The volume of new orders in the manufacturing industry grew 3% in the first four months of this year compared to the same period in 2023, according to data the National Institute of Statistics (INS) published on Monday.According to the official statistics, in the period from 1 January to 30 April 2024, in the margin of growth in the number of new orders, positive results were recorded in the capital goods industry (+7.9%). On the other hand, decreases were reported in: the current-use goods industry (-4.6%), the intermediate goods industry (-3.3%) and the durable goods industry (-1.6%).Compared to April 2023, in April this year, new orders in manufacturing increased in nominal terms by 8.5%, due to activity in: the intermediate goods industry (+9.9%), the capital goods industry (+9.6%) and the durable goods industry (+2.5%). In contrast, the current goods industry fell 3.1%.Also, on a month-on-month basis (April vs. March 2024), the number of new orders in manufacturing decreased 3.6%, due to decreases in: the consumer goods industry (-8.8%), the durable goods industry (-7.2%) and the capital goods industry (-5.1%).Only the intermediate goods industry grew, with an advance of 1%.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
