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 gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
