Industrial output in EU and the euro zone grew in August 2024, compared to July 2024, and Romania is a member cuntry where industrial output grew from one month to the other, according to data released on Tuesday by Eurostat. According to those data, in August, compared to July grew by1.8% in the euro zone and by 1.2% in EU. Romania is among member countries where industrial output grew by 1.2%. The biggest increases of industrial output were recorded in Ireland (4.5%), Germany and Lithuania (both with 3.3%) and Malta (2.7%). In August 2024 against August 2023, industrial output grew by 0.1% in the eurozone and by 0.2% in EU. Romania is among member states with drops of annual industrial output, with a decline of 2.1%. However, the August drop is lower than 4% recorded in Romania in July 2024 compared to July 2023. Data released previously by the National Institute of Statistics (INS) show that in Romania, at August 2024 level, industrial output dropped by 12.8% the previous month, because of the processing industry (-14.3%), production and supply of electric and thermal energy, gas, warn water and air conditioning (-7.8%) and extractive industry (-1.2%). At the same time, there is a 1.1% increase of industrial output from one month to the other, due to activities in the processing industry (+1.7%). On the other hand, the production and supply of electric and thermal energy, gas, warm water and air conditioning, as well as the extractive industry dropped by 4.5% and 1.2% respectively. Compared to August 2023, in August 2024, industria output dropped by 4.3%, on the background of reducing results in the production and supply of elecgric and thermal energy, gas, warm water and air conditioning (-5%), processing industry (-4.5%) and extractive industry (-0.4%). As adjusted series, the decline of industrial output was 2%, an effect of drops recorded by the production and supply of electric and thermal energy, gas, warm water and air conditioning (-4.7%) and processing industry (-2%). In exchange, the extractive industry remained at the same level in August, 2024 compared to the same month of 2023.
Most of the excavation for the first tunnel built on a highway in Romania has been completed, and traffic could potentially be opened by the end of this year between Tigveni and Bucharest, a section of the Sibiu-Pitești highway. Romanian state officials noted construction work at Section 4 (Tigveni - Curtea de Argeș) of the […]
The European Bank for Reconstruction and Development, or EBRD, invested EUR 707 million in 44 projects in Romania in 2024 to support the country’s green transition, a sharp increase compared to the previous year, when it invested EUR 658 million spread over 23 projects. EBRD cooperates with private corporations, equity funds, banks, as well as local […]
The Metropolitan Library of Bucharest, through its Dimitrie Cantemir Branch, announced a cultural premiere for Romania: the opening of the first corner dedicated to Nepali literature. The official opening is scheduled for February 1. "This is an important moment that reminds us that libraries are spaces for learning and for understanding cultural exchanges. Through this […]
Simtel Team, a Romanian engineering and technology group listed on the Main Market of the Bucharest Stock Exchange under the ticker SMTL, announced the opening of a new subsidiary in Essen, Germany. The company, one of the leaders in renewable energy in Romania, has been expanding internationally in recent years. The process began with the […]
A Greenpeace activist flew a powered paraglider near the Transocean Barents platform in Constanța on Wednesday, January 15, displaying a banner reading 'Stop Fossil Gas' in protest of OMV Petrom's Neptun Deep gas drilling project in the Black Sea. The platform, set to become Europe's largest fossil gas extraction site, is undergoing final preparations before […]
Romania has dropped ten positions in the 2025 ranking conducted by the defense-focused publication Global Firepower, which compiles a list of the world's most powerful armies based on various indicators every year. In 2024, Romania was ranked 41st in the list of 145 countries, while now it is ranked 51st, with a power ranking of […]
