Industrial output in EU and the euro zone grew in August 2024, compared to July 2024, and Romania is a member cuntry where industrial output grew from one month to the other, according to data released on Tuesday by Eurostat. According to those data, in August, compared to July grew by1.8% in the euro zone and by 1.2% in EU. Romania is among member countries where industrial output grew by 1.2%. The biggest increases of industrial output were recorded in Ireland (4.5%), Germany and Lithuania (both with 3.3%) and Malta (2.7%). In August 2024 against August 2023, industrial output grew by 0.1% in the eurozone and by 0.2% in EU. Romania is among member states with drops of annual industrial output, with a decline of 2.1%. However, the August drop is lower than 4% recorded in Romania in July 2024 compared to July 2023. Data released previously by the National Institute of Statistics (INS) show that in Romania, at August 2024 level, industrial output dropped by 12.8% the previous month, because of the processing industry (-14.3%), production and supply of electric and thermal energy, gas, warn water and air conditioning (-7.8%) and extractive industry (-1.2%). At the same time, there is a 1.1% increase of industrial output from one month to the other, due to activities in the processing industry (+1.7%). On the other hand, the production and supply of electric and thermal energy, gas, warm water and air conditioning, as well as the extractive industry dropped by 4.5% and 1.2% respectively. Compared to August 2023, in August 2024, industria output dropped by 4.3%, on the background of reducing results in the production and supply of elecgric and thermal energy, gas, warm water and air conditioning (-5%), processing industry (-4.5%) and extractive industry (-0.4%). As adjusted series, the decline of industrial output was 2%, an effect of drops recorded by the production and supply of electric and thermal energy, gas, warm water and air conditioning (-4.7%) and processing industry (-2%). In exchange, the extractive industry remained at the same level in August, 2024 compared to the same month of 2023.
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
Prosecutors with Romania's General Prosecutor's Office have formally changed the legal status of former presidential candidate Călin Georgescu from suspect to defendant, judicial sources told Agerpres on Friday, June 27. The decision comes after Georgescu quoted Corneliu Zelea Codreanu, the leader of...
A motion of censure against the European Commission led by Ursula von der Leyen was submitted on Thursday, June 26, by far-right member of the European Parliament Gheorghe Piperea, part of the Alliance for the Union of Romanians (AUR), the party announced. Piperea, along with the other AUR deputies in the European Parliament, is part […]
FlixBus, the travel-tech company operating Europe's largest intercity coach network, announced the launch of its first domestic routes in Romania. Operated in partnership with local carriers, the 10 new intercounty lines will connect over 50 cities, the company said. FlixBus's domestic network includes major routes such as Bucharest–Iași, Constanța–Timișoara, and connections to cities like Satu […]
