Industrial production in the EU and the euro zone registered a drop beyond expectations in October 2022, compared to September 2022, but Romania and Slovenia were the member countries where industrial production registered the smallest decline, from one month to the next, shows the data published on Wednesday by Eurostat.According to these data, industrial production decreased by 2% in the euro area and by 1.9% in the EU, in October compared to September. The member states with the most important decreases in industrial production were Ireland (minus 10.7%), Luxembourg (minus 4.4%) and the Czech Republic (minus 3.7%). The most modest decreases were recorded in Romania (minus 0.4%) and Slovenia (minus 0.3%). The only EU countries where industrial production increased from one month to another were Slovakia (1.3%), Lithuania (1.1%), Greece (0.5%) and Austria (0.2%).On an annual basis, in October 2022 compared to October 2021, industrial output went up by 3.4% in the euro area and by 3.7% in the European Union. The member states with the strongest industrial production growth rate were Ireland (53.2%) and Denmark (10.7%). The most modest increases were recorded in Romania (0.7%) and Slovenia (0.1%).The fall in industrial production in the euro zone in October is greater than forecast by analysts interviewed by Reuters, who were counting on a contraction of 1.5% compared to the previous month.The data previously published by the National Institute of Statistics show that in Romania industrial production was lower in October 2022 compared to September 2022, by 2.6%, as unadjusted series. Industrial production, as series adjusted for business days and seasonality was lower compared to the previous month by 0.4%. Compared to October 2021, industrial production decreased by 0.1% as unadjusted series. Industrial production, as series adjusted adjusted for business days and seasonality, was higher by 0.7%.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
