comparemela.com

Page 2 - Mircea Cosea News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Romanian insurance industry struggling to reach penetration rate comparable to the West (economist)

Radio Romania International

The most recent expert prognosis from the National Bank of Romania estimated inflation for April to be 11.2%, taking into account the situation in late 2021. Meanwhile, the war in Ukraine has upset the boat in a major way, and the inflationary cycle we find ourselves in, the worst in four decades, experts say, is sweeping the entire world. The geopolitical crisis in the area could not be without effects, and estimates are that it will worsen the acceleration of inflation. In Romania, political decision makers came up with new measures to set a ceiling and subsidize energy prices, in an attempt to curb inflation. Even so, at least for the next few months, this will be increasing. That is because, in this equation with many unknowns, the defining factor is Ukraine, and it poses a high level of uncertainty. The democratic world has imposed sanctions on Russia in order to get it to stop this so-called special operation, as the Kremlin refers to the aggression against neighboring Ukraine. M

vimarsana © 2020. All Rights Reserved.