Romanian Market News

Romanian Market News In Brief – Thursday 17/11/2022



-Romania’s banking system net profit hit a new record high at the end of the first nine months of 2022, standing at RON7.6 billion, up around 20% y-o-y, as lending increased by an average pace of 16% year-on-year.

-The volume of construction works in January-September 2022 was 8.9% higher year-over-year in unadjusted terms, and 6.6% up expressed as workday and seasonally adjusted terms, National Institute of Statistics (INS) data showed.

-Romania ranks 13th in the EU, with a volume of 105,817 new passenger cars registered, up 8.1% compared with January-October 2021, ACAROM, the association of car manufacturers in Romania and ACEA data showed.


-Romania’s Schengen area’s membership would lead to strengthening the internal market of the European Union, to fluid intra-European trade and to more efficient European value chains, Chairman of the Association of Romanian Business People (AOAR) Florin Pogonaru told a news conference on Thursday (Nov. 17).

-Grants of up to EUR500,000 will be extended to Romanian firms that process grain, oilseeds and milk under a scheme approved by the Government through an emergency ordinance on Thursday (Nov. 17).

-Romanian government via the Authority for State Assets Management has taken over 75% in low-cost air carrier Blue Air, becoming the majority shareholder of the company.