The production services has increased by 0.1% in the European Union and has decreased by 0.1% in the euro zone, in May as compared to the previous month (when there was an expansion of 1% in both zones) and Romania had the most significant advance, according to the data published on Wednesday by the European Bureau for Statistics (Eurostat).The biggest increases of the production of services, in May as compared to April were registered in Romania (17.7%), Luxembourg (3.6%) and Malta (2.5%) and the most severe decline in Slovakia (minus 1.9%), Denmark (minus 1.8%) and Slovenia (minus 1.6%).Among the EU member states, the production of services dropped by 0.7% on the segment ”transport and storage”, by 0.2% for real estate activities, by 0.1% for administrative services and assistance, was stable for professional activities and increased on the segment of accommodation and food services by 1% and on the segment ”information and communication” by 0.4%. In May 2024, as compared to the similar period of 2023, the production of services has increased by 2.6% both in the EU and by 2.5% in the euro zone.The largest increases in service production in May 2024 compared to the similar period in 2023 were recorded in Luxembourg (16.6%), Malta (16.5%) and Romania (14%), and the most severe decline in Greece (minus 6.2%), Denmark (minus 3.2%) and Austria (minus 3%).Among the EU member states, the production of services has increased by 0.1% for the segment ”transport and storage”, by 7.7% for ”information and communication”, by 1.7% for real estate activities, by 2.7% for professional activities, by 1.3% for administrative and assistance services and dropped on the segment of accommodation and food services, by 1.1%.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
