Romania: Inflation Rate and Consumer Prices

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The inflation rate in Romania during the 1990ies and the first years of this decade is best to be described as a devastating hyperinflation. Inflation was mainly caused by the Romanian’s incapability to collect taxes (and, hence, financing their immense current spending with Seignorage) and a protective exchange rate regime. The still high inflation rate in the first years after 2000 in Romania was mainly a fading out. However, in recent years Romania joint the regime of inflation targeting and left the days of double-digit inflation behind.

Category : 2010 | economy | Economy of Romania | Inflation Rate | News | Blog

The GDP of Romania

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The GDP of Romania (per Capita) is among the lowest of the EU, second only to Bulgaria. During the nineties Romania experienced two sharp recessions and recovered only after 2000. Since then, Romania recorded high GDP growth rates until 2008 showing the typical patterns of a catching up economy.

After being hit by the financial crisis in early 2009 (the crisis arrived with some delay in Romania, yet the harder) Romania’s GDP dropped back below the level of 2007 and there are no signs for a quick recovery. An estimate by the CNP expects the GDP of Romania to reach the former level of 2008 between 2011 and 2012, which is pretty much in line with current GDP forecasts from Eurostat.


Category : Economic Forecast | Economic Outlook | economy | Economy of Romania | GDP Romania | Growth | News | Blog

Nicolae Grigorescu and the Dawn of Romanian Modern Art

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Nicolae Grigorescu was born in 1938 in the Romanian village Pitaru, county Dâmboviţa. The family relocated to Bucharest soon, though, where he got early in touch with painting. At the age of 10 he started to paint icons. Religious paintings and paintings of monasteries were main topics for a longer time. Only in 1861 he left to Paris and attended the École des Beaux-Arts after obtaining a scholarship. One of his new classmates was by the way Renoir.

Grigorescu however, was impressed by the Barbizon school, fancied en plein air painting (i.e. painting outdoors) and become friend and co-worker with Rousseu, Corot, Courbet and Jean-Francois Millet. His art was appreciated in France (he contributed several paintings in Paris to the Universal Exposition or even the Paris Salon).  Many of Grigurescu’s works were exhibited later in the Romanian Atheneum, Bucharest. Grigorescu dies in 1907.

His style is obviously most close to impressionism. For Romania, Nicolae Grigorescu is one of the most important founders of modern art in Romania. In 1990 a Metrou Station in Bucharest was renamed to Nicolae Grigorescu.

See the gallery below for some of his paintings…

Category : Art | Romanian Painters | Blog

Romanian Culture

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When it comes to the culture of Romania most people will think first of folklore, and even Romanians sometimes tend to do so. Then again culture always means much more than just folklore, traditional costumes, fancy dances and some hand-painted Easter eggs. This for Romania-Central has opened a new section where resources on the culture of Romania will be posted and collected. This post is the start of the new series and a short introduction about the articles to come.

Of course, folklore has its place in every culture and the Romanian culture has especially rich folklore and traditions. But Romania has also a literature, famous writers and poets, musicians – both classic and popular. Romania has its own painters which contributed to modern European art, Romania has a very amazing cinematographic scene and famous sportsmen.

What makes Romania’s culture in particular interesting are the various influences Romania was exposed to during history and which had their impact. For a long time there were strong Slavic influences, as well as the impact of the Byzantine Empire, later on followed by the Ottoman Empire. However, the Romanian style was always unique. Later on, Western influences prevailed, especially France was an important cultural partner.

However, culture began to consolidate significantly after 19859 when Wallachia and Moldovia united. New universities were established in Bucharest and Iaşi. Several cultural establishments should follow.


Category : Articles | Culture of Romania | Blog

Romania Central News

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This category of Romania Central is meant to monitor Romanian newspapers and media and to provide you continuously with a fresh overview on the news from Romania and news concerning Romania.

Hence, also some foreign newspapers, articles or other media might be cited and discussed here if they privide useful information on Romania.

Feel free to send the Romania Central Team any suggestions and enjoy reading!

Category : News | Blog