Starting Monday 21/11/2022, you can read Romanian Daily News in Markets, Politics, Economy, Companies, Technology and Society at our sister publication BuildPress. Stay tuned!
READ MORE
ECONOMY -Wholesale trade, which does not include motor vehicles and motorcycles, increased by 25% in January-September 2022 y-o-y, the National Institute of Statistics (INS) data showed. -All the activities provided as market services for enterprises contributed to the increase of turnover in this segment by 27.9% in January-September 2022 y-o-y, INS data showed. -The gross national minimum wage guaranteed in payment is
READ MORE
ECONOMY -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
READ MORE
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
READ MORE
ECONOMY Romania’s economy slowed down to 1.3 percent in Q3 2022 in real terms (in unadjusted data) compared to the previous quarter, from a quarterly growth rate of 1.8 percent in Q2, a flash estimate by the National Institute of Statistics (INS) showed. BANKING Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans
READ MORE
MACRO -The National Bank of Romania (BNR) revised upwards its 2022 year-end inflation forecast to 16.3%, from its previous forecast of 13.9% in August, BNR governor Mugur Isarescu told a press briefing on Monday (Nov. 13) presenting the latest inflation report. -The European Commission (EC) sees Romania’s economy expanding by 5.8% this year, as compared to a 3.9% growth rate projected in
READ MORE
CAPITAL MARKET -Romania’s finance ministry raised RON3 billion on Thursday (Nov 10) through two government paper auctions, at annual average yields of 8.83% and 8.74%, National Bank of Romania data showed. -The Bucharest Stock Exchange’s operating revenues stood at RON24.5 million in the first nine months of 2022, up 33% y-o-y. COMPANIES -Despite the challenging times, most of the companies (70%) participating
READ MORE
