In February 2024, compared with January 2024, seasonally adjusted industrial production increased by 0.8% in the euro area and by 0.7% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In January 2024, industrial production fell by 3.0% in the euro area and by 2.7% in the EU. In February 2024, compared with February 2023, industrial production decreased by 6.4% in the euro area and by 5.4% in the EU. Monthly comparison by main industrial grouping and by Member State In the euro area in February 2024 compared with January 2024, industrial production increased by 0.5% for intermediate goods, decreased by 3.0% for energy, increased by 1.2% for capital goods, increased by 1.4% for durable consumer goods, decreased by 0.9% for non-durable consumer goods. In the EU, industrial production increased by 0.9% for intermediate goods, decreased by 3.3% for energy, increased by 1.0% for capital goods, increased by 1.7% for durable consumer goods, decreased by 0.5% for non-durable consumer goods. The highest monthly increases were recorded in Ireland (+3.8%), Hungary (+3.5%) and Slovenia (+3.3%). The largest decreases were observed in Croatia (-4.6%), Lithuania (-3.0%) and Belgium (-2.7%). Romania is, among the EU countries, with the largest increases in industrial production in February with an advance of 2.7% Annual comparison by main industrial grouping and by Member State In the euro area in February 2024, compared with February 2023, industrial production decreased by 2.7% for intermediate goods, decreased by 3.6% for energy, decreased by 8.9% for capital goods, decreased by 4.3% for durable consumer goods, decreased by 6.1% for non-durable consumer goods. In the EU, industrial production decreased by 2.5% for intermediate goods, decreased by 3.5% for energy, decreased by 7.5% for capital goods, decreased by 3.9% for durable consumer goods, decreased by 4.7% for non-durable consumer goods. The largest annual decreases were recorded in Ireland (-36.0%), Belgium (-12.7%) and Bulgaria (-8.4%). The highest increases were observed in Spain (+3.5%), Slovenia (+2.8%) and Denmark (+2.7%).
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
