Germany, Romania, and Czech Republic. [3] [2] [4] Energy prices have pushed eurozone inflation to a record 9.9%, making it more difficult for individuals to buy their needs. [2]
21 April – The first expressway-type road opens in Romania, a 16 km long section of the DEx12 expressway, between Slatina and Balș. [64] 29 April – 2022 cyberattacks on Romania: At 04:05 EEST, a DDOS attack is launched against www.mapn.ro, the website of the Ministry of National Defence (Romanian: Ministerul Apărării Naționale, MApN).