July | Romania Feed

Raiffeisen Bank will be inaugurating Raiffeisen Tech, the new finance and banking tech and software development center in Romania, on July 1, 2024, the parent group informed in a release on Wednesday (May 29).

The gross minimum wage will rise to RON3,700 from 1 July, Prime Minister Marcel Ciolacu announced after Thursday's meeting with the National Tripartite Council for Social Dialogue.

Home appliances producer De’Longhi Romania will open in July the Satu Mare plant, an over EUR40 million investment set to turn Romania into the group’s largest coffee machine production hub globally.

The average net salary in Romania decreased by 0.7% in nominal terms in August 2023 compared to July 2023, to 4,531 (EUR913), data from the country's statistics board INS showed on Thursday (October 12).

The volume of construction works in Romania increased, in unadjusted data, by 15.8% in July 2023 compared to July 2022 and was up 15.9% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Wednesday (Sept 20).

Romania’s industrial production decreased by 6.2% in unadjusted data in July 2023 versus July 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-11.3%) and manufacturing (-6%), data from the country’s statistics board INS showed on Wednesday (September 13, 2023).

The average net salary in Romania decreased by 0.8% in nominal terms in July 2023 compared to June 2023, to 4,565 (EUR920), data from the country's statistics board INS showed on Tuesday (Sept 12).

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched up 0.7% in unadjusted data and grew 1.2% when adjusted for seasonality and number of working days, in July 2023 compared to July 2022, data from the country’s statistics institute INS showed on Wednesday (Sept 6).

Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 0.9% in July 2023 compared to July 2022, data from Romania’s National Statistics Institute INS showed on Monday (Sept 4, 2023).

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

The number of real estate deals in Romania stood at 12,252 in July 2023, an increase of 16% on June 2023, data from the national cadaster agency ANCPI showed on Thursday (August 24).

Private lending in Romania grew by 5.6% in nominal terms (down 3.5% in real terms) to RON378.2 billion in July 2023 compared with July 2022, central bank data showed on Thursday (August 24).

Romania's annual inflation decreased below the 10% threshold in July 2023, reaching 9.4% compared to July 2022, data from the country's statistics board INS showed on Friday (August 11).

Romania's foreign exchange reserves stood at EUR53.9 billion in July 2023, higher by EUR519 million versus June 2023, central bank data showed on Tuesday (August 1).

Individuals searching for new jobs registered some 650,000 applications on the Bestjobs recruitment platform in July 2023, which is 30% more than in June 2023 and 20% more than in July 2022.

Romania's Finance Ministry raised RON798.8 million from banks on Thursday (July 27), selling government paper maturing in October 2028, at an annual average yield of 6.61%.

Romania's Finance Ministry raised RON654.1 million from banks on Monday (July 24), selling government paper maturing in April 2031, at an annual average yield of 6.44%.

Romania's Finance Ministry raised RON603 million from banks on Thursday, July 20, selling government paper in two auctions, at annual average yields of 6.50% and 6.22%.

Bucharest Stock Exchange will see the first licensed stock brokerage firm launched after a 14-year hiatus on Monday, July 24, once Investimental starts operations.

Romania's Finance Ministry raised RON843 million from banks on Monday, July 17, selling government paper maturing in September 2032, at an annual average yield of 6.54%.