Overview In August 2024, compared with July 2024, industrial producer prices increased by 0.6% in the euro area and by 0.4% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. In July 2024, industrial producer prices grew by 0.7% in the euro area and by 0.8% in the EU. In August 2024, compared with August 2023, industrial producer prices decreased by 2.3% the euro area and by 2.1% in the EU. Monthly comparison by main industrial grouping and by Member State In the euro area in August 2024, compared with July 2024, industrial producer prices decreased by 0.1% for intermediate goods, increased by 1.9% for energy, increased by 0.1% for capital goods, remained stable for durable consumer goods, remained stable for non-durable consumer goods. Prices in total industry excluding energy decreased by 0.1%. In the EU, industrial producer prices decreased by 0.1% for intermediate goods, increased by 1.1% for energy, increased by 0.2% for capital goods, decreased by 0.1% for durable consumer goods, increased by 0.1% for non-durable consumer goods. Prices in total industry excluding energy remained stable. The highest monthly increases in industrial producer prices were recorded in Estonia (+2.2%), Greece (+1.7%) and Spain (+1.5%). The largest decreases were observed in Ireland (-3.8%), Lithuania (-1.7%) and Romania (-1.6%). Annual comparison by main industrial grouping and by Member State In the euro area in August 2024, compared with August 2023, industrial producer prices decreased by 0.8% for intermediate goods, decreased by 7.7% for energy, increased by 1.4% for capital goods, increased by 0.3% for durable consumer goods, increased by 1.1% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.3%. In the EU, industrial producer prices decreased by 0.8% for intermediate goods, decreased by 7.0% for energy, increased by 1.7% for capital goods, increased by 0.1% for durable consumer goods, increased by 1.0% for non-durable consumer goods. Prices in total industry excluding energy increased by 0.4%. The largest annual decreases in industrial producer prices were recorded in Slovakia (-18.3%), Luxembourg (-6.9%) and France (-6.3%). The highest increases were observed in Romania (+2.8%), Bulgaria and Portugal (both +1.9%) and Estonia (+1.7%).
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
Prosecutors with Romania's General Prosecutor's Office have formally changed the legal status of former presidential candidate Călin Georgescu from suspect to defendant, judicial sources told Agerpres on Friday, June 27. The decision comes after Georgescu quoted Corneliu Zelea Codreanu, the leader of...
