August | Romania Feed

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported assets of RON114.6 billion for August 2023, as per data released by Romania’s Financial Supervisory Authority, or ASF.

NN Pensii, the largest private pension fund operating on the mandatory segment in Romania (Pillar II), in August 2023 increased its ownership stake in telecom operator Digi (ticker symbol DIGI.RO) by acquiring shares from stock market investors.

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched up 0.6% in unadjusted data and grew 1.1% when adjusted for seasonality and number of working days, in August 2023 compared to August 2022, data from the country’s statistics institute INS showed on Wednesday (October 4).

Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 3.3% in August 2023 compared to August 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (October 3, 2023).

Private pension fund Metropolitan Life Pensii Private, with assets worth RON16.2 billion invested on behalf of 1.1 million Romanians, made five acquisitions at the Bucharest Stock Exchange in August 2023, as per data aggregated by Ziarul Financiar (ZF) daily.

Romania’s unemployment rate stood at 5.4% in August 2023, lower by 0.1 percentage points than 5.5% in July 2023, data from the country’s statistics institute INS shows on Monday (October 2).

Romanian authorities issued 3,115 residential building permits in August 2023, 1.9% more than in July 2023 and 23% fewer than in August 2022, data from the country’s statistics board INS showed on Friday (Sept 29).

Private lending in Romania grew by 5.5% in nominal terms (down 3.6% in real terms) to RON378,75 billion in August 2023 compared to August 2022, central bank data showed on Monday (September 25).

Romania's annual inflation stagnated at 9.4% in August 2023, a level similar with the one reported in July 2022, data from the country's statistics board INS showed on Wednesday (September 13).

The asking prices of old three-room apartments in Bucharest increased in August after a slight decline in July.

Romania's foreign exchange reserves stood at EUR53.90 billion at the end of August 2023, close to the EUR53.93 billion level reported at the end of July 2023, central bank data showed on Friday (September 1).

Romania's Finance Ministry raised RON678 million from banks on Monday (August 28), selling government paper with a nominal value of RON500 million at an annual average yield of 6.76%.

Romania's Finance Ministry raised RON674 million from banks on Monday (August 21), selling government paper with a nominal value of RON500 million due in October 2028, at an annual average yield of 6.69%.

Romania's Finance Ministry raised RON906.7 million from banks on Thursday (August 17), selling government paper in two auctions, at annual average yields of 6.21% and 6.99%.

Romania's Finance Ministry raised RON525 million from banks on Thursday (August 10), selling government paper maturing in 2026, at an annual average yield of 6.58%.

Romania's Finance Ministry raised RON410 million from banks on Monday (August 7), selling government paper maturing in February 2038, at an annual average yield of 6.9%.

Romania's Finance Ministry raised RON438 million from banks on Thursday (August 3), selling government paper in two auctions, at annual average yields of 6.64% and 6.74%.

Retail turnover, a barometer for private consumption, declined by 3.6% in gross series in September from August amid falling sales of foodstuffs, beverages and tobacco (by 8.3%, fuel (by 2.2%) and non-food items (by 0.4%), in line with data from the country’s statistics board INS.

In August 2022, the volume of construction works rose, in unadjusted data, by 15.7% as compared to August 2021 and was up 15.6% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Wednesday (Oct 19).

The average net salary in Romania decreased by 1.1% in nominal terms in August 2022 compared with July 2022, to 3,933 lei (EUR797), data from the country's statistics board INS showed on Wednesday (October 12).