Romanian PM Marcel Ciolacu at a financial education forum
“Financial education is part of an investement in the future becoming first priority in a world where decisions-making on economy issues may have devastating consequences”, Romanian Prime Minister Marcel Ciolacu said on Friday. His statement comes at a forum where Romania’s National Bank (BNR) governor Mugur Isărescu sent a similar message. Financial education is no longer an option, it has become a must, according to Radio Romania. Such moves are stimulating a so-called „business mood”, Prime Minister Ciolacu said while pointing out that people deserve a better understanding of alleged risks and opportunities. „We must follow successful examples in other conuntries and view financial education as a priority for public investments in a society on its way of shaping its future”, PM Ciolacu pointed out.
Romania’s RON slightly down as compared to euro
Romania’s national RON went slightly down as compared to euro at 4.97 on Friday, according to data put forward by the country’s National Bank (BNR). However, the RON was up against the US dollar at 4.36 as gold prices went more than 1 leu higher to RON 452.60. Historically, the USD-RON exchange reached an all time high of 5.19 in September 2022.
Romania’s annual inflation slightly down
Romania’s annual inflation fell below 5 percent in March. Most price increases were reported in services sector, with almost 7 percent. Food prices also rose by 5 percent with highest prices for margarine and citrus fruits Lower prices were recorded for sugar and potatoes in the last 12 months while natural gas prices fell down by 2.4 percent as compared to March last year. Romania’s economic freedom score is 66.5 making it the 51st freest in the 2025 Index of Economic Freedom. Its rating has increased by 2.1 points from last year. Romania’s economy is seen as „moderately free”, according to the 2025 Indez.
Alexandru Danga, RADOR RADIO ROMÂNIA
