Business milieu estimates Romania is heading for stagflation (Moneycorp barometer)
Romania is heading for a period of economic stagnation and a further rise in inflation, a potential scenario, known as stagflation, which causes companies to secure their businesses, in line with the declining appetite for investment and consumption, according to the Moneycorp Barometer.
. Stiri pe Surse
Romania’s Jan – April industrial production drops 2.5 pct
Romania’s industrial production dropped 2.5 percent over January – April 2022 in unadjusted terms from the similar period of the year before and was 3.1 percent down as workday and seasonally adjusted series, shows data released on Tuesday by the National Institute of Statistics (INS).
. Ziarul Financiar
Banca Transilvania CEO Omer Tetik Sells 1M Shares on Bucharest Stoc Exchange
Omer Tetik, CEO of Banca Transilvania (TLV.RO), Romania’s largest bank by assets, sold one million shares in the lender on June 7, 2022, according to a report to the Bucharest Stock Exchange. The price per unit reached RON2.45, bringing the total to RON2.45 million.
How much does gasoline and diesel cost in Romania on Tuesday, June 14th. Fuel prices continue to rise sharply
If last year during this period the drivers paid for a full tank of gasoline around 280 lei, this year the price rose considerably to over 400 lei. The situation is similar with diesel.
. Evenimentul Zilei
What is the average pension in Romania. It is up 9.9% on the previous quarter. What analysts say
The average monthly pension was in the first quarter of this year, of 1,846 lei, increasing by 9.9% compared to the previous quarter.
CEC Bank: 66.5% of Romanians failed to save – poll
66.5% of Romanians surveyed in a poll conducted by CEC Bank in partnership with bank comparator FinZoom.ro say they have no savings, and among those who managed to put money aside, those (77.6%) have life savings of less than 10,000 euros