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The prices of the products leaving the factory gates grew by 31.2% in the European Union (EU) and by 30.8% in the euro zone, in October 2022 compared to the same period of 2021, in line with data from Eurostat, the statistical office of the European Union.
Luca Victor Rogojanu was appointed Deputy Chief Executive Officer (DCEO) and coordinator of the Credit and Risk Management Division within OTP Bank Romania, the local division of Hungary’s largest bank group.
Romania’s unemployment rate stood at 5.5% in October 2022, higher by 0.1 percentage points than 5.4% in September 2022, data from the country’s statistics institute INS shows on Monday (Dec 5).
Patria Credit IFN SA, a non-banking financial institution part of Patria Bank Group, has signed a new guarantee agreement with the European Investment Fund (EIF), within a RON205 ceiling, which will secure funding for small businesses worth over RON256 million.
Furniture producer Elvila, controlled by businessman Viorel Catarama, reported RON4.45 million losses for January-September 2022, from a net loss of RON1.54 million last year.
Proximity store network LaDoiPasi has neared the 1,900-unit threshold nationwide after having opened 281 units and closed 95 in the first ten months.
Italy’s Monza has sold the oncology hospital part of Enayati Medical City to Turkey’s Memorial Healthcare, which owns 11 hospitals in Turkey and which thus enters Romania’s market.
The number of companies with foreign capital newly established in Romania grew by 30.7% in the first ten months of 2022 compared to the same period in 2021, up to 6,175 units, according to data centralized by the country's Trade Register Office.
With a crop of 9.18 million tons of wheat harvested from 2.1 million hectares Romania placed fourth in the European Union (EU) in 2022, data from Eurostat, the statistical office of the European Union, showed on Friday (Dec 2).
A major transaction was recorded on the DEALS market of the Bucharest Stock Exchange at 3 p.m. on Friday, when 175.2 million Fondul Proprietatea (FP.RO) worth RON336 million changed hands. The transaction was concluded at the market price, RON1.92/share.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 41.1% In October 2022 compared to October 2021. data from Romania's statistics board INS showed on Friday.
Romania placed last in the European Union by research and development (R&D) expenditure as a percentage of GDP in 2021, the statistical office of the European Union, showed on Friday (Dec 2).
Commerce, manufacturing and agriculture are the economic sectors that received the bulk of corporate financing from lender Banca Transilvania, as the combined balance of loans granted for the three fields exceeded RON14.3 billion at the end of the first nine months of 2022, up nearly 27% on the year.
Romania's foreign exchange reserves decreased by EUR697 million in November 2022 versus October 2022, to EUR45.5 billion, central bank data showed Friday.
Insurance companies set up gross technical reserves of RON22.6 billion in the first half of 2022, up 8% on the year, as per data published in the report of Romania’s financial supervisory authority (ASF) regarding the evolution of the insurance market in the first half of 2022.
UiPath (NYSE: PATH), the first Romanian company listed on Wall Street, announced $262.7 million revenue in the third quarter of its 2023 fiscal year ended October 31, a 19% increase year-over-year.
The volume of air passenger transport in Romania increased by 96.9% in January-September 2022 to over RON15.7 million compared to just under RON8 million in the same period of 2021, in line with data from the country's statistics office INS.
The turnover of companies operating in the Romanian software industry increased by nearly 14.5% compared to 2020 and was 246% higher than in 2012, reaching a record high of almost EUR10 billion in 2021, as per finance ministry data.
The coming period will be a busy period for institutional investors as two banks, Banca Comerciala Romana and UniCredit Bank, are expected to release bond issues they will later have listed on the Bucharest Stock Exchange.
German manufacturer of wiring harnesses for the automotive industry and electrical systems Kromberg & Schubert Romania NA, the local subsidiary of the German group Kromberg & Schubert, currently has 100 jobs available for unskilled workers in the assembly and installation of parts at the factory in Nadab, near Arad, according to information on the AJOFM (County Agency for Employment) Arad website.19015 items