In October 2021, the seasonally adjusted volume of retail trade increased by 0.2% in the euro area and by 0.3% in the EU, compared with September 2021, according to estimates from Eurostat, the statistical office of the European Union. In September 2021, the retail trade volume decreased by 0.4% in the euro area and by 0.3% in the EU. In October 2021 compared with October 2020, the calendar adjusted retail sales index increased by 1.4% in the euro area and by 2.3% in the EU. In Romania, retail sales fell by 0.4% month-on-month. Monthly comparison by retail sector and by Member State In the euro area in October 2021, compared with September 2021, the volume of retail trade increased by 1.3% for automotive fuels and by 0.4% non-food products, while it fell for food, drinks and tobacco by 0.1%. In the EU, the volume of retail trade increased by 1.3% for automotive fuels, by 0.6% for non-food products and by 0.2% for food, drinks and tobacco. Among Member States for which data are available, the highest monthly increases in the total retail trade volume were registered in Slovenia (+13.0%), Portugal (+2.3%) and Denmark (+2.2%). The largest decreases were observed in Latvia (-5.4%), Austria (-2.8%) and Estonia (-2.6%). Annual comparison by retail sector and by Member State In the euro area in October 2021, compared with October 2020, the volume of retail trade increased by 8.5% for automotive fuels and by 2.5% non-food products, while it fell for food, drinks and tobacco by 1.2%. In the EU, the retail trade volume increased by 9.0% for automotive fuels and by 3.8% non-food products, while it fell for food, drinks and tobacco by 0.8%. Among Member States for which data are available, the highest yearly increases in the total retail trade volume were registered in Slovenia (+34.3%), Poland (+12.4%) and Estonia (+11.0%). The largest decreases were observed in Germany (-2.8%), Latvia (-2.3%) and Ireland (-1.9%).
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange, announced on Thursday, June 19, that the Romanian Financial Supervisory Authority has approved the base prospectus for a corporate bond program of up to EUR 30 million. The program allows Simtel to issue bonds in multiple tranches […]
Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,
A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of illegally possessing a cultural asset likely to be part of the […]
The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published by the statistics office. By type of construction, engineering works—representing approximately 45% […]
Romania's economic sentiment rebounded sharply in May following the presidential election victory of pro-Western candidate Nicușor Dan, according to data published by the CFA Romania Society on June 19. The recovery comes after a significant decline in April amid fears of a potential win by isolationist candidate George Simion. After the recovery in May, the […]
Salt Bank has appointed Vikram Tikoo as its new Chief Technology Officer, marking a significant step forward in the company's pursuit of its digital banking vision. The appointment will take effect once approved by the National Bank of Romania. Vikram has extensive international experience delivering technology solutions on a global scale. He will help enhance […]
