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Mashreq, the oldest private bank in the United Arab Emirates (UAE), has appointed Romanian Radu Topliceanu as its new Head of Neo and Personal Banking.
Romania's trade balance posted a deficit of EUR31 billion in January-November 2022, higher by EUR9.6 billion (+45.2%) compared with the first eleven months of 2021, data from the country's statistics board INS showed on Monday (January 9).
More and more CEOs believe that data used effectively can lead to medium- and long-term strategy change and revenue growth, but they still don’t feel confident enough in their organization’s data governance and security to make decisions based on it, according to the studies carried out by PwC globally.
Romania’s unemployment rate stood at 5.4% in November 2022, lower by 0.1 percentage points than 5.5% in October 2022, data from the country’s statistics institute INS shows on Monday (Jan 9).
Carmistin group, a major Romanian food producer, controlled by Paraschiv family, has started bio egg production and has accessed new funding worth EUR42 million to continue its investment strategy.
E.ON Energie Romania and Transparent Design, a plain glass processor, have recently completed the construction of a photovoltaic plant of almost EUR1.6 million, an investment that secures around 25% of the energy the plant of Popesti Leordeni, Ilfov county, needs.
2Performant, the main player on Romania’s affiliated marketing market, listed on the AeRO market of BVB, announces sales generated by its own platform reached EUR101.9 million (VAT not included) in 2022, up 39% from the previous year, a level that for the first time overshot the EUR100 million mark.
Travel agency Eturia, specialized in exotic destinations, in 2022 reached EUR20 million revenues, way above the 2021 figures.
SME-type companies in 2023 have funding totally worth around EUR2 billion available, in line with data provided by consulting firm REI Grup.
One of the positive pieces of news at the end of 2022, with a relevant contribution for Romania’s macroeconomic and financial stability in 2023, is that the country’s international reserves touched a new record high in December 2022, exceeding EUR52.3 billion (an annual increase of almost 14%), according to Leonardo Badea, deputy governor and member of the Executive Board of Romania’s central bank.
Romanian authorities issued 40,969 residential building permits in January-November 2022, 13.3% fewer than in the same period of 2021, data from the country’s statistics board INS showed on Friday (Jan 6).
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ended the first week of 2023 at 7.48% a year, lower than the 7.56% level registered on January 3, 2023, as per central bank data.
Online supermarket Sezamo, part of the European Rohlik group, has introduced cash payment for orders placed online.
Retailer Kaufland will open at least ten new stores and remodel ten others in 2023, thus continuing at the same pace as in the last three years, Kaufland Romania and Moldova CEO Marco Hoessl says.
Three-star Capitol Hotel in the center of Brasov, held by Aro-Palace, will move to an international brand this year, says Aro-Palace chairman of the board of directors Calin Ilie.
Last year was a year of extremes for Gusto puffs maker Phoenixy, with unexpected opportunities to boost sales in countries never considered before, when production and revenue went up a lot, while the profit shrank, says general manager and founder Eliodor Apostolescu.
Romania's finance ministry seeks to raise $9 billion (EUR8.5 billion) by tapping international markets in 2023 with US dollar-denominated bond issues, maturing in five, ten and thirty years, respectively.
Romania's finance ministry raised RON3.34 billion on Thursday (January 5, 2023) during this year’s first session of government bond issues, at annual average yields of 7.34% and 8.15%.
Agreena, the company that developed one of the first internationally accredited soil carbon certification programs in Europe, has appointed Mihaela Monica Vasile as Market Lead for Romania.
Industrial production prices increased by 44.8% in Romania in November of 2022 versus the same period of 2021, placing the country third in the European Union, with higher increases recorded only in Hungary (63.5%) and Latvia (51.2%), according to data from Eurostat, the statistical office of the European Union (EU).19015 items