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.
The Romanian government has approved a new emergency ordinance that introduces major fines for feeding wild bears, environment minister Diana Buzoianu announced on Thursday, November 6. The legislation also defines key terms such as "feeding of bears" and "habituated bear," aiming to curb practices that draw wildlife into populated areas,
The American defense technology company Allen Control Systems (or ACS) has signed a memorandum of understanding with the Romanian Armed Forces for the joint production of autonomous anti-drone turrets in Romania. ACS recently signed two contracts for the delivery of its autonomous Bullfrog turret to the armies of South Korea and the United Arab Emirates. […]
Global environmental NGO Greenpeace saluted the fact that Romania adopted a new normative act on Thursday, November 6, creating the necessary legislative framework so that citizens, municipalities, NGOs, and small enterprises can jointly produce, manage, and consume renewable energy. The framework was finally created “after nearly three years of waiting and requests from local authorities […]
Roweb, compania românească din spatele software-ului nr.1 din Belgia în Real Estate În timp ce România continuă să importe mai mult decât exportă, companii locale precum Roweb demonstrează că soluțiile digitale și inteligența artificială pot echilibra balanța și pot pune țara pe harta inovației europene. AI made in Romania: de la cod la […]
Romania has significantly increased its separate collection of textile waste over the past decade, rising from just 48 tons in 2010 to 2,774 tons in 2022, according to data analyzed by Clean Recycle. Despite the progress, the country still collects only about 15% of the roughly 250,000 tons of textile waste it generates each year. […]
Romanian president Nicușor Dan and Secretary General of the North Atlantic Alliance, Mark Rutte, participated in the NATO Industry Forum 2025 in Bucharest on Thursday, November 6. During his speech, the president said that “rearmament is not a choice, it is a necessity” due to the many threats to peace. The Romanian president began his […]
