FINANCE
-Romania’s foreign exchange reserves (foreign currency plus gold) increased to more than EUR50 billion for the first time ever, reaching EUR51.78 billion in October, compared with EUR49.3 billion in September, National Bank of Romania data showed.
-The flow of new corporate loans denominated in euros stood at EUR 795 mln (RON 3.9 bln, the highest level in 13 years) in September, surpassing for the first time in the last decade the flow of new corporate loans denominated in local currency (RON), Ziarul Financiar reported.
COMPANIES
-Bucharest-listed Romgaz, a state-run natural gas producer and supplier, on Tuesday (Nov. 1) announced a deal with Electrocentrale Bucuresti, the main provider of heating via the central heating system of Bucharest, according to a Bucharest Stock Exchange report.
-Finland’s Nokian Tyres announced on Tuesday (November 1) that it will invest some EUR 650 million in a new passenger car tire factory in Oradea, Romania that will become operational at the end of 2024.
DATA
-The number of registrations of individuals and legal persons increased, in January-September 2022 by 3.32% y-o-y, to 120,602, of which 90,814 are limited liability companies (SRL), National Trade Register Office (ONRC), data showed.
-The latest Google Smart Shopper study, which analyzes shopping habits in Romania, revealed that the percentage of those who shop online has increased this year, with almost half of Romanians (47%) making their most recent purchase online, compared to 41% in 2021.
