Romania - Page 3

Foreign direct investment (FDI) in Romania totaled 5.279 billion euros in the first nine months of 2021, up by a whopping 214.79% compared to the same period a year ago, National Bank of Romania (BNR) data showed on Monday (Nov. 15). “The direct investments by non-residents in Romania amounted to 5.279 billion euros (as against 1.677 billion euros over January – September

The Bucharest Stock Exchange’s (BVB) net profit dropped 37% to RON5.5M in the first nine months of 2021, compared to the same period a year ago, with a net margin of 30%, BVB said in its financial report on Thursday (Nov. 11). Operating revenues stood at RON 8.40M, down 9%, while operating expenses stood at RON 13.5M, up 13% compared to January-September

Romgaz, the largest producer and main supplier of natural gas in Romania, will pay up to $1.07 billion to US energy giant Exxon Mobil for its 50% stake in Neptun Deep, a Black Sea offshore gas project, the Romanian state-owned company said. Romgaz’s board approved the deal on Tuesday (Nov 2) and will ask shareholders to vote on it at a meeting

The CFA Romania Macroeconomic Confidence Index dropped 16.4 in September to 57.2 points on a monthly basis with more than half of CFA analysts (55%) predicting that the economic impact of the Covid-19 crisis will last through the last quarter of 2022. “Amidst a surge in inflation, the inflation expectations for the next 12 months have risen,” CFA Romania Association Deputy Chairman

The Forest Workers’ Association of Romania (ASFOR) and the Romanian Commodity Exchange (BRM) have concluded a memorandum of understanding (MoU) to create a platform for trading timber and processed timber, called the Timber Exchange, which will be operational in the first quarter of 2022. “Such a platform will ensure transparent, efficient, competitive transactions. Data on markets administered by BRM are public and

The National Bank of Romania (BNR) has cleared lenders in the country, some of which are controlled by foreign financial groups from Austria, France, Italy, the Netherlands and Greece, to pay dividends to shareholders following a two-year hiatus due to the Covid-19 fallout, local business daily Ziarul Financiar reported on Monday (Oct. 18). In 2020, some of the largest banks that were

The exposure of the Romanian banking system to domestic sovereign debt securities reached the highest level in the European Union, as banks hold in their portfolio Government papers (bonds and bills) worth 7% of GDP and this may be risky, according to Florian Neagu, deputy director of the Stability Department within the National Bank of Romania (BNR) A simulation made by the