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%.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
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Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
