March | Romania Feed

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).

Romanians bought medicines worth RON26.8 billion (EUR5.44 billion) in the period April 2022 – March 2023, at wholesale prices, 20% more than in the year-earlier period, in line with the Cegedim Customer Information report.

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 7.3% in unadjusted data and by 6.7% when adjusted for seasonality and number of working days, in March 2023 compared to March 2022, data from the country’s statistics institute INS showed on Friday (May 5).

Arrivals at Romanian tourism accommodation establishments grew by 18.6% in March 2023 to 815,200 compared to March 2022 and overnight stays grew 16.2% on the year, the statistics institute INS said on Thursday.

Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 13.6% in March 2023 compared to March 2022, data from Romania's statistics board INS showed on Wednesday (May 3, 2023).

Romania’s unemployment rate stood at 5.4% in March 2023, lower by 0.1 percentage points than 5.5% in February 2023, data from the country’s statistics institute INS shows on Wednesday (May 3).

BCR Pensii, the private pension fund with the biggest number of listed companies in its portfolio among the seven mandatory private pension funds in Romania, known as Pillar II, increased its ownership stake in telecom operator Digi Communications to 3.87% from 2.73% following deals worth as much as RON13.4 million closed in March 2023 at the Bucharest Stock Exchange.

Metropolitan Life Pensii Private, the manager of the third largest Pillar II pension fund in Romania after NN Pensii and AZT Viitorul Tau, went shopping in March 2023 and increased its stakes in several companies in the BET index amid lower prices.

Romanian authorities issued 3,346 residential building permits in March 2023, 30.1% more than in February 2023 and 23.8% fewer than in March 2022, data from the country’s statistics board INS showed on Friday (April 28).

Private lending in Romania grew by 10.2% in nominal terms (-3.8% in real terms) in March 2023 versus March 2022 to RON370.4 billion, as local currency lending increased by 2.7% (-10.3% in real terms) and foreign currency lending expressed in lei by 30.2% (+30.2% in real terms when expressed in euros), central bank data showed on Thursday (April 28).

Romania's annual inflation rate fell to 14.5% in March 2023 after reaching 15.5% in February 2023 and 15.1% in January 2023, data from the country's statistics board INS showed on Thursday (April 13).

Romania's foreign exchange reserves stood at EUR53.2 billion in March 2023, higher by EUR1.22 billion versus February 2023, central bank data showed on Monday (April 3).

Romania's Finance Ministry raised RON556 million from banks on Monday (March 27) selling bonds maturing in 2027, at an annual average yield of 7.15%.

Romania's Finance Ministry raised RON500 million on Thursday (March 23) selling bonds maturing in April 2025, at an annual average yield of 7.09%.

Romania's finance ministry continues the issues of FIDELIS government bonds for retail investors and launches on Bucharest Stock Exchange (BVB) the first offer in 2023, between March 27 and April 10.

Mastercard is launching in Romania a cashback campaign for people who during the March 24-31 period choose to pay their taxes with a Mastercard debit or credit card, on Ghiseul.ro platform and mobile app or on other online platforms made available by local administrations.

Romania's finance ministry raised RON1.2 billion on Monday (March 20, 2023) through two government bond issues, at annual average yields of 7.32% and 6.86%, respectively.

Romania's finance ministry raised RON1.03 billion on Thursday (March 16, 2023) through two government bond issues, at annual average yields of 6.70% and 7.51%, respectively.

Romania's Finance Ministry raised RON623 million on Monday (March 13) selling bonds maturing in 2027, at an annual average yield of 7.26%.

Romania's Finance Ministry raised RON589.2 million on Thursday (March 9) selling bonds maturing in April 2031, at an annual average yield of 7.59%.