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.
Wizz Air announced on Monday, December 8, the reopening of its base in Târgu Mureș, marking the company’s ninth operational base in Romania. The low-cost carrier will station an Airbus A320neo at Transylvania International Airport, increasing its Romanian fleet to 39 aircraft this winter. Wizz Air now offers 10 routes to eight countries from […]
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
