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%).
Romania’s modern retail market has surpassed 5 million square metres of leasable space for the first time, following the delivery of roughly 190,000 sqm in 2025, according to new data released by Colliers. Despite the milestone, consultants noted that Romania still trails regional peers in retail space per capita, signalling strong potential for further development. […]
Environment minister Diana Buzoianu said during an interview on Thursday, December 4, that she will not resign following the interruption of the drinking water supply in several localities in Prahova and Dâmboviţa counties, which has been affecting over 100,000 people, as well as hospitals and schools. She argued that the ministry she heads bears no […]
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
