Industrial producer prices in the EU were 5 percent up this October compared to September 2021, and 5.4 percent higher in the euro area, almost double compared to the advance of 2.7 percent and 2.8 percent, respectively, recorded in September versus August, shows data released on Thursday by the EU's statistical office Eurostat.Industrial producer prices advanced in most EU member states, but the highest monthly increases were registered in Belgium (11.2 pct), Italy (8.4 pct) and Romania (8.6 pct, after an advance of 4.1 pct in September). The only member states to see industrial producer prices drop in October compared to September were Estonia (-2.1 pct), Luxembourg (-0.3 pct) and Sweden (-0.2 pct).October's industrial producer prices in the EU were primarily driven up by a 14.9 percent increase in the energy sector.Compared with the year-ago period, industrial producer prices were 21.9 percent up this October in the euro area and 21.7 percent higher in the EU, with all EU member states recording increases; the advance was the steepest in Ireland (89.9 pct), Denmark (39.8 pct), Belgium (34.5 pct) and Romania (32.4 pct).Year-over-year, industrial producer prices in the EU were again mainly influenced by energy prices which rose by 59.8 percent, followed by prices for intermediate goods, which advanced 17.1 percent.Changes in factory-gate prices are usually passed on to final consumers and can therefore be an indicator of the evolution of inflation which is targeted by the European Central Bank's monetary policy.Earlier in the day the National Institute of Statistics published its own estimates showing that Romania's industrial producer prices (domestic and foreign market) were 26.8 percent up in October compared to the same month of the previous year, as prices in the energy sector increased by 74.71 percent during this period. Compared to September 2021, industrial producer prices overall (domestic and foreign market) increased by 6.3 percent.According to the cited source, the industrial price index for the domestic market jumped 8.69 percent in October compared to September, and 32.42 percent YoY. The increase in the industrial producer price index for the foreign market was 2.06 percent in October compared to September and 17.47 percent compared to October 2020.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
