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%.
Chinese electronic giant Xiaomi has opened its first physical store in Romania as part of a broader strategy to strengthen its presence on the local market, with additional retail expansion planned for 2026. The new Xiaomi Store, located in Bucharest’s ParkLake Shopping Center, is the company’s first directly operated retail space in the country and […]
Romania will introduce new penalties for retailers that refuse to replace defective products, under a new law recently promulgated by president Nicușor Dan. The measure requires traders to provide a replacement within 30 days when customers report that a purchased item is faulty, whether the purchase was made in-store or online. The retailers that fail […]
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
