Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Eurostat: Romania, among the member states with the...

Eurostat: Romania, among the member states with the highest increases in industrial production prices in July

October 3, 2024

The prices of the products  leaving the factory gates registered, in July 2024, compared to June 2024, an increase of 0.8% both in th European Union and in the euro zone, but Romania is among the EU member states with the highest increases in industrial production prices, the data show published on Wednesday by Eurostat.   According to these data, from one month to the next, industrial production prices increased in most member states, but the most important increases were recorded in Bulgaria (3.6%), Greece (2.9%) and Romania (2.7%).  Eurostat specifies that the evolution of industrial production prices in the EU was particularly influenced by the 2.5% advance in energy prices.   On an annual basis, the prices of industrial production registered a decrease of 2.1% in the euro zone and a decline of 1.9% in the EU. Romania is among the member states with the highest increase in industrial production prices, with an advance of 2.7% at an annual rate. A greater increase was registered only in Ireland where industrial production prices increased by 6.1% at an annual rate.    The prices of industrial production in the EU were primarily influenced by energy prices, which registered a decline of 6.9% on an annual basis. The change of prices at the factory gates is usually attributed to final consumers and therefore can be an indicator of the evolution of  inflation that the European Central Bank targets through its monetary policy.   The National Institute for Statistics (INS) published its own data on Tuesday, according to which the prices of industrial production (domestic market and foreign market) had an upward evolution of 2.6% in July of this year, compared to the same period of 2023.   This July, industrial production prices on total markets increased by 2.1%.   According to INS, for the large industrial groups the industrial production price index recorded in July 2024 vs.July 2023 a jump of 0.12% in the case of consumer goods, of 0.22% in capital goods and of 6.33% in the energy industry. Onn the other hand, decreases were reported in the intermediate goods industry (-0.34%) and in the durable goods industry (-0.45%).   By section, increases were reported in the extractive industry (+2.62% compared to July 2023), the processing industry (+2.46%), the production and supply of electricity and thermal energy, gas, hot water and air conditioning (+3.30%) and water distribution; sanitation, waste management, decontamination activities (+13.78%).

Read in full - click here
European Commission's PNRR coordinator meets with Romanian officials to discuss fiscal measures

Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]

Romanian aluminium producer ALRO marks 28 years on BVB, capitalization increased 21x since listing

Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]

6 Ways Romania is investing in its digital infrastructure

Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show.  Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]

A7 and A8 highway segments in Romania lose Resilience Facility funding due to delays, minister says

Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]

Redport and Dan Șucu launch Vitality Est showroom, break ground on EUR 50 mln residential project in Bucharest

Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]

Colliers: Romanians spent EUR 3 bln on international travel in first four months of 2025

According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024.  If the current pace continues, Romanians’ spending on foreign holidays and business travel […]