January-September | Romania Feed

Romania's gross domestic product (GDP) increased by 1.1% in real terms (in unadjusted data) and by 1.9% in seasonally adjusted data in January-September 2023, as against the same period of 2022, data from the country's statistics board INS showed on Tuesday (Nov 14).

Romania's current account balance posted a deficit of EUR16.05 billion in January-September 2023, lower by 24% than the EUR21.14 billion level reported in the same period of 2022, central bank data showed on Monday (November 13, 2023).

Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billion (2.96% of GDP) reported in the same period of 2022, the finance ministry said on Thursday (October 26).

The passenger car output of the two automotive plants of Romania, Dacia and Ford, dropped by 1.8% year-on-year to 375,860 units in the January-September 2023 period, in line with data provided by the country’s carmakers association ACAROM.

New car registrations in Romania increased by 15.46% to 110,011 units in January-September 2023 compared to the same period of 2022, but fell by 11.59% on the year to 10,545 units in September 2023, Romanian carmakers’ association ACAROM data show.

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.

Romania’s industrial production fell by 1% in unadjusted data in January-September 2022 versus the same period of 2021 and by 1.6% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed Monday (Nov 14).

Romania's trade balance posted a deficit of EUR25.06 billion in January-September 2022, higher by EUR8.3 billion compared with the first nine months of 2021, data from the country's statistics board INS showed on Wednesday.

Insurance company Allianz-Tiriac on Thursday reported gross underwritings of over RON1.2 billion in January-September 2021, up over 19% on the year, with all significant business lines seeing increases in sales, amid higher client numbers.

Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR411.6 million in Romania in January-September 2021, up 16% on the year, and a profit before taxes of EUR1.9 million, down 86% on the year, per the company’s financial report.

Romanian state-owned power grid operator Transelectrica (TEL.RO) said in its financial report released on Friday that its net profit declined by 46.7% on the year to RON81 million in the first nine months of 2021, and its revenue grew by 37% on the year to RON2.82 billion in January-September 2021.

Romania's trade balance posted a deficit of EUR16.7 billion in January-September 2021, higher by EUR3.68 billion compared with the first nine months of 2020, data from the country's statistics board INS showed Tuesday.

Romania's general consolidated budget posted a deficit of RON44.29 billion in January-September 2021, or 3.77% of the gross domestic product, lower than RON67.27 billion, or 6.37% of GDP, in the first nine months of 2020, finance ministry data showed Tuesday.

Private lending grew by 13.4% in nominal terms to RON314.5 billion in January-September 2021, compared to the same period in 2020, as local currency lending grew by 18.4% and foreign currency lending by 2.3% when expressed in lei, central bank data showed Monday.

Net investments in the Romanian economy grew 0.7% in January-September 2020 compared with the same period last year, to RON68.8 billion, data from the country's statistics board showed Thursday.

Car parts manufacturer Compa Sibiu (CMP.RO) on Monday reported a consolidated net profit of RON85,880 for January-September 2020, down 99.7% on the year, and a turnover of RON372.9 million, down 37.2% on the year, per Ziarul Financiar calculations based on the company’s quarterly report.

Romania's trade balance posted a deficit of EUR13.058 billion in January-September 2020, EUR998.5 million higher (+8.3%) compared with the same period in 2019, data from the country's statistics board showed Monday.