The volumeof retail trade grew by 0.1% in EU and dropped by 0.3% in the euro zone in June, compared to the same period of 2023, while Romania recorded the most significant advance, according to data releases by Eurostat on Tuesday. Among EU states which have available data, the highest increase of retail trade volume in June, compared to the same period of 2023 was recorded in Romania (10.2%), Luxembourg (7.9%) and Coratia (5.4%), while the most significant drops were in Belgium (minus 7.3%), Estonia (minus 4.1%) and Austria (minus 3.9%). In EU, sales of food, drinks and tobacco dropped by 0.5%, while sales of non-food products went up by 0.7% and those of car fuel by 0.5%. The volume of retail trade dropped by 0.3% in the euro zone and by 0.1% in EU in June, compared to the previous month when it recorded a 0.1% advance both in EU and the euro zone. Among EU member states for which data are available, the biggest increase of the volume of retail trade in June, compared to the previous mont, was recorded in Romania (1.8%), Bulgaria (1.4%) and Denmark (1%), the most significant drops being in Croatia (minus 2.7%), Austria (minus 2.3%), Latvia and Lithuania (both minus 1.7%). In EU, sales of food, drinks and tobacco dropped by 1%, those of non-food products remained stable, while sales of car fuels went up by 0.6%. According to data of the National Statistic Institute, in Romania the volume of the retail trade business (except for car and motorcycle trade), gross series, went up by 0.9% in June 2024, compared t the previous month, due to the advance recorded for retail trade of car fuels in specialized shops (+5.7%) and for sales of nn-food products (+0.3%). Sales of food, drinks and tobacco dropped by 0.8%. Adjusted series went up by 1.9%, due to the increase recorded for retail sale of fuels for vehicles in specialized stores (+4.4%), sales of non-food products (+1.9%) and sale of food, drinks and tobacco (+0.1%). The volume of the retail trade figure (except for trade of cars and motorcycles), in June 2024 compared to June 2023, recorded an appreciation of 9.4%, due to the increase of nn-food products (+11.9%), retail trade of fuels for vehicles in specialized stores (+9.7%) and of food, drinks and tobacco (+6.2%). The adjusted series acording to the number of working days and season, there was a 10% increase, due to the rise recorded for non-food products (+13.3%), retail trade of fuels for vehicles in specialized stores (+10.2%) and sales of food, drinks and tobacco (+5.7%).
Unilever has announced the appointment of Irina Urechean as the new General Manager of its Ice Cream Division for Romania and Moldova, effective January 2025. In her new role, Urechean will be responsible for driving the growth and development of the division, focusing on portfolio expansion, innovation, and market leadership. With a career at Unilever […]
Premier Energy Group (BVB: PE), a leading energy provider in Southeast Europe and a listed company on the Bucharest Stock Exchange reports strong growth across its operations in 2024, with preliminary figures showing normalized revenue of EUR 1,263 million, marking a 45% year-over-year increase, and normalized EBITDA of EUR 103 million, up 14% compared to […]
Cristian Măcelaru will conduct the opening concert of the anniversary edition of the George Enescu International Festival, one of the world’s most prestigious classical music events, taking place from August 24 to September 21. The Romanian conductor will lead the George Enescu Philharmonic Orchestra and Choir at the inaugural performance at Sala Palatului in Bucharest, […]
Bucharest's Știrbei Palace is set to become Romania's first high-end retail destination, with Hagag Development Europe announcing its reopening for the second half of 2025. The building on Calea Victoriei will host some of the world's most prestigious brands, the developer said. Fashion houses such as Dior, Saint Laurent, Celine, Valentino Garavani, and Hermes will […]
Interim president Ilie Bolojan said on social media that Romania is a committed and reliable ally, after US president Donald Trump halted all military aid to Ukraine on Tuesday, February 4. Trump’s decision comes after a series of meetings at the White House with top national security officials in the aftermath of the disastrous public […]
Guest writer Henry Páll Wulff shares an ample overview of the top challenges Romania is facing and the potential solutions that local policymakers should consider. A captivating read, this opinion article shows what Romania can learn from countries such as France, Germany, Denmark, Finland, Canada, Costa Rica, and Bhutan. As Romania embarks on a new […]
