Romania's industrial production increased by 14% in September 2024, in unadjusted data, compared to August 2024, but was down 0.1% . when adjusted for the number of working days and seasonality, data from the country's statistics board INS showed on Wednesday (Nov 13).
Romania's annual inflation edged higher in October 2024, to 4.7%, compared with 4.6% in September 2024, after being on a downward trend since July 2024, data from the country's statistics board INS showed on Tuesday (Nov 12).
Romania's central bank has decided at its Board meeting on Friday (Nov 8, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.
Token Payment Services (TOKEN) was authorized by Romania's central bank to accept online payment operations and transactions at physical POS (point of sale) terminals, in accordance with PSD2 regulation.
Romania's total external debt (public and private) increased by EUR14.1 billion in January-August 2024 versus December 31, 2023, up to EUR182.5 billion, central bank also showed on October 14, 2024.
Romania's central bank has a new Board of Directors, for a five-year term, led by Chairman and Governor Mugur Isarescu, starting October 11, 2024.
Romania's annual inflation further declined in September 2024, reaching 4.6%, from 5.1% in August 2024 and 5.4% in July 2024, data from the country's statistics board INS showed on Friday (Oct 11).
Romania's mergers and acquisitions (M&A) market rebounded in the third quarter of 2024 compared with the first half of the year, with 77 deals announced in the July-September period, compared with 53 deals recorded in the similar period in 2023, according to a PwC analysis.
Romania's central bank has decided at its Board meeting on Friday (Oct 4, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.
The Board of Directors of Romania's central bank authorized on October 1, 2024 the operation in Romania of Polish instant payment system BLIK.
Starting September 23, 2024, Romania's National Bank will add to the list of exchange rates the indicative quotations of the Romanian leu against the Hong Kong dollar (HKD), the Israeli shekel (ILS), the Indonesian rupee (IDR), the Philippine peso (PHP), the Icelandic krona (ISK), the Malaysian ringgit (MYR) and the Singapore dollar (SGD).
Romania's current account deficit stood at EUR15 billion in January-July 2024, compared with EUR11.3 billion reported in the same period of 2023, central bank data showed on Friday (Sept 13, 2024).
Hungary's MOL Group has invested RON300 million over the last three years to develop Romania's infrastructure.
Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the country's statistics board INS showed on Wednesday (Sept 11).
Romania's hourly labor costs adjusted to the number of working days climbed 6.79% in the second quarter of 2024 compared to the first quarter of 2024, data from the country's statistics board INS showed on Tuesday (September 3).
Romania's current account deficit stood at EUR12.17 billion in January-June 2024, higher by EUR3 billion than the level recorded in the same period of 2023, central bank data showed on Tuesday (August 13, 2024).
Romania's Competition Council is analyzing the transaction through which Dona Logistica S.A. plans to acquire the VET Division from Vetro Solutions S.A.
Romania's annual inflation resumed its upward trend, increasing to 5.4% in July 2024 compared to July 2023, after dropping to 4.9% in June 2024, data from the country's statistics board INS showed on Monday (August 12).
Romania's central bank has revised downwards its inflation forecast to 4% for the end of 2024 from its previous projection of 4.9%, central bank governor Mugur Isarescu said on Friday (August 9) at the "Inflation Report, August 2024" press conference.
Romania's Competition Council has announced in a press statement on August 5 that it conducted unannounced inspections at eight units that carry out car repairs covered under the compulsory civil liability insurance RCA.