Industrial production prices in total (domestic and foreign markets) decreased in November 2023 2.6% compared to the same month last year, according to data the National Institute of Statistics (INS) released on Thursday.Also, in November 2023, industrial production prices in total (domestic and foreign market) increased 0.2% compared to October 2023.By major industrial groups, year-on-year increases were recorded by the current goods industry - 6.07%, the capital goods industry - 5.49% and the durable goods industry - 3.9%.On the other hand, decreases were recorded in November 2023, compared to November 2022, in the energy industry - 7.96% and in the intermediate goods industry - 4.93%.INS data show that, in terms of the industrial production price index for the total (domestic and foreign market), by CAEN sections and divisions, the largest increase in November 2023, compared to November 2022, was recorded in the manufacture of basic pharmaceutical products and pharmaceutical preparations - 21.73%.There were also increases in the following sectors: water collection, treatment and distribution - 18.17%; repair, maintenance and installation of machinery and equipment - 12.90%; service activities incidental to mining and quarrying - 12.32%; manufacture of clothes - 9.49%; manufacture of beverages - 8.62%.Decreases were recorded in manufacture of coke and refined petroleum products - 20.18%; manufacture of paper and paper products - 14.51%; manufacture of chemicals and chemical products - 16.08%, manufacture of basic metals - 14.26%; manufacture of tobacco products – 4.61%.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
