German-held discount retail chain Lidl, the leader of grocery retail in Romania, announced Marco Giudici will take over as chief executive officer on November 1, 2021, following departure of Frank Wagner, who had been in the position since December 2015.
The average net salary in Romania grew 2% in nominal terms and 1.9% in real terms in November 2020 compared with October 2020, to 3,411 lei (around EUR700), data from the country's statistics board showed Wednesday.
Romania's seasonally adjusted unemployment rate inched down to 5.1% in November 2020 from 5.3% in October, data from the country's statistics board showed Friday.
Romania issued 3,152 housing construction permits for residential buildings in November 2020, 21.5% fewer than in October 2020 and 7.9% fewer than in November 2019, the statistics institute INS said Monday.
Romanians took out more than 1.47 billion lei in new mortgage loans in lei in November, the highest level in the past year, with only October 2019 recording a slightly higher figure of RON1.48 billion.
Private lending in Romania grew 0.7% in nominal terms and 0.5% in real terms in November 2020 compared with October, to RON281 billion, central bank data showed Monday.
The seven pension funds operating on the Romanian mandatory segment, known as Pillar II, had total assets of RON73.1 billion at the end of November 2020, reaching a record level and increasing by nearly 18% since the beginning of 2020, data from Romania’s financial watchdog ASF showed Tuesday.
The number of real estate deals in Romania stood at 60,183 in November 2020, 23,492 fewer than in October, data from the national cadaster agency ANCPI showed Monday.
Romania's annual inflation rate inched down to 2.1% in November 2020 from 2.2% in October and 2.5% in September, data from the country's statistics board showed Friday.
Romania's foreign exchange reserves dropped to EUR33.393 billion at the end of November from EUR33.795 billion at the end of October, central bank data showed Wednesday.
Romania's finance ministry raised RON7.86 billion selling bonds on the domestic market in November, 55.4% above plan, plus EUR2.5 billion from international markets.
Retail chain Profi held by buyout investor Mid Europa Partners continues expansion, having opened 22 new stores in November.
The Romanian stock market ended its best month in almost two years, thanks to the 9.12% rise in its main index BET in November, as the rises of indices abroad largely because of information about development of COVID-19 vaccines also made an impact in Bucharest.