February | Romania Feed

Romania's Finance Ministry raised RON1.73 billion from banks on Thursday (February 1), selling government paper in two auctions, at annual average yields of 5.97% and 6.03%, respectively.

Piping Logistics, a Belgian manufacturer of components for ventilation systems, will start production in a factory it operates near Timisoara in the first part of February. The opening was originally scheduled for 2023.

A delegation of the International Monetary Fund led by Jan Kees Martjin will visit Romania during the January 29-February 1 period for the periodic meeting the institution has with Romanian authorities, reads an announcement signed by Geoff Gottlieb, IMF’s main regional representative for CEE.

Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via an in-app notification about plans to shut down the operations in the country on February 1, 2024.

The average net salary in Romania increased by 6.7% in nominal terms in March 2023 compared with February 2023, to 4,554 (EUR929), data from the country's statistics board INS showed on Friday (May 12).

Romania’s industrial sales (on the domestic and external markets) rose by 7% in February 2023 from February 2022 and by 6.2% in nominal terms in February 2023 versus January 2022, data from the country’s statistical office INS showed on Thursday (March 16).

Romanian authorities issued 2,571 residential building permits in February 2023, 27.4% fewer than in February 2022, data from the country’s statistics board INS showed Friday (March 31).

Romania’s unemployment rate stood at 5.5% in February 2023, lower by 0.1 percentage points than 5.6% in January 2023, data from the country’s statistics institute INS shows on Friday (March 31).

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported assets of RON101.4 billion for February 2023, higher by RON5 billion since the beginning of 2023, against the backdrop of calmer waters on financial markets and of contributions from Romanian employees.

Deposits of non-government resident customers grew by 1.7% in February 2023 up to RON522 billion versus January 2023, and by 8.5% (down 6.1% in real terms) versus February 2022, in line with central bank data.

Private lending in February 2023 rose by 10.6% against the same period of 2022, to RON365.8 billion, as local currency lending went up by 4.3% and the foreign currency one increased by 27.4%, in line with central bank data.

Romania's annual inflation rate edged up to 15.5% in February 2023 after slowing down to 15.1% in January 2023, data from the country's statistics board INS showed on Monday (March 13).

Starting Wednesday, February 22, 2023, investors on the Bucharest Stock Exchange will be able to trade a new fund that tracks an index of the stock market (an exchange traded fund - ETF), namely the ETF Energie Patria -Tradeville.

Romania’s industrial production increased by 3.9% in unadjusted data In February 2022 compared to January 2022 and was down 1.0% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed Wednesday.

The average net salary in Romania increased by 0.6% in nominal terms in February 2022 compared with January 2022, to 3,721 lei (EUR753), data from the country's statistics board INS showed Monday.

Retail sales in Romania, excluding vehicle and motorcycle sales, inched up 0.1% in unadjusted data in February 2022 compared to January 2022, data from the country’s statistics institute INS showed Wednesday.

Romania's seasonally adjusted unemployment rate reached 5.7% in February 2022, the same level as in January 2022, data from the country's statistics board INS showed Thursday.

The net assets of the 233 domestic and foreign open-end and closed-end investment funds operating in Romania dropped by 3.1% in February 2022, to RON52.1 billion (EUR10.5 billion), and by 2.9% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators.

Private lending grew by 15.8% in nominal terms (6.7% in real terms) to RON330.7 billion in February 2022 compared to February 2021, as local currency lending grew by 20.1% (10.7% in real terms) and foreign currency lending by 5.9% when expressed in lei (4.3% when expressed in euros), central bank data showed Wednesday.

Romania's annual inflation rate climbed to 8.53% in February 2022 compared to February 2021, data from the country's statistics board showed Monday.