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The annual inflation rate in the European Union was 9.8% in July 2022, up from 9.6% in June 2022 and from 2.5% in July 2021. In Romania, the annual inflation was 13% in July 2022, in line with data from Eurostat, the statistical office of the European Union, on Thursday (August 18).
The Romanian leu has further gained ground against the euro by midday Thursday (August 18) and the central bank set the leu’s reference rate versus the euro at 4.8793.
The number of job vacancies in Romania stood at 46 thousand in the second quarter of 2022, decreasing by 1.3 thousand as against the previous quarter, data from the country’s statistics board INS showed Thursday.
MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, on Thursday reported an operating income of RON27.8 million for the first half of 2022, up 9% on the year, as per data from the company’s half-year financial report.
Real estate developer Impact Developer & Contractor (IMP.RO), held by businessman Gheorghe Iaciu, on Thursday informed the capital market about the opening of a private placement for the subscription of up to 125 million ordinary new shares.
Law firm RTPR has assisted Catalyst Romania Fund II in relation to the acquisition of a minority stake in Evolution Prest Systems S.R.L., the company that owns the e-commerce website www.evoMAG.ro specialized in IT&C, telecoms and FMCG products.
The volume of Romanian construction works increased, in unadjusted data, by 4.3%, in January-June 2022 as compared to the same period of 2021, and by 1.9% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.
Low-cost airline Wizz Air has announced the opening of a new base, in Suceava (north-eastern Romania), and the launch of five new routes from Suceava to France, Belgium, Italy, Cyprus and The Netherlands.
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, inched down to 7.97% a year on Thursday (August 18), from 7.98% on Wednesday (Aug 17), as per central bank data.
Brewer Bergenbier, part of the Molson Coors Group, announces a partnership with integrated provider of mobility and financing solutions Autonom, to outsource its fleet.
CEC Bank has provided a EUR15 million line of credit to finance the ongoing operations of AAylex One, the company behind the Cocorico poultry brand.
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, ended the first half with gross written premiums of EUR6.44 billion, an increase of 11.6% on the year-ago period.
Romania produced 600,550 tons of cabbage in 2020, making it the third largest producer in the European Union after Germany and Poland, according to statistics of the United Nations’ Food and Agriculture Organization (FAO).
State-run electricity distributor and supplier Electrica (EL.RO) posted RON175.5 million loss in the first half of 2022, compared with a RON76.1 million profit in the year-ago period.
Romanian pharmaceutical manufacturer Antibiotice (ATB.RO) Iasi’s total revenue from sales reached RON248.1 million in the first half of 2022, up 54% on the RON161.4 million in the year-ago period, the company said in its report to the Bucharest Stock Exchange.
Snack distributor Mogyi Romania, the local subsidiary of the Hungarian Mogyi Group, posted RON79.4 million (EUR16.1 million revenue) in 2021, an increase of 4% from the previous year, according to ZF calculations based on Finance Ministry data.
Dacia has all the models in its range among the top selling cars in Romania for the first time, after the new Jogger also entered the top ten, in January-July, the statistics of the Automotive Manufacturers and Importers Association (APIA) show.
Chimcomplex (CRC.RO), Romania's largest chemical plant, on Wednesday (August 17) informed investors that it would temporarily halt the production activity at the Borzesti industrial platform, as per a stock market report.
Euroins Romania, the largest insurance company on the local market after the collapse of City Insurance, ended 2021 with a loss of RON19 million and last year was its third in the red in a row, Euroins Romania's annual report shows.
Bookstore chain Carturesti is investing EUR450,000 in AudioTribe, the first Romanian platform with audiobooks in Romanian and English, launched a year ago.19477 items