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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
