In August 2021, the seasonally adjusted industrial production fell by 1.6% in the euro area and by 1.5% in the EU, compared with July 2021, according to estimates from Eurostat, the statistical office of the European Union. In July 2021, industrial production rose by 1.4% in the euro area and by 1.2% in the EU. In August 2021 compared with August 2020, industrial production increased by 5.1% in the euro area and by 5.3% in the EU. In Romania the increase was 1.1% Monthly comparison by main industrial grouping and by Member State In the euro area in August 2021, compared with July 2021, production of capital goods fell by 3.9%, durable consumer goods by 3.4%, intermediate goods by 1.5% and non-durable consumer goods by 0.8%, while production of energy rose by 0.5%. In the EU, production of capital goods fell by 4.0%, durable consumer goods by 2.9% and intermediate goods by 1.4%, while production of energy remained stable and non-durable consumer goods rose by 0.3%. Among Member States for which data are available, the largest monthly decreases were registered in Malta (-6.3%), Germany and Estonia (both -4.1%) and Slovakia (-3.8%). The highest increases were observed in Denmark (+3.5%), Lithuania (+2.9%) and Luxembourg (+2.1%). Annual comparison by main industrial grouping and by Member State In the euro area in August 2021, compared with August 2020, production of non-durable consumer goods rose by 11.6%, intermediate goods by 6.6% and capital goods by 2.8%, while production of energy fell by 0.6% and durable consumer goods by 1.9%. In the EU, production of non-durable consumer goods rose by 10.9%, intermediate goods by 7.1%, capital goods by 2.4% and energy by 1.0%, while production of durable consumer goods fell by 0.8%. Among Member States for which data are available, the largest annual increases were registered in Belgium (+29.9%), Ireland (+22.1%) and Lithuania (+15.4%). Decreases were observed in Portugal (-7.2%), Malta (-4.2%) and Czechia (-1.4%).
Social Democrat (PSD) MP Mihai Weber, head of the parliamentary defense committee, came under fire after investigative platform Snoop unveiled his EUR 140,000 hybrid Mercedes AMG GLE 53 purchased this year through a small firm that operates no more than a countryside...
Touching high public expectations for initiating reforms in the judiciary system, Romania's president Nicusor Dan explained in two consecutive interviews given to the public TVR and B1 broadcasters that "it takes time and a critical mass," but assured that he has not abandoned "at all" the idea. On the magistrates' retirement and pensions, he reiterated […]
The Romanian Ministry of Foreign Affairs (MAE) summoned the Russian ambassador to Bucharest on September 11 to convey its position of firm condemnation of the violation of Polish airspace by Russian drones, according to a ministry's press release. "The Romanian side stressed that, by its gravity, implications and scope, the incident represents an unprecedented escalation, […]
Spanish group Ecoener announced it boosts its expansion in the European Union with the upcoming construction of a 54.4 MW wind farm in Miroslovesti, in north-eastern Romania, after being awarded a Contract for Difference (CfD). The company has been awarded a 15-year contract in the Romanian government’s renewable energy tender. It plans to begin construction […]
Pinum, one of the leading door and window manufacturers in Romania, has concluded a financing agreement worth over EUR 10 million with Banca Transilvania for the development of a new factory in northern Bucharest, at Moara Vlăsiei. The total investment exceeds EUR 14 million and will allow doubling the annual capacity for manufacturing doors and […]
The state-owned company Romgaz (stock exchange symbol SNG), the producer and supplier of natural gas, convened its shareholders on October 20 to decide on the issuance of a new tranche of bonds or the supplementation of the inaugural EUR 500 million tranche, massively oversubscribed in 2024, according to a report to investors, quoted by
