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%.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
