Romania Feed for Friday, May 20, 2022

• Romania’s Central Bank Expects Higher Than Forecast Inflation in Dec 2022 and June 2023
• CEC Bank Posts RON54.2M Net Profit in Q1
• Simtel Team posts a turnover of RON 9.7 million in the first quarter of 2022, up 57% compared to Q1 2021
• Canon Truck Show, the unconventional hybrid working environment, arrived in Romania
• Colliers: The Bucharest office market recovery continued at the start of 2022
• Council of Europe proposes a comprehensive legal and policy framework to combat hate speech
• Accenture research finds four in five banks planning to or already migrating mainframes to the cloud
• Global risk rises in Q1 2022 with fears of stagflation amid Russia-Ukraine conflict, says GlobalData
• Initiative Romania becomes the new media agency for Avon Romania
• Square 7 Properties accelerates development and buys new 30,000 sqm plot of land in Medias
• Three-Month ROBOR Ends May 16-20 Week at 5.71% A Year
• Square 7 Properties Buys 30,000-Sqm Land Plot in Medias to Build New Shopping Center
• Chimcomplex Ends 1Q/2022 with RON73M Net Profit, Down 40%, and RON612M Turnover, Up 23% Vs 1Q/2021
• Nestle Goes Beyond RON1B Turnover Threshold in 2021 after Two-Digit Growth
• Provita Group Posts 15-20% Turnover Growth in 1Q/2022, Expects RON85M in 2022
• Automobile Dacia Returns to Growth in 2021
• Bucharest Likely to Be First City in Romania to Boast a Kempinski Hotel