The turnover in industry, in domestic and foreign markets, overall, increased in nominal terms by 5.6% in 2024 compared to the previous year, according to data published on Thursday by the National Institute of Statistics (INS).The evolution of industrial turnover was influenced by the manufacturing industry, which rose by 5.9%, and by the mining and quarrying industry, which fell by 1.8%.By major industrial groups, increases in turnover were recorded in the capital goods industry (+11%), durable goods industry (+7.5%), consumer goods industry (+3.8%) and intermediate goods industry (+3%). On the other hand, turnover in the energy industry dropped by 2.5%.In December 2024, turnover in industry increased in nominal terms, compared to the corresponding month of the previous year, as a whole, by 8.6%, due to increases in mining and quarrying (+23.1%) and manufacturing (+8%).By major industrial groups, growth was recorded by: capital goods industry (+19.2%), durable goods industry (+10.5%), intermediate goods industry (+5.4%) and current goods industry (+3.8%). Turnover in the energy industry decreased by 9.2%.In December 2024 compared with the previous month, the turnover in industry fell overall, in nominal terms, by 12.3% in December 2024 as a result of decreases in manufacturing (-12.4%) and mining and quarrying (-11.6%).By major industrial groups, decreases were recorded in the durable goods industry (-27%), intermediate goods industry (-20.8%), capital goods industry (-8%), energy industry (-5.8%) and current goods industry (-4.3%).
Trade unions at Romanian passenger railway company CFR Călători will start the procedures leading up to the strike on July 1 if the new Collective Labor Agreement is not signed at the company level, announced the president of the Federation of Railway Transporters' Unions in Romania, Rodrigo Maxim,
Tata Consultancy Services (TCS), part of India’s Tata Group, has opened a new engineering center in Romania as part of its strategic expansion across Europe, the company announced. The facility will focus on software-defined vehicle (SDV) technologies, positioning Romania as a key location in the firm’s efforts to develop next-generation mobility solutions. The Romanian center […]
The Concordia Employers' Confederation reiterated its concern about the proposed tax increases, which will affect the competitiveness of Romanian companies and reduce the purchasing power of citizens. "We draw attention to the fact that budgetary balance should be pursued primarily through efficiency and more efficient fiscal administration, and less through measures that would tighten the […]
Market participants have voiced strong reservations about the Romanian government’s proposal to increase the capital gains tax rate on stock market transactions to 10% (from 1%-3% currently), citing potential disruptions to investor confidence and market stability. The proposal, part of the fiscal agenda included in prime minister Ilie Bolojan’s ruling programme has prompted responses from […]
The Romanian Banking Employers' Council (CPBR) expressed strong opposition on June 25 to a proposed new tax on so-called "excessive profits" in the banking sector, which was included in the government's 2025–2028 Ruling Programme. The association warned that the measure could generate adverse economic and social consequences despite offering the illusion of short-term fiscal relief. […]
The 2025-2028 Ruling Program published by the government of prime minister Ilie Bolojan is “the best in past 35 years [since the fall of communism]” and could avoid the need to hike the standard VAT rate from 19% currently, according to Eugen Rădulescu, advisor to the central bank (BNR) governor quoted by
