Romanian Market News

Romanian Market News In Brief – Wednesday 16/11/2022

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COMPANIES

-Automobile Dacia and Ford, Romania’s two automakers, manufactured 425,423 passenger cars in the first ten months of 2022, almost 30% up y-o-y, Romania’s carmakers association ACAROM data showed.

-Transport Trade Services recorded consolidated revenue of RON664.3 million in January-September 2022, up 47.3% y-o-y, amid massive flows of grain exported by Ukraine, according to the financial report of the biggest integrated freight shipper on the Danube

-NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, has opened flexible office spaces in five shopping centers in Romania. The first unit is now open in Promenada Mall, Bucharest.

ECONOMY

-Romania will allocate over 2% of the Defense budget for research and over 20% for investments, said on Wednesday, Rear Admiral Ion-Cristian Lisman, Deputy for Resources of the Chief of the Defense Staff.

-The Chamber of Deputies on Wednesday passed slashing RON 0.50 off fuel prices throughout December 31, 2022, 157 to 91 and five abstentions.