Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Retail sales grew faster in Romania than in...

Retail sales grew faster in Romania than in the EU in February

May 10, 2022

Since early 2020, EU Member States have been taking restrictive measures to slow down the spread of the COVID-19 pandemic. This didn’t stop in 2021, when different waves of COVID-19 outbreaks required the Member States to react, resulting in a considerable decrease in petroleum products consumption in the EU.    Consumption of motor gasoline, kerosene-type jet fuel and gas and diesel oil used for transport of people, heating and products were severely affected, and none of the fuels has completely returned to pre-COVID levels.    While in 2020, EU Member States showed a combined decrease in motor gasoline consumption of 11% (from 74 million tonnes to 66 million tonnes) compared to 2019 levels, this value stands at a 5% decrease in 2021 (from 74 million tonnes to 70.4 million tonnes in 2021). The biggest declines in consumption were registered in Ireland, Luxembourg and Spain (more than a 20% decrease in each).   As every Member State's air transport was profoundly affected, consumption of kerosene-type jet fuel fell drastically in 2020 compared to 2019 (-56%) and did not recover considerably in 2021 (still -46%). In 2020 and 2021, the smallest reductions in consumption were registered in Luxembourg and Belgium, while Croatia, Romania and Cyprus saw the largest decreases.    Among the Member States, the largest increases were in Slovenia (21.7%), Slovakia (16.5%) and Portugal (15.9%). In Romania, retail sales increased by 5.6% year-on-year, above the EU average.   EU consumption of gas and diesel oil down 7%   In terms of gas and diesel oil, in 2020, EU wide consumption fell by 7%, especially in Luxembourg, Italy, Spain and Slovenia. Only in Finland, Cyprus and Romania was consumption greater than in 2019. In 2021, EU consumption increased but was still below 2019 levels (-6%).   In some cases, like Luxembourg, Germany, the Netherlands and Greece, consumption in 2021 compared to 2019 levels fell to even lower levels than in 2020, while in 10 Member States the use of gas and diesel oil increased above 2019 levels (Romania, Estonia, Croatia, Poland, Cyprus, Lithuania, Bulgaria, Czechia, Sweden and Latvia).  

The text of this article has been partially taken from the publication:
http://actmedia.eu/economic/retail-sales-grew-faster-in-romania-than-in-the-eu-in-february/97145
Read in full - click here
Little London International Academy boosts high school capacity by 30% for the 2025-2026 academic year with a EUR 3 mln expansion project

“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]

Iron Maiden to bring ‘Run For Your Lives’ tour to Bucharest in 2026

British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]

Three out of four Romanians believe Ukraine war greatly impacts Romania, survey shows

Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]

Romanian investor reportedly buys Bucharest’s emblematic Scala building

Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...

Bucharest Parking Company reports strong results, adds over 12,400 new parking spaces in H1

The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18.  CMPB reported a net profit of RON 28.3 million for January–June […]

Romanian project creates seagrass meadows, artificial reefs in the Black Sea

Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]