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%.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]
The Buzău Land UNESCO Global Geopark in Romania has become a “living laboratory” this week as a team of American researchers arrived to study microorganisms capable of surviving in extreme environments. The scientists, part of the interdisciplinary research organisation The Two Frontiers Project, are examining methane seeps, sulfur and petroleum springs, saline sources, and other […]
