ECONOMY
-Romania’s Finance Ministry raised RON475.2 million on Monday (October 31) selling bonds maturing in October 2032, at an annual average yield of 9.25%, according to data published by the National Bank of Romania (BNR).
-Ireland and Romania register the lowest tax-to-GDP ratio in the EU, Eurostat data showed.
-The rising cost of construction materials, higher utility costs and the war on the border curb Romanians’ appetite for home renovation, according to a Star Stone survey.
COMPANIES & MARKET
-The number of employees in Romania’s outsourcing industry has increased by almost 30% in the past three years, to more than 230,000 persons, data included in the annual report of the Association of Business Services Leaders in Romania (ABSL) showed.
-Turkey is Romania’s first trade partner outside the European Union, deputy Iusein Ibram, member of the parliamentary group of national minorities, said on Monday in an intervention in the plenary sitting of the Chamber of Deputies.
-Insurance-reinsurance brokerage Millenium Insurance Broker, during October 17-25 period carried out a private placement with a view to its listing on the AeRO market of the Bucharest Stock Exchange, in the wake of which it raised around RON4.2 million, Ziarul Financiar reported.
